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Property profile & analytics
OFF-MARKET
Estimated value
$400,000
Medical Office Space
5605 Palisade Ave West New York, NJ 07093-2125
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-3113589
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Construction
BRICK
Total area
2,303 SF
Lot
0.06 ac (2,460 SF)
APN
12 00080-0000-00029
UPID
US59-3113589
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
-
North Jersey Laparoscopic Associates Weight Loss Service Surgeon
-
Lenny Ramirez DPM PC Physician
-
SportsMed Physical Therapy - West New York NJ Medical Clinic
-
New Jersey Pain & Rehab Group Medical Clinic
-
Hema Health East Medical Advance Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$400k
Owner & transaction history
5605 Properties LLC · 11 yrs held
5605 Properties LLC
since 2014
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 West New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West New York 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
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$400k
Range $360k – $440k · ±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
$174 / 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
$9,314
Tax year 2022
Assessed value
$120,000
Assessed 2023
Previous assessed
$120,000
+0.0% YoY
Effective rate
7.76%
On assessed value
Assessed land
$85,800
Assessed improvement
$34,200
Land market value
$85,800
Improvement market value
$34,200
Total market value
$120,000
Applied tax rate
12.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
2,303 SF
Lot
0.06 ac (2,460 SF)
APN
12 00080-0000-00029
UPID
US59-3113589
Jurisdiction
HUDSON
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
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
5605 Properties LLC
Entity
Mailing address
75 S DEAN ST, ENGLEWOOD, NJ 07631-3512
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
—
5605 Properties LLC
—
Deed
related
$470,000 · Spencer Savings Bank Sla
Aug 31, 2020
—
3605 Properties LLC
—
Deed
related
$500,000 · Mariners Bk
Sep 24, 2014
$450,000
5605 Properties LLC
Wellness Center Of Union City/wes
Grant Deed
—
Mar 28, 2012
$215,000
Wellness Ctr Of Uc Of Wny LLC
Elr Realty LLC
Grant Deed
—
Jul 12, 2004
—
Elr Realty LLC
—
Trustees Deed
related
$172,000 · Wachovia Bank NA
Jun 18, 2004
$215,000
Elr Realty LLC
Paris Embroidery Co INC
Grant Deed
—
—
—
Nicholas J Rentas
—
Deed Of Trust
related
$750,000 · Enterprise National Bank
—
—
Leo Eliat
—
Deed Of Trust
related
$30,000 · Provident Savings Bank
—
—
3605 Properties LLC
—
Deed Of Trust
related
$500,000 · Mariners 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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