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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Industrial properties
532 Leeds Ave 44 Pleasantville, NJ 08232-1226
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1206643
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Construction
METAL FRAME
Total area
4,800 SF
Lot
2.43 ac (105,999 SF)
Zoning code
UEZI
APN
19 00200-0000-00040
UPID
US59-1206643
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
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$690k
Owner & transaction history
532 W Leeds Ave S LLC · 4 yrs held
532 W Leeds Ave S LLC
since 2022
Last sale
$620,000
5 recorded transactions
Zoning & alternative use
UEZI · Pleasantville, 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 Pleasantville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pleasantville 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
$745,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$490,000
Current use
COMMERCIAL (GENERAL)
$435,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $620k (May 27 2022)
Last sale anchor
$620k
May 27 2022
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
$144 / 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
$19,264
Tax year 2022
Assessed value
$390,200
Assessed 2023
Previous assessed
$390,200
+0.0% YoY
Effective rate
4.94%
On assessed value
Assessed land
$140,300
Assessed improvement
$249,900
Land market value
$140,300
Improvement market value
$249,900
Total market value
$390,200
Applied tax rate
19.0000
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
1975
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
4,800 SF
Lot
2.43 ac (105,999 SF)
Zoning code
UEZI
APN
19 00200-0000-00040
UPID
US59-1206643
Jurisdiction
ATLANTIC
Zoning & alternative use
UEZI · Pleasantville, NJ
Zoning UEZI · permitted uses
UEZI · Pleasantville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pleasantville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$435,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1975
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
532 W Leeds Ave S LLC
Entity
Mailing address
22 IRENE CT, LAKEWOOD, NJ 08701-2988
Ownership since
2022
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
Mar 12, 2024
—
532 West Leeds Ave S LLC
—
Deed
related
$450,000 · Jrm Capital Partners LLC
May 27, 2022
$620,000
532 W Leeds Ave S LLC
Adamson Street LLC
Bargain And Sale Deed
—
Mar 1, 2022
$495,000
Adamson Street LLC
Lawrence E Pecan
Deed
—
Mar 23, 2006
$450,000
Larry E Pecan
Waco Equipment
Grant Deed
—
—
—
Larry E Pecan
—
Deed Of Trust
related
$100,000 · Commerce Bank NA
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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