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Property profile & analytics
FOR LEASE
Commercial real estate
619 River Dr Elmwood Park, NJ 07407
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1629894
For Lease
1 / 2
$10,310,000
619 River Dr, Elmwood Park, NJ 07407
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1992
Construction
METAL FRAME
Total area
102,540 SF
Lot
4.09 ac (178,160 SF)
APN
11 01019-0000-00018- 01
UPID
US59-1629894
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
-
Veneers Cost NJ Dental Office
-
Comprehensive Medical Evltns Medical Clinic
-
Dr. Hadley H. Phillips, DO Ophthalmologist
-
Phillips Eye Center: Battaglia Joanne MD Ophthalmologist
-
Dr. Jacqueline E. Gabay, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.31M
Blend (final)
Blend
$10.31M
Owner & transaction history
Staghorn Realty LLC · 2 yrs held
Staghorn Realty LLC
since 2023
Last sale
$10.2M
4 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 Elmwood Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmwood Park 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
$10,885,000
ML approach
$10,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.31M
Range $9.28M – $11.34M · ±10% · vs last sale $10.15M (Oct 20 2023)
Last sale anchor
$10.15M
Oct 20 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
$101 / 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
$240,960
Tax year 2022
Assessed value
$8,000,000
Assessed 2023
Previous assessed
$8,000,000
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$2,208,600
Assessed improvement
$5,791,400
Land market value
$2,208,600
Improvement market value
$5,791,400
Total market value
$8,000,000
Applied tax rate
11.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1992
Construction
METAL FRAME
Heating
NONE
Stories
4
Total area
102,540 SF
Lot
4.09 ac (178,160 SF)
APN
11 01019-0000-00018- 01
UPID
US59-1629894
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
1992
Construction
METAL FRAME
Heating
NONE
Stories
4
Lot
4.09 ac
Current owner
From public records · entity-resolved
Staghorn Realty LLC
Entity
Mailing address
200 SHEFFIELD ST, MOUNTAINSIDE, NJ 07092-2314
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Staghorn Realty LLC
—
Deed
related
$3,000,000 · Peapack Private Bank And Trust
Oct 20, 2023
$10,150,000
Staghorn Realty LLC
Ef Sbc 2016 1 Reo 232682 LLC
Bargain And Sale Deed
$5,100,000 · Peapack Gladstone Bank
Apr 17, 2017
—
Ef Sbc 2016-1 Reo 232682 LLC
Lkd-i LLC
Deed In Lieu Of Foreclosure
—
—
—
Lkd-i LLC
—
Deed Of Trust
related
$12,300,000 · Pnc Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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