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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Industrial properties
5 Boumar Pl Elmwood Park, NJ 07407-2615
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0093360
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
METAL FRAME
Total area
12,256 SF
Lot
3.43 ac (149,237 SF)
APN
11 01407-0000-00002
UPID
US59-0093360
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
-
Ungers Food Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.16M
Owner & transaction history
Nj Dept Of Environmental Protecti · 8 yrs held
Nj Dept Of Environmental Protecti
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.0M
+7.9%
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 Elmwood Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmwood Park 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,295,000
6.5%
$2,115,000
7%
$1,965,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,745,000
Current use
OFFICE BUILDING
$2,960,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±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
$176 / 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
$123,558
Tax year 2022
Assessed value
$4,102,200
Assessed 2023
Previous assessed
$4,102,200
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$1,212,400
Assessed improvement
$2,889,800
Land market value
$1,212,400
Improvement market value
$2,889,800
Total market value
$4,102,200
Applied tax rate
11.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
12,256 SF
Lot
3.43 ac (149,237 SF)
APN
11 01407-0000-00002
UPID
US59-0093360
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
$2.7M
OFFICE BUILDING
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
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
1968
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
3.43 ac
Current owner
From public records · entity-resolved
Nj Dept Of Environmental Protecti
Entity
Free & Clear · 8 yrs held
Mailing address
250 PEHLE AVE STE #200, SADDLE BROOK, NJ 07663-5835
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 16, 2018
—
Nj Dept Of Environmental Protecti
Sensible Foods LLC
Grant Deed
related
—
May 22, 2015
$60,000
Italian Ceramic Tile Corp
New Jersey Turnpike Authority
Grant Deed
—
Aug 7, 2007
$740,400
P S & C Enterprises LLC
Boumar Properties A New Jersey
Grant Deed
—
—
—
Sensible Foods LLC
—
Deed Of Trust
related
$2,000,000 · Spencer Savings Bank Sla
—
—
Sensible Foods LLC
—
Deed Of Trust
related
$5,500,000 · Spencer Savings Bank Sla
—
—
Sensible Foods LLC
—
Loan Modification
related
$1,500,000 · Spencer Savings Bank Sla
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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