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Property profile & analytics
OFF-MARKET
Estimated value
$10,120,000
Industrial properties
70 Demarest Dr Wayne, NJ 07470-6702
Entity Owned
17-yr Hold
Free & Clear
Property ID
US59-0679398
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
80,367 SF
Lot
8 ac (348,480 SF)
APN
14 00302-0000-00021
UPID
US59-0679398
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
-
Electronics Expo Electronics & Wireless Store
-
Alliance Corporation Electronics & Wireless Store
-
Alliance Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.88M
Comparable Approach
Comparable
$6.94M
Blend (final)
Blend
$10.12M
Owner & transaction history
Demarest Properties LLC · 17 yrs held
Demarest Properties LLC
since 2009
6 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 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%
$15,035,000
6.5%
$13,880,000
7%
$12,885,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,865,000
Current use
OFFICE BUILDING
$13,710,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$10.12M
Range $9.11M – $11.13M · ±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
$126 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$546,755
Tax year 2023
Assessed value
$6,444,700
Assessed 2024
Previous assessed
$9,562,000
-32.6% YoY
Effective rate
8.48%
On assessed value
Assessed land
$1,440,000
Assessed improvement
$5,004,700
Land market value
$1,440,000
Improvement market value
$5,004,700
Total market value
$6,444,700
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
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
Heating
NONE
Total area
80,367 SF
Lot
8 ac (348,480 SF)
APN
14 00302-0000-00021
UPID
US59-0679398
Jurisdiction
PASSAIC
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
$13.9M
OFFICE BUILDING
Est. value
$13.7M
INDUSTRIAL (GENERAL) Current
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
Lot
8 ac
Current owner
From public records · entity-resolved
Demarest Properties LLC
Entity
Free & Clear · 17 yrs held
Mailing address
2 GARDNER RD, FAIRFIELD, NJ 07004-2206
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
—
Demarest Properties LLC
—
Deed
related
$9,000,000 · Lakeland Bank
Apr 22, 2009
$4,740,000
Demarest Properties LLC
Wachovia Bank NA
Grant Deed
—
Sep 22, 2008
—
Wachovia Bank NA
Sheriff Of Passaic County
Trustees Deed
related
—
Jun 27, 2005
—
Hoboken Wood Flooring LLC
—
Deed Of Trust
related
$89,000,000 · Wachovia Bank NA
Mar 17, 1988
$5,215,440
Hoboken Wood Flooring Corp
Unknown
Grant Deed
—
—
—
Hoboken Wood Flooring Corp
—
Deed Of Trust
related
$7,687,500 · First Savings 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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