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Property profile & analytics
FOR LEASE
Industrial properties
380 North St Teterboro, NJ 07608
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0498737
For Lease
1 / 5
$5,760,000
380 North St, Teterboro, NJ 07608
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
24,000 SF
Lot
1.29 ac (56,192 SF)
APN
62 00303-0000-00009
UPID
US59-0498737
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Len The Plumber, LLC Plumbing Service General Contractor
-
Koman Sportswear Inc (Bike/Boat/Book/etc) Store
-
Komanusa Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.16M
CAP Approach
CAP
$4.15M
Comparable Approach
Comparable
$5.54M
Blend (final)
Blend
$5.76M
Owner & transaction history
380 North Sg LLC · 3 yrs held
380 North Sg LLC
since 2022
Last sale
$5.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.9M
+46.7%
Commercial (general)
$7.0M
+30.7%
Office building
$5.8M
+7.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Teterboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Teterboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,105,000
ML approach
$6,155,000
CAP Approach
CAP Return
Estimation
6%
$4,490,000
6.5%
$4,145,000
7%
$3,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,375,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,885,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,025,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$5,795,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $5.50M (Sep 1 2022)
Last sale anchor
$5.50M
Sep 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$240 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$26,640
Tax year 2022
Assessed value
$2,433,200
Assessed 2023
Previous assessed
$2,433,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$877,200
Assessed improvement
$1,556,000
Land market value
$877,200
Improvement market value
$1,556,000
Total market value
$2,433,200
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
24,000 SF
Lot
1.29 ac (56,192 SF)
APN
62 00303-0000-00009
UPID
US59-0498737
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.0M
OFFICE BUILDING
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
380 North Sg LLC
Entity
Mailing address
10 W PO BOX 559TH AVE, ALPINE, NJ 07620-0559
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$5,500,000
380 North Sg LLC
380 North Street LLC
Deed
$4,260,000 · Lake Forest Bank & Trust Co NA
Jan 29, 2009
$2,775,950
380 North Street LLC
Alta Industries LLC
Grant Deed
—
Dec 21, 2004
$1
Alta Industries LLC
Alta Industries
Grant Deed
related
—
—
—
Alta Ind
—
Deed Of Trust
related
$1,000,000 · Interchange Bank
—
—
Alta Industries
—
Deed Of Trust
related
$3,200,000 · National Bank Canada
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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