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Property profile & analytics
OFF-MARKET
Estimated value
$14,005,000
Office buildings
65 Willowbrook Blvd Wayne, NJ 07470-7007
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2743124
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
126,144 SF
Lot
5.26 ac (229,213 SF)
Zoning code
RR
APN
14 00210-0000-00011
UPID
US59-2743124
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
-
Sano Investments Financial Advisor
-
WTA Global Inc Trucking Company
-
Scott Yagoda Law Office Law Firm
-
Centerline Servicing Business Management Consultant
-
Vanpalmer Group the LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.72M
Blend (final)
Blend
$14.01M
Owner & transaction history
65 Willowbrook LLC · 2 yrs held
65 Willowbrook LLC
since 2023
7 recorded transactions
Zoning & alternative use
RR · Wayne, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$21.8M
+1.1%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$21,520,000
Current use
INDUSTRIAL (GENERAL)
$21,765,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$14.01M
Range $12.60M – $15.41M · ±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
$111 / 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
$185,169
Tax year 2022
Assessed value
$3,275,000
Assessed 2023
Previous assessed
$3,275,000
+0.0% YoY
Effective rate
5.65%
On assessed value
Assessed land
$1,079,800
Assessed improvement
$2,195,200
Land market value
$1,079,800
Improvement market value
$2,195,200
Total market value
$3,275,000
Applied tax rate
14.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Total area
126,144 SF
Lot
5.26 ac (229,213 SF)
Zoning code
RR
APN
14 00210-0000-00011
UPID
US59-2743124
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
RR · Wayne, NJ
Zoning RR · permitted uses
RR · Wayne, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$21.5M
INDUSTRIAL (GENERAL)
Est. value
$21.8M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
Year built
1982
Heating
NONE
Lot
5.26 ac
Current owner
From public records · entity-resolved
65 Willowbrook LLC
Entity
Mailing address
315 TRENSCH DR, NEW MILFORD, NJ 07646-1113
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
$8,218,326
65 Willowbrook LLC
Joseph Heimann
Sheriffs Deed
related
—
Dec 31, 2020
—
Ld Acquisition Company 19 LLC
—
Deed
related
$277,500,000 · Whitney Bank
Dec 16, 2019
$6,400,000
Willowbrook Suites LLC
65 Willowbrook LLC
Grant Deed
$5,400,000 · 65 Willowbrook LLC
Apr 13, 2017
—
65 Willowbrook LLC
Babb LLC
Grant Deed
—
Oct 13, 2010
$5,500,000
Babb LLC
Wells Fargo Bk NA
Grant Deed
—
Oct 23, 2009
—
Banc Of America Coml 2002-2
Sheriff Of Passaic County
Trustees Deed
related
—
Jul 30, 2002
$13,465,000
Ey Partners LLC
Passaic Investment LLC
Grant Deed
$11,325,000 · Bank Of America
Jun 11, 2002
—
Passaic Investment LLC
—
Deed Of Trust
related
$7,819,795 · Fleet National 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.
Try Rey
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