Back to Search
Property profile & analytics
FOR LEASE
Industrial properties
620 Gotham Pkwy Carlstadt, NJ 07072
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-2565181
For Lease
1 / 2
$6,435,000
620 Gotham Pkwy, Carlstadt, NJ 07072
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
29,960 SF
Lot
1.9 ac (82,764 SF)
APN
05 00123- 01-00019-0000-HM
UPID
US59-2565181
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
-
Re-Tron Technologies Industrial Manufacturer Production Facility
-
Re-Tron Technologies, Inc. Big Box & Wholesale Store
-
Protek Products Chemical Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.85M
CAP Approach
CAP
$5.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.44M
Owner & transaction history
Atlantic Oliver III 620 Gotham Park · 1 yrs held
Atlantic Oliver III 620 Gotham Park
since 2025
Last sale
$7.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.8M
+30.6%
Commercial (general)
$8.8M
+16.4%
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 Carlstadt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlstadt 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
$5,730,000
ML approach
$5,845,000
CAP Approach
CAP Return
Estimation
6%
$5,605,000
6.5%
$5,175,000
7%
$4,805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,540,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,840,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,770,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$7,235,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$6.44M
Range $5.79M – $7.08M · ±10% · vs last sale $7.71M (May 15 2025)
Last sale anchor
$7.71M
May 15 2025
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
$215 / 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
$82,121
Tax year 2022
Assessed value
$5,318,500
Assessed 2023
Previous assessed
$5,318,500
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$1,045,000
Assessed improvement
$4,273,500
Land market value
$1,045,000
Improvement market value
$4,273,500
Total market value
$5,318,500
Applied tax rate
5.0000
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
For Lease
Heating
NONE
Stories
1
Units
1
Total area
29,960 SF
Lot
1.9 ac (82,764 SF)
APN
05 00123- 01-00019-0000-HM
UPID
US59-2565181
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
$7.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.2M
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
Stories
1
Units
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Atlantic Oliver III 620 Gotham Park
Individual
Free & Clear · 1 yrs held
Mailing address
1412 MAIN ST STE #1500, DALLAS, TX 75202-4801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 15, 2025
$7,709,000
Atlantic Oliver III 620 Gotham Park
Colfin 2018 7 Industrial Owner LLC
Deed
—
Mar 24, 2022
—
Colfin 2018 7 Industrial Owner LLC
—
Deed
related
$263,000,000 · Citi Real Estate Funding INC
Jan 14, 2020
—
Colfin 2018-7 Indl Owner LLC
—
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
