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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Industrial properties
5 Tuxedo Ave Hawthorne, NJ 07506
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1578377
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1908
Lot
0.16 ac (7,000 SF)
Zoning code
R-3
APN
04 00031-0000-00005
UPID
US59-1578377
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
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
The Thing Property LLC · 5 yrs held
The Thing Property LLC
since 2021
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
R-3 · Hawthorne, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Development shall be subject to the zone regulations of the R-3 Zone. F. Residential development shall be subject to an affordable housing set-aside of 15% of the total number of units for rental housing and 20% of all residential units if units are developed for sale and shall be further subject to all requirements as provided for under Article XXIV , Affor…
Zone name
Apartment Medium Density
General category
RESIDENTIAL
Zone area
32.64 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 Hawthorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hawthorne 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
$1,440,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.15M (Jul 14 2021)
Last sale anchor
$1.15M
Jul 14 2021
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
$7,089
Tax year 2022
Assessed value
$240,300
Assessed 2023
Previous assessed
$240,300
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$141,600
Assessed improvement
$98,700
Land market value
$141,600
Improvement market value
$98,700
Total market value
$240,300
Applied tax rate
4.0000
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
1908
Heating
NONE
Lot
0.16 ac (7,000 SF)
Zoning code
R-3
APN
04 00031-0000-00005
UPID
US59-1578377
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Hawthorne, NJZoning R-3 · permitted uses
R-3 · Hawthorne, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Development shall be subject to the zone regulations of the R-3 Zone. F. Residential development shall be subject to an affordable housing set-aside of 15% of the total number of units for rental housing and 20% of all residential units if units are developed for sale and shall be further subject to all requirements as provided for under Article XXIV , Affordable Housing.
Zone name
Apartment Medium Density
General category
RESIDENTIAL
Zone area
32.64 ac
Building & site characteristics
From public records
Year built
1908
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
The Thing Property LLC
Entity
Mailing address
2 LLEWELLYN AVE, HAWTHORNE, NJ 07506-1906
Ownership since
2021
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
Jul 14, 2021
$1,150,000
The Thing Property LLC
246 Llewellyn Ave LLC
Bargain And Sale Deed
$805,000 · Jpmorgan Chase Bank NA
Jun 25, 2020
$600,000
246 Llewellyn Ave LLC
Precision Products Co
Grant Deed
$450,000 · Columbia 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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