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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Industrial properties
535 Walnut St Norwood, NJ 07648-1318
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1106901
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
TYPE NOT SPECIFIED
Lot
2.23 ac (97,139 SF)
APN
41 00088-0000-00009
UPID
US59-1106901
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
-
Carousel Early Learning Center High School Daycare Center
-
New Day Program by New Beginning for Special Needs Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Norwest LLC · 21 yrs held
Norwest LLC
since 2005
7 recorded transactions
Zoning & alternative use
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 Norwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwood 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
—
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
$95,608
Tax year 2022
Assessed value
$3,700,000
Assessed 2023
Previous assessed
$3,700,000
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$643,500
Assessed improvement
$3,056,500
Land market value
$643,500
Improvement market value
$3,056,500
Total market value
$3,700,000
Applied tax rate
41.0000
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
1960
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.23 ac (97,139 SF)
APN
41 00088-0000-00009
UPID
US59-1106901
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
Building & site characteristics
From public records
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Norwest LLC
Entity
Mailing address
807 SW ST JILLIAN CT FPO AA 34086, 34086
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
—
Norwest LLC
—
Deed
related
$5,000,000 · Financial Resources FCU
Jan 6, 2021
—
Norwest LLC
—
Deed
related
$7,100,000 · First Hope Bk
Apr 8, 2019
—
Norwest
—
Deed
related
—
Sep 25, 2017
—
Norwest
—
Deed
related
$5,507,371 · First Hope Bk
Sep 26, 2014
—
Norwest
—
Loan Modification
related
$6,115,367 · First Hope Bk
May 24, 2013
—
Norwest
—
Loan Modification
related
$7,049,351 · First Hope Bank
Jun 1, 2005
$100
Norwest LLC
535 Walnut Street LLC
Grant Deed
related
$5,800,000 · Grand Pacific Financing Corp
Dec 22, 2004
—
535 Walnut Street LLC
—
Trustees Deed
related
$600,000 · Robert C & Marie C Selser
Nov 18, 1998
$226,000
Bozidar Saranovic
Lambasa,jere & Mira
Grant Deed
$216,974 · Bank Of America Fsb
Jun 28, 1995
$950,826
Howard Brock
Ptnr 535
Grant Deed
—
May 30, 1995
$950,826
Howard Brock
Partner 535
Grant Deed
—
—
—
Norwest LLC
—
Deed Of Trust
related
$175,000 · First Hope Bank
—
—
Norwest
—
Deed Of Trust
related
—
—
—
Norwest
—
Loan Modification
related
—
—
—
Norwest
—
Deed Of Trust
related
$50,000 · First Hope Bk
—
—
Norwest
—
Loan Modification
related
—
—
—
Norwest
—
Loan Modification
related
$5,507,371 · First Hope Bk
—
—
Norwest LLC
—
Loan Modification
related
$7,100,000 · First Hope Bk
—
—
Norwest LLC
—
Deed Of Trust
related
$600,000 · Robert C & Marie C Selser
—
—
Norwest LLC
—
Deed Of Trust
related
$192,503 · Vannatta Mechanical Corp
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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