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Property profile & analytics
OFF-MARKET
Estimated value
$1,785,000
Industrial properties
400 Schuyler Ave Kearny, NJ 07032-4023
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1120083
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
6,380 SF
Lot
0.36 ac (15,779 SF)
APN
07 00226-0000-00001
UPID
US59-1120083
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
-
Great One Trading Grocery & Convenience Store Distribution Center
-
Melray's Furniture Warehouse Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.79M
Owner & transaction history
Nebula Spaces LLC · 3 yrs held
Nebula Spaces LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+97.4%
Apartment house (5+ units)
$1.6M
+20.2%
Commercial (general)
$1.5M
+10.9%
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 Kearny submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kearny 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
$1,980,000
ML approach
$1,890,000
CAP Approach
CAP Return
Estimation
6%
$2,245,000
6.5%
$2,075,000
7%
$1,925,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,355,000
Current use
OFFICE BUILDING
$2,670,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,625,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,500,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.96M · ±10% · vs last sale $1.65M (Apr 24 2023)
Last sale anchor
$1.65M
Apr 24 2023
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
$280 / 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
$16,340
Tax year 2022
Assessed value
$155,000
Assessed 2023
Previous assessed
$155,000
+0.0% YoY
Effective rate
10.54%
On assessed value
Assessed land
$89,300
Assessed improvement
$65,700
Land market value
$89,300
Improvement market value
$65,700
Total market value
$155,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Total area
6,380 SF
Lot
0.36 ac (15,779 SF)
APN
07 00226-0000-00001
UPID
US59-1120083
Jurisdiction
HUDSON
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
$1.4M
OFFICE BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1986
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Nebula Spaces LLC
Entity
Mailing address
400 SCHUYLER AVE, KEARNY, NJ 07032-4023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
$1,650,000
Nebula Spaces LLC
M Sy Marketing LLC
Deed
$825,000 · Emigrant Funding Corp
Apr 24, 2023
—
Nebula Spaces LLC
—
Deed
related
$695,000 · United States Small Business Admin
Apr 8, 2019
—
M Sy Marketing LLC
Kim,myon K
Grant Deed
related
$400,000 · Core Commercial Capital
Aug 14, 2018
$900,000
Myon K Kim
402 Schuyler Associates LLC
Grant Deed
—
Jan 18, 2012
—
402 Schuyler Assoc LLC
Filippone,michael
Grant Deed
$249,000 · Heritage Community Bank
—
—
402 Schuyler Associates LLC
—
Deed Of Trust
related
$300,000 · Habib American Bk
—
—
402 Schuyler Associates LLC
—
Deed Of Trust
related
$600,000 · Sp Funding 456 LLC
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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