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Property profile & analytics
OFF-MARKET
Industrial properties
688 Prospect Ave Fairview, NJ 07022-1523
Entity Owned
10-yr Hold
Free & Clear
Property ID
US59-0056676
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1948
Construction
CONCRETE BLOCKS
Lot
0.16 ac (7,048 SF)
Zoning code
I
APN
18 00810-0000-00003
UPID
US59-0056676
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
-
Cliffside Park Public Works Public Works Department Paving Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
New Jersey Department Of Env Prot · 10 yrs held
New Jersey Department Of Env Prot
since 2016
4 recorded transactions
Zoning & alternative use
I · Fairview, NJ
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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$56,837
Tax year 2022
Assessed value
$2,672,500
Assessed 2023
Previous assessed
$2,672,500
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$292,500
Assessed improvement
$2,380,000
Land market value
$292,500
Improvement market value
$2,380,000
Total market value
$2,672,500
Applied tax rate
18.0000
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
1948
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.16 ac (7,048 SF)
Zoning code
I
APN
18 00810-0000-00003
UPID
US59-0056676
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Fairview, NJZoning I · permitted uses
I · Fairview, NJ
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
1948
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
New Jersey Department Of Env Prot
Entity
Free & Clear · 10 yrs held
Mailing address
525 PALISADE AVE, CLIFFSIDE PARK, NJ 07010-2914
Ownership since
2016
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 9, 2016
—
New Jersey Department Of Env Prot
Borough Of Cliffside Park
Grant Deed
related
—
Jun 26, 2007
$1,275,000
Pedigree Holding Group LLC
M C R Realty LLC
Grant Deed
$1,020,000 · North Jersey Community Bank
Mar 17, 1997
$825,000
Mcr Realty LLC
Rahner,cecilia
Grant Deed
$660,000 · Summit Bank
—
—
Mcr Realty LLC
—
Deed Of Trust
related
$100,000 · Pedigree Holding Group LLC
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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