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Property profile & analytics
OFF-MARKET
Estimated value
$25,515,000
Industrial properties
66 Un Ave 96 East Rutherford, NJ 07073-2125
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1913075
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1969
Total area
110,915 SF
Lot
6.8 ac (296,208 SF)
APN
12 00106- 01-00002
UPID
US59-1913075
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
-
Marathon Enterprises Inc Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.16M
Comparable Approach
Comparable
$29.26M
Blend (final)
Blend
$25.52M
Owner & transaction history
Duke Realty Limited Partnership · 5 yrs held
Duke Realty Limited Partnership
since 2021
Last sale
$24.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$36.4M
+46.7%
Office building
$26.8M
+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 East Rutherford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Rutherford 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
$30,170,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,750,000
6.5%
$19,155,000
7%
$17,785,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,840,000
Current use
APARTMENT HOUSE (5+ UNITS)
$36,435,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$26,790,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,720,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$25.52M
Range $22.96M – $28.07M · ±10% · vs last sale $24.50M (Feb 26 2021)
Last sale anchor
$24.50M
Feb 26 2021
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
$230 / 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
$302,680
Tax year 2022
Assessed value
$19,287,900
Assessed 2023
Previous assessed
$19,287,900
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$11,016,000
Assessed improvement
$8,271,900
Land market value
$11,016,000
Improvement market value
$8,271,900
Total market value
$19,287,900
Applied tax rate
12.0000
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
Off-Market
Year built
1969
Heating
NONE
Units
1
Total area
110,915 SF
Lot
6.8 ac (296,208 SF)
APN
12 00106- 01-00002
UPID
US59-1913075
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
$24.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.4M
OFFICE BUILDING
Est. value
$26.8M
COMMERCIAL (GENERAL)
Est. value
$22.7M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (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
1969
Heating
NONE
Units
1
Lot
6.8 ac
Current owner
From public records · entity-resolved
Duke Realty Limited Partnership
Entity
Free & Clear · 5 yrs held
Mailing address
8711 RIV XING BLVD STE #500, INDIANAPOLIS, IN 46240-2177
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$24,500,000
Duke Realty Limited Partnership
Caravan Ingredients INC
Deed
—
Oct 22, 2012
—
Caravan Ingredients INC
Csm Bakery Products NA INC
Grant Deed
—
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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