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Property profile & analytics
OFF-MARKET
Estimated value
$7,630,000
Commercial real estate
40 Ln Rd Fairfield, NJ 07004-1012
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1006106
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
90,816 SF
Lot
5.49 ac (239,144 SF)
Zoning code
OP
APN
07 03104-0000-00002- 02
UPID
US59-1006106
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
-
KT&C America Inc Security Service
-
NCOR Group, Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Covanta Power Development-Bolivia Power Station
-
Covanta Lancaster Inc Waste Management Facility
-
Covanta Oahu Waste Energy Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.36M
Blend (final)
Blend
$7.63M
Owner & transaction history
New Jersey Gospel Mission Church · 2 yrs held
New Jersey Gospel Mission Church
since 2024
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
OP · Fairfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
5 H-D U.S. ROUTE 46 SPECIAL HIGHWAY DEVELOPMENT ZONE. § 45-35.1 Permitted Uses. § 45-35.2 Accessory Uses. § 45-35.3 Conditional Uses. § 45-35.4 Area, Yard and Building Requirements. § 45-35.5 Other Requirements. § 45-36 O-P OFFICE PROFESSIONAL DISTRICT. § 45-36.1 Permitted Uses. § 45-36.2 Accessory Uses. § 45-36.3 Prohibited Uses. § 45-36.4 Conditional Uses.…
Zone name
Office Professional
General category
UNKNOWN
Zone area
22.38 ac
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.63M
Range $6.87M – $8.39M · ±10% · vs last sale $6.25M (Apr 29 2024)
Last sale anchor
$6.25M
Apr 29 2024
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
$84 / 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
$211,747
Tax year 2022
Assessed value
$10,571,500
Assessed 2023
Previous assessed
$10,571,500
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,528,200
Assessed improvement
$9,043,300
Land market value
$1,528,200
Improvement market value
$9,043,300
Total market value
$10,571,500
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
NONE
Stories
4
Units
1
Total area
90,816 SF
Lot
5.49 ac (239,144 SF)
Zoning code
OP
APN
07 03104-0000-00002- 02
UPID
US59-1006106
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OP · Fairfield, NJZoning OP · permitted uses
OP · Fairfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
5 H-D U.S. ROUTE 46 SPECIAL HIGHWAY DEVELOPMENT ZONE. § 45-35.1 Permitted Uses. § 45-35.2 Accessory Uses. § 45-35.3 Conditional Uses. § 45-35.4 Area, Yard and Building Requirements. § 45-35.5 Other Requirements. § 45-36 O-P OFFICE PROFESSIONAL DISTRICT. § 45-36.1 Permitted Uses. § 45-36.2 Accessory Uses. § 45-36.3 Prohibited Uses. § 45-36.4 Conditional Uses. § 45-36.5 Area, Yard and Building Requirements. § 45-37 (RESERVED) § 45-38 C-4 LIM
Zone name
Office Professional
General category
UNKNOWN
Zone area
22.38 ac
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
4
Units
1
Lot
5.49 ac
Current owner
From public records · entity-resolved
New Jersey Gospel Mission Church
Entity
Mailing address
40 LN RD FL, FAIRFIELD, NJ 07004-1012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
$6,250,000
New Jersey Gospel Mission Church
Hsb Group LLC
Deed
$4,687,500 · New Millennium Bank
Apr 9, 2013
$4,700,000
Hsb Group LLC
Lane Road LLC
Grant Deed
$3,000,000 · Woori America Bk
Dec 16, 2010
$3,000,000
Lane Road LLC
Covanta Projects INC
Grant Deed
—
—
—
Hsb Group LLC
—
Deed Of Trust
related
$1,000,000 · Prime Busn Cr
—
—
Covanta Projects INC
—
Deed Of Trust
related
$400,000 · Credit Suisse
—
—
Hsb Group LLC
—
Deed Of Trust
related
$4,300,000 · Woori America Bk
—
—
Hsb Group LLC
—
Deed Of Trust
related
$800,000 · Prime Busn Cr
—
—
Covanta Projects INC
—
Deed Of Trust
related
—
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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