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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Residential income homes
475 Passaic Ave, West Caldwell, NJ 07006-7442
Entity Owned
8-yr Hold
Free & Clear
Property ID
US59-1919568
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2016
Construction
FRAME
Lot
30.56 ac (1,331,194 SF)
Zoning code
R-3C
APN
21 02000-0000-00002
UPID
US59-1919568
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
-
The Preserve at West Caldwell Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Hawthorne Wc 475 Realty LLC · 8 yrs held
Hawthorne Wc 475 Realty LLC
since 2017
6 recorded transactions
Zoning & alternative use
R-3C · West Caldwell, NJ
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 West Caldwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Caldwell 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
by Request
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10%
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
$238,473
Tax year 2022
Assessed value
$8,971,900
Assessed 2023
Previous assessed
$8,971,900
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$1,800,000
Assessed improvement
$7,171,900
Land market value
$1,800,000
Improvement market value
$7,171,900
Total market value
$8,971,900
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
30.56 ac (1,331,194 SF)
Zoning code
R-3C
APN
21 02000-0000-00002
UPID
US59-1919568
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-3C · West Caldwell, NJ
Zoning R-3C · permitted uses
R-3C · West Caldwell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Caldwell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
30.56 ac
Current owner
From public records · entity-resolved
Hawthorne Wc 475 Realty LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7 COLUMBIA TPKE STE #202, FLORHAM PARK, NJ 07932-2276
Ownership since
2017
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
Dec 29, 2017
$14,250,000
Hawthorne Wc 475 Realty LLC
Preserve At West Caldwell LLC
Grant Deed
—
Nov 20, 2014
$1,800,000
Preserve At West Caldwell LLC
Villas At West Caldw
Dual Purpose Document
$9,480,000 · Valley Nat'l Bk
Nov 13, 2013
—
Villas At West Caldwell LLC
—
Trustees Deed
related
$8,780,000 · Valley Nat'l Bk Mtg
Jun 24, 2010
—
Villas At West Caldwell LLC
Villas At West Caldwell LLC
Quit Claim Deed
related
—
Apr 20, 2006
$1,500,000
Villas At West Caldwell LLC
Blumenfeld,bruce
Grant Deed
$1 · Valley National Bank
—
—
1274 Commerical LLC
—
Deed Of Trust
related
$13,466,250 · Hawthorne Wc 475 Realty LLC
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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