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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Commercial real estate
754 Lexington Ave Kenilworth, NJ 07033-2063
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0534998
Property summary
AI-generated overview
This exceptional Kenilworth, NJ warehouse at 754B Lexington Ave (07033) offers 12-foot ceilings, a bonus storage room, two office spaces, a full bathroom, and built-in shelving. The heated space is perfect for various uses, including storage, light manufacturing, or distribution. Its strategic location near Route 22, the Garden State Parkway (GSP), and I-78 provides unparalleled access to major transportation arteries, ensuring seamless logistics and distribution. The property is zoned for light industrial use and features a single tenancy. The warehouse is well-maintained and designed to support business growth. This is a highly sought-after location in Union County, offering convenience for both employees and clients. The property's amenities are tailored to operational needs, maximizing efficiency and productivity. This versatile space presents a unique opportunity for businesses seeking a functional and conveniently located warehouse in a prime light industrial area of New Jersey. Don't miss this chance to enhance your business operations in this exceptional property.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
TYPE NOT SPECIFIED
Total area
4,258 SF
Lot
0.14 ac (5,998 SF)
APN
08 00161-0000-00007
UPID
US59-0534998
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
-
Citizens Global Cargo LLC Logistics Company
-
Martin Joe Metu auto ventures Car Dealership Shipping Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$752k
Blend (final)
Blend
$775k
Owner & transaction history
Okonkwo Real Estate LLC · 3 yrs held
Okonkwo Real Estate LLC
since 2022
Last sale
$685,000
5 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 Kenilworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenilworth 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
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,055,000
Current use
OFFICE BUILDING
$865,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $685k (Sep 29 2022)
Last sale anchor
$685k
Sep 29 2022
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
$182 / 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
$10,487
Tax year 2022
Assessed value
$196,100
Assessed 2023
Previous assessed
$196,100
+0.0% YoY
Effective rate
5.35%
On assessed value
Assessed land
$99,000
Assessed improvement
$97,100
Land market value
$99,000
Improvement market value
$97,100
Total market value
$196,100
Applied tax rate
8.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,258 SF
Lot
0.14 ac (5,998 SF)
APN
08 00161-0000-00007
UPID
US59-0534998
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA 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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$865,000
COMMERCIAL (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
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Okonkwo Real Estate LLC
Entity
Mailing address
754 LEXINGTON AVE, KENILWORTH, NJ 07033-2063
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
—
Oxonrwo Real Estate LLC
—
Deed
related
$513,750 · M & T Bank
Sep 29, 2022
$685,000
Okonkwo Real Estate LLC
754 Lexington Avenue LLC
Deed
—
Apr 12, 2022
—
Okonkwo Real Estate LLC Nj
—
Deed
related
$401,500 · Landmark Global Ventures LLC
Jul 2, 2014
$288,000
754 Lexington Avenue LLC
Joseph,paul R
Grant Deed
—
Feb 10, 2014
$158,469
Paul R Joseph
Jtj & Associates LLC
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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