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Property profile & analytics
OFF-MARKET
Estimated value
$12,090,000
Industrial properties
5 5th St Paterson, NJ 07524
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-3073549
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
35,680 SF
Lot
1 ac (43,560 SF)
Zoning code
I-1
APN
08 01901-0000-00001
UPID
US59-3073549
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.08M
Blend (final)
Blend
$12.09M
Owner & transaction history
85 5th Ave LLC · 2 yrs held
85 5th Ave LLC
since 2023
Last sale
$15.6M
7 recorded transactions
Zoning & alternative use
I-1 · Paterson, 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 Paterson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paterson 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
$11,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.09M
Range $10.88M – $13.30M · ±10% · vs last sale $15.60M (Jul 27 2023)
Last sale anchor
$15.60M
Jul 27 2023
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
$339 / 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
$269,236
Tax year 2022
Assessed value
$5,800,000
Assessed 2023
Previous assessed
$5,800,000
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$3,432,500
Assessed improvement
$2,367,500
Land market value
$3,432,500
Improvement market value
$2,367,500
Total market value
$5,800,000
Applied tax rate
8.0000
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
Heating
NONE
Total area
35,680 SF
Lot
1 ac (43,560 SF)
Zoning code
I-1
APN
08 01901-0000-00001
UPID
US59-3073549
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Paterson, NJ
Zoning I-1 · permitted uses
I-1 · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paterson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
85 5th Ave LLC
Entity
Mailing address
390 NYE AVE, IRVINGTON, NJ 07111-4206
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
85 5th Ave LLC
—
Deed
related
$11,700,000 · Lakeland Bank
Aug 7, 2023
—
85 5th Ave LLC
—
Deed
related
$10,635,000 · Paterson Fidelco LLC
Jul 27, 2023
$15,600,000
85 5th Ave LLC
Paterson Fidelco LLC
Deed
$10,635,000 · Paterson Fidelco LLC
Jun 3, 2022
$15,000,000
55 East 6 LLC
Kirker Enterprises INC
Deed
$10,546,250 · Signature Bank
Mar 20, 2020
—
Paterson Fidelco LLC
—
Deed
related
$1,500,000 · Stadium Dev Corp
Jan 27, 2020
—
Paterson Fidelco LLC
—
Deed
related
$1,500,000 · Stadium Dev Corp
—
—
Paterson Fidelco LLC
—
Deed Of Trust
related
$1,500,000 · Stadium Dev Corp
—
—
Paterson Fidelco LLC
—
Deed Of Trust
related
$1,500,000 · Stadium Dev Corp
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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