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Property profile & analytics
OFF-MARKET
Estimated value
$19,485,000
Industrial properties
495 Mdw Ln Carlstadt, NJ 07072-3006
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0212499
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
CONCRETE BLOCKS
Total area
74,892 SF
Lot
2.9 ac (126,324 SF)
APN
05 00130-0000-00011-0000-HM
UPID
US59-0212499
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
-
Polyair Big Box & Wholesale Store
-
CB Richard Ellis Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.93M
Comparable Approach
Comparable
$18.55M
Blend (final)
Blend
$19.49M
Owner & transaction history
Qbl Nj 495 Meadow LLC · 4 yrs held
Qbl Nj 495 Meadow LLC
since 2022
Last sale
$24.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$24.6M
+30.6%
Commercial (general)
$21.9M
+16.4%
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 Carlstadt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlstadt 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
$26,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,010,000
6.5%
$12,930,000
7%
$12,010,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$18,845,000
Current use
APARTMENT HOUSE (5+ UNITS)
$24,605,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,925,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$18,090,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$19.49M
Range $17.54M – $21.43M · ±10% · vs last sale $24.00M (Jan 19 2022)
Last sale anchor
$24.00M
Jan 19 2022
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
$260 / 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
$134,659
Tax year 2022
Assessed value
$10,083,700
Assessed 2023
Previous assessed
$10,083,700
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,595,000
Assessed improvement
$8,488,700
Land market value
$1,595,000
Improvement market value
$8,488,700
Total market value
$10,083,700
Applied tax rate
5.0000
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
74,892 SF
Lot
2.9 ac (126,324 SF)
APN
05 00130-0000-00011-0000-HM
UPID
US59-0212499
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
$18.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.6M
COMMERCIAL (GENERAL)
Est. value
$21.9M
OFFICE BUILDING
Est. value
$18.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2.9 ac
Current owner
From public records · entity-resolved
Qbl Nj 495 Meadow LLC
Entity
Mailing address
116 HUNTINGTON AVE STE #601, BOSTON, MA 02116-5749
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
$24,000,000
Qbl Nj 495 Meadow LLC
Lrf1 Meadow Lane LLC
Deed
$460,000,000 · Mitsui Banking Corporation
Oct 31, 2019
$12,700,000
Lrfi Meadow Lane LLC
Prologis LP
Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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