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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Industrial properties
550 Commerce St Franklin Lakes, NJ 07417-1310
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1994491
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Construction
CONCRETE BLOCKS
Lot
1.32 ac (57,673 SF)
Zoning code
I1
APN
20 01404-0000-00003- 01
UPID
US59-1994491
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
$3.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.88M
Owner & transaction history
Westwood Investments LLC · 3 yrs held
Westwood Investments LLC
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
I1 · Franklin Lakes, 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 Franklin Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin Lakes 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
$3,875,000
ML approach
$3,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $3.80M (May 1 2023)
Last sale anchor
$3.80M
May 1 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
$35,605
Tax year 2022
Assessed value
$2,111,800
Assessed 2023
Previous assessed
$2,111,800
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$794,400
Assessed improvement
$1,317,400
Land market value
$794,400
Improvement market value
$1,317,400
Total market value
$2,111,800
Applied tax rate
20.0000
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
1982
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.32 ac (57,673 SF)
Zoning code
I1
APN
20 01404-0000-00003- 01
UPID
US59-1994491
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I1 · Franklin Lakes, NJZoning I1 · permitted uses
I1 · Franklin Lakes, NJ
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
1982
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Westwood Investments LLC
Entity
Mailing address
550 COMMERCE ST, FRANKLIN LAKES, NJ 07417-1310
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
$3,800,000
Westwood Investments LLC
Prestige Foodservice LLC
Deed
—
May 5, 2022
$3,800,000
Westwood Investment LLC
Prestige Foodservice LLC
Deed
$2,760,000 · Columbia Bank
Jul 12, 2018
—
Prestige Foodservice LLC
—
Deed
related
$2,387,000 · Provident Bk
May 16, 2008
$2,394,330
Prestige Foodservice LLC
Tajima America Corp
Grant Deed
$1,800,000 · Citibank NA
—
—
Prestige Foodservice LLC
—
Deed Of Trust
related
$1,750,000 · Sovereign Bank
—
—
Prestige Foodservice LLC
—
Deed Of Trust
related
$1,270,000 · New Jersey Business Fin Co
—
—
Prestige Foodservice LLC
—
Deed Of Trust
related
$2,387,000 · Provident 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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