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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Industrial properties
401 Mdw Ln Carlstadt, NJ 07072-3006
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-1245098
Property summary
AI-generated overview
This exceptional 11,735-square-foot warehouse, situated in the Meadowlands submarket, presents a unique leasing opportunity. Completely renovated in 2024, this single-tenant property boasts a modern and efficient layout. The building features a 14-foot clear ceiling height, providing ample vertical space for storage and operations. Loading and unloading are facilitated by two loading docks and one drive-in door. The property also includes six parking spaces for convenient access. Recent upgrades include a new roof, polished concrete floors, LED lighting, a new 400-amp, 480-volt electrical service, new HVAC units in the office space, and updated bathrooms. The 1,545 square-foot office space is a significant addition, offering comfortable and functional administrative areas. The property sits on a 0.488-acre lot. Utilities are serviced by PSEG (electric and gas), Veolia (water), and Bergen County (sewer). Annual property taxes are $3.14 per square foot. This meticulously renovated warehouse is ready for immediate occupancy and offers a prime location in the thriving Meadowlands area. The property is currently vacant and available for lease.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
CONCRETE BLOCKS
Total area
11,496 SF
Lot
0.49 ac (21,344 SF)
APN
05 00130-0000-00007-0000-HM
UPID
US59-1245098
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
-
Homping USA (Bike/Boat/Book/etc) Store Home Appliance Store
-
BMB International, LLC Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.43M
Owner & transaction history
North Eighty Associates · 3 yrs held
North Eighty Associates
since 2023
Last sale
$2.4M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.8M
+30.6%
Commercial (general)
$3.4M
+16.4%
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 Carlstadt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlstadt 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
$2,445,000
ML approach
$2,480,000
CAP Approach
CAP Return
Estimation
6%
$2,150,000
6.5%
$1,985,000
7%
$1,845,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,895,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,775,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,365,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$2,775,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10% · vs last sale $2.40M (Feb 15 2023)
Last sale anchor
$2.40M
Feb 15 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
$211 / 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
$24,214
Tax year 2022
Assessed value
$1,981,000
Assessed 2023
Previous assessed
$1,981,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$269,500
Assessed improvement
$1,711,500
Land market value
$269,500
Improvement market value
$1,711,500
Total market value
$1,981,000
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
11,496 SF
Lot
0.49 ac (21,344 SF)
APN
05 00130-0000-00007-0000-HM
UPID
US59-1245098
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
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.8M
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
Year built
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
North Eighty Associates
Entity
Free & Clear · 3 yrs held
Mailing address
400 HOLLISTER RD, TETERBORO, NJ 07608-1147
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2023
$2,395,000
North Eighty Associates
Multi Folio Miami LLC
Deed
—
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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