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Property profile & analytics
OFF-MARKET
Estimated value
$20,465,000
Industrial properties
50 Gray St 72 Paterson, NJ 07501-3502
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2056767
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
131,684 SF
Lot
1.6 ac (69,696 SF)
Zoning code
I-1
APN
08 06312-0000-00001
UPID
US59-2056767
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
by Request
CAP Approach
CAP
$23.04M
Comparable Approach
Comparable
$17.03M
Blend (final)
Blend
$20.47M
Owner & transaction history
Aceks Property Management LLC · 10 yrs held
Aceks Property Management LLC
since 2016
3 recorded transactions
Zoning & alternative use
I-1 · Paterson, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.2M
+0.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$24,955,000
6.5%
$23,035,000
7%
$21,390,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,245,000
Current use
OFFICE BUILDING
$24,245,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$20.47M
Range $18.42M – $22.51M · ±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
$155 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$75,266
Tax year 2023
Assessed value
$13,535,100
Assessed 2024
Previous assessed
$13,535,100
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$617,500
Assessed improvement
$12,917,600
Land market value
$617,500
Improvement market value
$12,917,600
Total market value
$13,535,100
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
Construction
BRICK
Heating
NONE
Stories
4
Total area
131,684 SF
Lot
1.6 ac (69,696 SF)
Zoning code
I-1
APN
08 06312-0000-00001
UPID
US59-2056767
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.2M
OFFICE BUILDING
Est. value
$24.2M
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
Construction
BRICK
Heating
NONE
Stories
4
Lot
1.6 ac
Current owner
From public records · entity-resolved
Aceks Property Management LLC
Entity
Mailing address
120 E 144TH ST, BRONX, NY 10451-5436
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2016
$6,500,000
Aceks Property Management LLC
Xpertal LLC
Trustees Deed
$5,200,000 · Bank Of America
Apr 6, 2004
—
Paterson Commons I Associates
Paterson Commons School Assoc
Quit Claim Deed
related
$1,500,000 · Wachovia Bank NA
Apr 29, 2003
—
X Pertal Lc
X Pertal Lc
Quit Claim Deed
related
—
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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