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Property profile & analytics
FOR LEASE
Industrial properties
6 Pearl Ct Allendale, NJ 07401-1655
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-3007823
For Lease
1 / 2
$21,700,000
6 Pearl Ct, Allendale, NJ 07401-1655
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
99,832 SF
Lot
10.39 ac (452,588 SF)
APN
01 00601-0000-00006
UPID
US59-3007823
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
-
Bio Sil Technologies Inc Chemical Plant
-
Villa & House New Jersey Office & Warehouse (originally known as Bungalow 5) Big Box & Wholesale Store Furniture & Home Goods
-
Audi learning center Corporate Office
-
Bandai America Corporate Office
-
Interchem Warehouse Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$21.70M
CAP Approach
CAP
$17.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.70M
Owner & transaction history
Fivf III Nj3 LLC · 2 yrs held
Fivf III Nj3 LLC
since 2024
Last sale
$21.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$32.8M
+46.7%
Commercial (general)
$29.2M
+30.7%
Office building
$24.1M
+7.9%
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 Allendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allendale 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
$21,700,000
ML approach
$21,700,000
CAP Approach
CAP Return
Estimation
6%
$18,675,000
6.5%
$17,240,000
7%
$16,010,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,360,000
Current use
APARTMENT HOUSE (5+ UNITS)
$32,795,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$29,230,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$24,115,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$21.70M
Range $19.53M – $23.87M · ±10% · vs last sale $21.70M (Feb 21 2024)
Last sale anchor
$21.70M
Feb 21 2024
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
$217 / 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
$415,022
Tax year 2022
Assessed value
$19,925,800
Assessed 2023
Previous assessed
$19,925,800
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$3,308,100
Assessed improvement
$16,617,700
Land market value
$3,308,100
Improvement market value
$16,617,700
Total market value
$19,925,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
For Lease
Heating
NONE
Total area
99,832 SF
Lot
10.39 ac (452,588 SF)
APN
01 00601-0000-00006
UPID
US59-3007823
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$22.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.8M
COMMERCIAL (GENERAL)
Est. value
$29.2M
OFFICE BUILDING
Est. value
$24.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
Heating
NONE
Lot
10.39 ac
Current owner
From public records · entity-resolved
Fivf III Nj3 LLC
Entity
Mailing address
111 RIV ST, MONTCLAIR, NJ
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
$21,698,624
Fivf III Nj3 LLC
Allendale Property LLC
Deed
$500,000 · New York Life Insurance Company
Aug 13, 2018
$50,550,000
Allendale Property LLC
Pearl Court Investors LLC
Trustees Deed
$34,500,000 · Citizens Bk/pa
Apr 8, 2008
$25,977,686
Pearl Court Investors LLC
Fr Allendale LLC
Grant Deed
—
—
—
Pearl Court Investors LLC
—
Deed Of Trust
related
$6,977,630 · Aviva Life & Annuity Co
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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