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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Industrial properties
48 Industrial W St Clifton, NJ 07012-1712
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1215003
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1951
Construction
CONCRETE BLOCKS
Total area
15,360 SF
Lot
0.65 ac (28,304 SF)
Zoning code
M-1
APN
02 00056- 09-00006
UPID
US59-1215003
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
-
Biwal Manufacturing Co Inc. Industrial Manufacturer
-
Pulsar Microwave Electronics & Wireless Store
-
Taylor Microwave Inc Industrial Manufacturer Production Facility
-
Alkin Compressors Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$2.13M
Owner & transaction history
48 Industrial Clifton LLC · 4 yrs held
48 Industrial Clifton LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
M-1 · Clifton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+45.7%
Office building
$2.8M
+16.8%
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 Clifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clifton 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
$2,320,000
ML approach
$2,310,000
CAP Approach
CAP Return
Estimation
6%
$2,875,000
6.5%
$2,650,000
7%
$2,465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,420,000
Current use
COMMERCIAL (GENERAL)
$3,530,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$2,830,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $1.85M (Sep 10 2021)
Last sale anchor
$1.85M
Sep 10 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
$139 / 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
$34,460
Tax year 2022
Assessed value
$603,500
Assessed 2023
Previous assessed
$603,500
+0.0% YoY
Effective rate
5.71%
On assessed value
Assessed land
$288,300
Assessed improvement
$315,200
Land market value
$288,300
Improvement market value
$315,200
Total market value
$603,500
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1951
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
15,360 SF
Lot
0.65 ac (28,304 SF)
Zoning code
M-1
APN
02 00056- 09-00006
UPID
US59-1215003
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Clifton, NJ
Zoning M-1 · permitted uses
M-1 · Clifton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clifton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$3.5M
OFFICE BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
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
1951
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
48 Industrial Clifton LLC
Entity
Mailing address
25 COMMERCE DR STE #370, CRANFORD, NJ 07016-3619
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
48 Industrial Clifton LLC
—
Deed
related
$2,100,000 · Provident Bank
Sep 10, 2021
$1,850,000
48 Industrial Clifton LLC
Steven P Kartzman
Deed
$1,387,500 · 48 Industrial Funding LP
Sep 21, 1989
$1,200,000
Joseph J Mrocka
Unknown
Grant Deed
—
—
—
Joseph J Mrocka
—
Deed Of Trust
related
$620,000 · Valley National Bank
—
—
Joseph J Mrocka
—
Deed Of Trust
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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