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Property profile & analytics
OFF-MARKET
Commercial real estate
445 Grand Ave Palisades Park, NJ 07650-1204
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1539659
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE BLOCKS
Lot
0.53 ac (23,030 SF)
APN
45 00110-0000-00006
UPID
US59-1539659
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
-
Hanam Karaoke DJ & Entertainment Nightclub
-
Hanam BBQ House Korean Barbecue Restaurant Sushi Restaurant
-
Dong Hae Seafood 동해참치 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
445 Grand Ave LLC · 4 yrs held
445 Grand Ave LLC
since 2022
7 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 Palisades Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palisades Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$47,515
Tax year 2022
Assessed value
$3,364,700
Assessed 2023
Previous assessed
$3,364,700
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,343,700
Assessed improvement
$2,021,000
Land market value
$1,343,700
Improvement market value
$2,021,000
Total market value
$3,364,700
Applied tax rate
45.0000
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
0.53 ac (23,030 SF)
APN
45 00110-0000-00006
UPID
US59-1539659
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
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
445 Grand Ave LLC
Entity
Mailing address
161 WINDING CRK, OLD TAPPAN, NJ 07675-7330
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
—
445 Grand Ave LLC
Tae Won Kim
Bargain And Sale Deed
$2,150,000 · M & T Bank
Nov 6, 2019
—
Tae W Kim
—
Deed
related
$156,079 · Noah Bank
May 2, 2016
—
Tae Won Kim
—
Deed
related
$150,000 · Shinhan Bank America
Nov 10, 1994
$800,000
Tae W Kim
The Adventure Co
Grant Deed
$500,000 · Sellers Financed
—
—
Tae W Kim
—
Deed Of Trust
related
$450,000 · Chb America Bank
—
—
Tae W Kim
—
Deed Of Trust
related
$200,000 · Nara Bank
—
—
Tae W Kim
—
Deed Of Trust
related
$400,000 · Nara Bank
—
—
Tae W Kim
—
Deed Of Trust
related
$150,000 · Shinhan Bank
—
—
Ruth N Fofana
—
Deed Of Trust
related
$91,300 · Ge Capital Mortgage Service
—
—
Tae Won Kim
—
Deed Of Trust
related
$600,000 · Nara Bank
—
—
Tae W Kim
—
Deed Of Trust
related
$1,190,000 · Nara Bank
—
—
Tae W Kim
—
Deed Of Trust
related
$280,000 · Nara 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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