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Property profile & analytics
OFF-MARKET
Estimated value
$13,090,000
Industrial properties
404 Midland Ave Saddle Brook, NJ 07663-5707
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-1343903
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Lot
1.65 ac (71,874 SF)
APN
57 01402-0000-00047
UPID
US59-1343903
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
-
Scheinert & Sons Inc Building Supply Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.09M
Owner & transaction history
Bv1 400 N Midland Ave LLC · 2 yrs held
Bv1 400 N Midland Ave LLC
since 2023
Last sale
$13.0M
4 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 Saddle Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saddle Brook 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
$13,265,000
ML approach
$9,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.09M
Range $11.78M – $14.40M · ±10% · vs last sale $13.00M (Sep 13 2023)
Last sale anchor
$13.00M
Sep 13 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
—
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
$157,718
Tax year 2022
Assessed value
$7,178,100
Assessed 2023
Previous assessed
$7,178,100
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$705,000
Assessed improvement
$6,473,100
Land market value
$705,000
Improvement market value
$6,473,100
Total market value
$7,178,100
Applied tax rate
57.0000
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.65 ac (71,874 SF)
APN
57 01402-0000-00047
UPID
US59-1343903
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Bv1 400 N Midland Ave LLC
Entity
Free & Clear · 2 yrs held
Mailing address
250 VESEY ST, NEW YORK, NY 10281-1052
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
—
Bvi 400 N Midland Ave LLC
—
Deed
related
$98,340,000 · Prudential Insurance Of America
Sep 13, 2023
$13,000,000
Bv1 400 N Midland Ave LLC
Ect Gadol 404 LLC
Bargain And Sale Deed
—
Mar 31, 2022
$9,250,000
Ect Gadol 404 LLC
404 Midland Avenue LLC
Deed
$9,900,000 · 386 North Midland Funding LP
Mar 15, 2022
—
Ect Gadol 404 LLC
—
Deed
related
$10,250,000 · Magyar Bank
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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