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Property profile & analytics
FOR SALE
Industrial properties
40 Tillman St, Westwood, NJ 07675
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-3082793
For Sale
1 / 20
$775,000
40 Tillman St, Westwood, NJ 07675
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Property summary
AI-generated overview
This exceptional executive office suite, located at 40 Tillman St #2nd Floor in Westwood, New Jersey (07675), offers 2,332 square feet of move-in ready space. The property features a thoughtfully designed layout encompassing two floors. The second floor includes a main area with cubicles, a spacious conference room (approximately 19x22 feet), and a half-bath. The third floor provides a large open area (approximately 53x22 feet) with 7-foot ceilings and wall-mounted air conditioning. While the listed square footage is 2,332, additional unfinished storage space is available. The property is a single-tenant occupancy. Utilities are the tenant's responsibility, including gas heat and electricity. Convenient parking is available on the side of the building and on the street. The property's APN is 026702111 00005. This turnkey solution is perfect for businesses seeking immediate occupancy in a prime Westwood location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Construction
CONCRETE BLOCKS
Lot
0.2 ac (8,799 SF)
APN
67 02111-0000-00005
UPID
US59-3082793
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
-
Events Registration LLC Event Planning Wedding Service
-
Sobeck Co Law Firm Security Service
-
Rolloffer (Bike/Boat/Book/etc) Store Corporate Office
-
DeLalla Carting Dumpster Rental Waste Management Facility
-
DeLalla Carting Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Emarett LLC · 3 yrs held
Emarett LLC
since 2022
Last sale
$735,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Westwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westwood 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
$815,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $735k (Oct 5 2022)
Last sale anchor
$735k
Oct 5 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
—
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
$18,270
Tax year 2022
Assessed value
$746,100
Assessed 2023
Previous assessed
$746,100
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$311,400
Assessed improvement
$434,700
Land market value
$311,400
Improvement market value
$434,700
Total market value
$746,100
Applied tax rate
67.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 Sale
Year built
1961
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.2 ac (8,799 SF)
APN
67 02111-0000-00005
UPID
US59-3082793
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
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Emarett LLC
Entity
Mailing address
40 TILLMAN ST, WESTWOOD, NJ 07675-2611
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
$735,000
Emarett LLC
40 Tillman Street LLC
Deed
$300,000 · Kearny Bank
Jan 5, 2017
—
40 Tillman Street LLC
—
Deed
related
$540,000 · Bank Of America
Sep 27, 2007
$775,000
40 Tillman Street LLC
40 Tilman Avenue Associates Ll
Grant Deed
related
$447,500 · Bank Of America
Feb 28, 2000
$125,000
40 Tilman Ave Assoc LLC
Harris,donald J
Grant Deed
—
—
—
40 Tilman Ave Associates LLC
—
Deed Of Trust
related
$41,200 · Vincent De Staso
—
—
40 Tillman Street LLC
—
Deed Of Trust
related
$540,000 · Bank Of America
—
—
Yo Tillman Ave Assoc LLC
—
Deed Of Trust
related
$36,050 · Vincent Destaso
—
—
40 Tillman Street LLC
—
Deed Of Trust
related
$260,000 · New Jersey Business Fin Co
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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