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Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Commercial real estate
400 Ml Crk Dr Secaucus, NJ 07094-3661
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-1141763
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Construction
BRICK
Total area
21,500 SF
Lot
10 ac (435,600 SF)
Zoning code
RC
APN
09 00185- 01-00001- 09-HM
UPID
US59-1141763
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
-
ChargeItSpot Telecommunications Service
-
Marshalls & HomeGoods Department Store
-
UPS Access Point location Courier Service Postal Service
-
PetSmart Grooming Pet Grooming Service
-
TagWorks (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.46M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$4.60M
Owner & transaction history
Agree Secaucus Nj LLC · 8 yrs held
Agree Secaucus Nj LLC
since 2018
2 recorded transactions
Zoning & alternative use
RC · Secaucus, NJ
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 Secaucus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Secaucus 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%
$5,915,000
6.5%
$5,460,000
7%
$5,070,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,910,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,485,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±10%
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
$214 / 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
$493,164
Tax year 2022
Assessed value
$13,105,600
Assessed 2023
Previous assessed
$13,105,600
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$4,024,800
Assessed improvement
$9,080,800
Land market value
$4,024,800
Improvement market value
$9,080,800
Total market value
$13,105,600
Applied tax rate
9.0000
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
2005
Construction
BRICK
Heating
NONE
Stories
2
Total area
21,500 SF
Lot
10 ac (435,600 SF)
Zoning code
RC
APN
09 00185- 01-00001- 09-HM
UPID
US59-1141763
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
RC · Secaucus, NJ
Zoning RC · permitted uses
RC · Secaucus, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Secaucus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Year built
2005
Construction
BRICK
Heating
NONE
Stories
2
Lot
10 ac
Current owner
From public records · entity-resolved
Agree Secaucus Nj LLC
Entity
Mailing address
PO BOX 460389, HOUSTON, TX 77056-8389
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2018
$43,000,000
Agree Secaucus Nj LLC
400 Mill Creek Drive LLC
Grant Deed
$21,500,000 · Pnc Bk/oh
Sep 29, 2014
—
400 Mill Creek Drive LLC
Hartz Mountain Dev Corp
Quit Claim Deed
related
$21,500,000 · Pnc Bk
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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