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Property profile & analytics
OFF-MARKET
Estimated value
$10,245,000
Industrial properties
734 Grand Ave Ridgefield, NJ 07657-1041
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-0941752
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
70,492 SF
Lot
1.66 ac (72,179 SF)
APN
49 01101-0000-00001
UPID
US59-0941752
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.26M
CAP Approach
CAP
$12.18M
Comparable Approach
Comparable
$13.18M
Blend (final)
Blend
$10.25M
Owner & transaction history
734 Grand Spe LLC · 5 yrs held
734 Grand Spe LLC
since 2021
Last sale
$8.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.0M
+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 Ridgefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgefield 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
$9,850,000
ML approach
$10,260,000
CAP Approach
CAP Return
Estimation
6%
$13,185,000
6.5%
$12,175,000
7%
$11,305,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,785,000
Current use
OFFICE BUILDING
$17,025,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$10.25M
Range $9.22M – $11.27M · ±10% · vs last sale $8.00M (Apr 19 2021)
Last sale anchor
$8.00M
Apr 19 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
$145 / 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
$137,244
Tax year 2022
Assessed value
$8,851,800
Assessed 2023
Previous assessed
$8,851,800
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,220,200
Assessed improvement
$7,631,600
Land market value
$1,220,200
Improvement market value
$7,631,600
Total market value
$8,851,800
Applied tax rate
49.0000
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
Construction
BRICK
Heating
NONE
Stories
2
Total area
70,492 SF
Lot
1.66 ac (72,179 SF)
APN
49 01101-0000-00001
UPID
US59-0941752
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
$15.8M
OFFICE BUILDING
Est. value
$17.0M
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
Construction
BRICK
Heating
NONE
Stories
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
734 Grand Spe LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7501 WISCONSIN AVE STE 1300W, BETHESDA, MD 20814-6569
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
$8,000,000
734 Grand Spe LLC
734 Grand Avenue LLC
Deed
—
Apr 19, 2021
—
734 Grand Avenue LLC
Bonanno Real Estate Group II LP
Correction Deed
related
—
Dec 19, 2017
—
734 Grand Avenue LLC
Bonanno R/e Group II LP
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.
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