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Property profile & analytics
OFF-MARKET
Estimated value
$12,665,000
Industrial properties
46 Whelan Rd East Rutherford, NJ 07073-2146
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0137223
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Total area
50,418 SF
Lot
3.5 ac (152,460 SF)
APN
12 00106- 01-00005
UPID
US59-0137223
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
-
Brookaire Company - HVAC Air Filter Supplier Big Box & Wholesale Store
-
C&T International: Ivaldi Fine Foods Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.49M
CAP Approach
CAP
$8.71M
Comparable Approach
Comparable
$17.02M
Blend (final)
Blend
$12.67M
Owner & transaction history
Terreno Whelan LLC · 6 yrs held
Terreno Whelan LLC
since 2020
Last sale
$12.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$16.6M
+46.7%
Office building
$12.2M
+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 East Rutherford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Rutherford 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
$14,765,000
ML approach
$11,490,000
CAP Approach
CAP Return
Estimation
6%
$9,430,000
6.5%
$8,705,000
7%
$8,085,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,290,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,565,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$12,180,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,330,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.67M
Range $11.40M – $13.93M · ±10% · vs last sale $12.00M (Jan 16 2020)
Last sale anchor
$12.00M
Jan 16 2020
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
$251 / 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
$210,349
Tax year 2022
Assessed value
$12,510,500
Assessed 2023
Previous assessed
$12,510,500
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$4,536,000
Assessed improvement
$7,974,500
Land market value
$4,536,000
Improvement market value
$7,974,500
Total market value
$12,510,500
Applied tax rate
12.0000
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
2006
Heating
NONE
Units
1
Total area
50,418 SF
Lot
3.5 ac (152,460 SF)
APN
12 00106- 01-00005
UPID
US59-0137223
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
$11.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.6M
OFFICE BUILDING
Est. value
$12.2M
COMMERCIAL (GENERAL)
Est. value
$10.3M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2006
Heating
NONE
Units
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Terreno Whelan LLC
Entity
Mailing address
101 MONTGOMERY ST STE #200, SAN FRANCISCO, CA 94104-4124
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2020
$12,000,000
Terreno Whelan LLC
Patti LLC
Grant Deed
—
Feb 16, 2018
—
Patti LLC
—
Grant Deed
related
$5,500,000 · Investors Bk
Feb 8, 2018
—
Nj Dept Of Emviromental Protectio
Patti LLC
Grant Deed
related
—
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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