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Property profile & analytics
OFF-MARKET
Estimated value
$5,095,000
Industrial properties
48 Spruce St Oakland, NJ 07436-1830
Entity Owned
6-yr Hold
Free & Clear
Property ID
US59-0114617
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1932
Construction
CONCRETE BLOCKS
Lot
2.03 ac (88,427 SF)
APN
42 02302-0000-00006
UPID
US59-0114617
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
-
EKATO Corporation Factory Industrial Manufacturer
-
ID Technology Factory Industrial Manufacturer
-
Wisley Enrique Bocourt-rivero: Primerica - Financial Services Financial Advisor
-
Lewie Soaivan: Primerica - Financial Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.10M
Owner & transaction history
48 Spruce Tarjum Jv LLC · 6 yrs held
48 Spruce Tarjum Jv LLC
since 2020
Last sale
$4.6M
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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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
$5,630,000
ML approach
$5,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.10M
Range $4.59M – $5.60M · ±10% · vs last sale $4.58M (Jul 21 2020)
Last sale anchor
$4.58M
Jul 21 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
—
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
$116,158
Tax year 2022
Assessed value
$5,137,900
Assessed 2023
Previous assessed
$5,137,900
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$710,500
Assessed improvement
$4,427,400
Land market value
$710,500
Improvement market value
$4,427,400
Total market value
$5,137,900
Applied tax rate
42.0000
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
1932
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
2.03 ac (88,427 SF)
APN
42 02302-0000-00006
UPID
US59-0114617
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
Year built
1932
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
48 Spruce Tarjum Jv LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 342, ORADELL, NJ 07649-0342
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
48 Spruce Tarjum Jv LLC
—
Deed
related
$3,500,000 · First Bank
Sep 28, 2022
—
48 Spruce Tarjum Jv LLC
—
Deed
related
$1,350,000 · First Bank
Jul 21, 2020
$4,575,000
48 Spruce Tarjum Jv LLC
Big Spruce LLC
Grant Deed
—
Jan 25, 2019
$608,402
Dc Spruce LLC
Roundhill Spruce LLC
Grant Deed
—
Oct 11, 2017
—
Roundhill Spruce LLC
—
Deed
related
$3,300,000 · First Bk
Jun 12, 2006
$1,904,000
Roundhill Spruce LLC
Big Spruce LLC
Grant Deed
—
—
—
Roundhill Spruce LLC
—
Deed Of Trust
related
$3,360,000 · Morgan Stanley Mtg Capital INC
—
—
Kenneth Sorce
—
Deed Of Trust
related
$93,000 · Hudson City Savings Bank
—
—
Roundhill Spruce LLC
—
Deed Of Trust
related
$3,300,000 · First Bk
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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