Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Industrial properties
43 Industrial Ave Fairview, NJ 07022-1605
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3108854
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Total area
6,376 SF
Lot
0.2 ac (8,682 SF)
Zoning code
I
APN
18 00603-0000-00035
UPID
US59-3108854
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.31M
Owner & transaction history
Cip Factory INC · 4 yrs held
Cip Factory INC
since 2021
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
I · Fairview, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ermitted for in the following districts, and as regulated herein. a. R-D - Medium Density Garden Apartment Zone District b. R-E - Senior Housing Zone District c. R-F - High Density High Rise Residential Zone District d. I - Industry Zone District e. The following requirements shall be applicable to lots with more than one principal building: 1. The front, si…
Zone name
Industry
General category
INDUSTRIAL
Zone area
78.91 ac
Top alternative use upside
Apartment house (5+ units)
$2.1M
+46.7%
Commercial (general)
$1.9M
+30.7%
Office building
$1.5M
+7.9%
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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
$1,480,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,095,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,865,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.20M (Dec 1 2021)
Last sale anchor
$1.20M
Dec 1 2021
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
$205 / 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
$19,156
Tax year 2022
Assessed value
$900,700
Assessed 2023
Previous assessed
$900,700
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$100,500
Assessed improvement
$800,200
Land market value
$100,500
Improvement market value
$800,200
Total market value
$900,700
Applied tax rate
18.0000
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
1960
Heating
NONE
Stories
1
Total area
6,376 SF
Lot
0.2 ac (8,682 SF)
Zoning code
I
APN
18 00603-0000-00035
UPID
US59-3108854
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Fairview, NJZoning I · permitted uses
I · Fairview, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ermitted for in the following districts, and as regulated herein. a. R-D - Medium Density Garden Apartment Zone District b. R-E - Senior Housing Zone District c. R-F - High Density High Rise Residential Zone District d. I - Industry Zone District e. The following requirements shall be applicable to lots with more than one principal building: 1. The front, side and rear yard requirements shall be complied with for all buildings; 2. The of
Zone name
Industry
General category
INDUSTRIAL
Zone area
78.91 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.5M
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
1960
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Cip Factory INC
Entity
Mailing address
41 INDUSTRIAL AVE #43, FAIRVIEW, NJ 07022-1605
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
Cip Factory INC
—
Deed
related
$910,712 · Pnc Bank NA
Jan 14, 2022
—
Cip Factory INC
—
Deed
related
$300,000 · Newbank
Dec 1, 2021
$1,200,000
Cip Factory INC
Grinsberg Properties LLC
Deed
$950,000 · Newbank
Jan 9, 2007
$650,000
Grinsberg Properties LLC
Sabar,henri
Grant Deed
—
Feb 23, 2004
$1
Henri Sabar
Sabar,brigitte
Grant Deed
related
—
—
—
Henri Sabar
—
Deed Of Trust
related
$250,000 · Pinarlan Investments Sa
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 43 Industrial Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
