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Property profile & analytics
OFF-MARKET
Estimated value
$71,915,000
Industrial properties
5 Dedrick Pl West Caldwell, NJ 07006-6304
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1492940
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2022
Lot
7.37 ac (321,007 SF)
Zoning code
M-2
APN
21 01500-0000-00013
UPID
US59-1492940
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
-
Jason Industrial Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$71.92M
Owner & transaction history
Ta Dedrick LLC · 2 yrs held
Ta Dedrick LLC
since 2023
Last sale
$63.7M
5 recorded transactions
Zoning & alternative use
M-2 · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M-2 LIMITED INDUSTRY AND RESEARCH LABORATORY DISTRICT. § 20-14.1 Permitted Principal Uses. [ Ord. No. 890 § 20-14.1] a. Offices for executive, professional, scientific, engineering or administrative purposes; and b. Scientific, engineering or research laboratories devoted to research, design or processing and fabricating incidental thereto; and limited indus…
Zone name
Limited Industry Office Building And Research Laboratory
General category
INDUSTRIAL
Zone area
233.78 ac
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 West Caldwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Caldwell 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
$88,340,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$71.92M
Range $64.72M – $79.11M · ±10% · vs last sale $63.70M (Nov 20 2023)
Last sale anchor
$63.70M
Nov 20 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
—
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
$383,257
Tax year 2022
Assessed value
$14,419,000
Assessed 2023
Previous assessed
$4,321,200
+233.7% YoY
Effective rate
2.66%
On assessed value
Assessed land
$4,321,200
Assessed improvement
$10,097,800
Land market value
$4,321,200
Improvement market value
$10,097,800
Total market value
$14,419,000
Applied tax rate
21.0000
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
2022
Heating
NONE
Units
1
Lot
7.37 ac (321,007 SF)
Zoning code
M-2
APN
21 01500-0000-00013
UPID
US59-1492940
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
M-2 · West Caldwell, NJZoning M-2 · permitted uses
M-2 · West Caldwell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M-2 LIMITED INDUSTRY AND RESEARCH LABORATORY DISTRICT. § 20-14.1 Permitted Principal Uses. [ Ord. No. 890 § 20-14.1] a. Offices for executive, professional, scientific, engineering or administrative purposes; and b. Scientific, engineering or research laboratories devoted to research, design or processing and fabricating incidental thereto; and limited industry.
Zone name
Limited Industry Office Building And Research Laboratory
General category
INDUSTRIAL
Zone area
233.78 ac
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Units
1
Lot
7.37 ac
Current owner
From public records · entity-resolved
Ta Dedrick LLC
Entity
Mailing address
1 FEDERAL ST FL #17, BOSTON, MA 02110-2003
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
—
Ta Dedrick LLC
—
Deed
related
$51,000,000 · Farm Mutual Automobile Insurance Company
Nov 20, 2023
$63,700,000
Ta Dedrick LLC
5 Dedrick 2019 LLC
Deed
—
May 20, 2021
—
Dedrick 2019 LLC
—
Deed
related
$23,700,000 · Provident Bank
Dec 29, 2020
—
5 Dedrick 2019 LLC
5 Dedrick 2019 LLC
Quit Claim Deed
related
—
May 3, 2019
$9,950,000
5 Dedrick 2019 LLC
Ricoh USA INC
Grant Deed
$4,950,000 · Ricoh USA INC
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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