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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Turn key restaurants
6-02 Berdan Ave Fair Lawn, NJ 07410-1128
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1854349
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Total area
1,476 SF
Lot
0.17 ac (7,501 SF)
Zoning code
B-5
APN
17 05506-0000-00073
UPID
US59-1854349
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
-
Ray's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Raymor & Family LLC · 3 yrs held
Raymor & Family LLC
since 2022
Last sale
$875,000
3 recorded transactions
Zoning & alternative use
B-5 · Fair Lawn, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
5-3 Inclusionary Townhouse Residential. § 125-23 R-6 Inclusionary Multifamily Residential. § 125-24 B-1 Restricted Business, B-2 General Business and B-3 Business Zones. § 125-25 B-4 - River Road Business Zone. § 125-26 B-5 River Road Business Zone. § 125-27 OBS-1 Office and Business Service Zone. § 125-28 I-1 Restricted Industrial Zone, I-2, and I-2-ER Gene…
Zone name
River Road Business
General category
COMMERCIAL
Zone area
5.75 ac
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 Fair Lawn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fair Lawn 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
$970,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $875k (Dec 8 2022)
Last sale anchor
$875k
Dec 8 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
$623 / 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
$19,630
Tax year 2022
Assessed value
$550,000
Assessed 2023
Previous assessed
$550,000
+0.0% YoY
Effective rate
3.57%
On assessed value
Assessed land
$375,000
Assessed improvement
$175,000
Land market value
$375,000
Improvement market value
$175,000
Total market value
$550,000
Applied tax rate
17.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1980
Heating
NONE
Units
1
Total area
1,476 SF
Lot
0.17 ac (7,501 SF)
Zoning code
B-5
APN
17 05506-0000-00073
UPID
US59-1854349
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-5 · Fair Lawn, NJZoning B-5 · permitted uses
B-5 · Fair Lawn, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
5-3 Inclusionary Townhouse Residential. § 125-23 R-6 Inclusionary Multifamily Residential. § 125-24 B-1 Restricted Business, B-2 General Business and B-3 Business Zones. § 125-25 B-4 - River Road Business Zone. § 125-26 B-5 River Road Business Zone. § 125-27 OBS-1 Office and Business Service Zone. § 125-28 I-1 Restricted Industrial Zone, I-2, and I-2-ER General Industrial Zone. § 125-29 CA Commercial Antenna Zone. § 125-30 CR Combined Resi
Zone name
River Road Business
General category
COMMERCIAL
Zone area
5.75 ac
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Raymor & Family LLC
Entity
Mailing address
6-02 BERDAN AVE, FAIR LAWN, NJ 07410-1128
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
$875,000
Raymor & Family LLC
Kays Tawfik Berdan Ave LLC
Deed
$475,000 · Wells Fargo Bank NA
Sep 6, 2016
—
Kays Tawfik Berdan Ave LLC
Tawfik,kareem & Amir
Quit Claim Deed
related
—
May 21, 2013
—
Amir Tawfik
Tawfik,zienat
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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