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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Industrial properties
77 Forrest St Jersey City, NJ 07304-3207
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-2114574
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
6,935 SF
Lot
0.17 ac (7,500 SF)
APN
06 21502-0000-00001
UPID
US59-2114574
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
-
Cavallone J Realty Real Estate Agency
-
Vision Tours Corporation. Travel Agency
-
Hamer Wood, Inc. Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.71M
Owner & transaction history
101 Storms Ave Iw LLC · 2 yrs held
101 Storms Ave Iw LLC
since 2023
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+28.4%
Apartment house (5+ units)
$1.8M
+20.2%
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 Jersey City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey City 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
$2,100,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,200,000
7%
$1,110,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,470,000
Current use
COMMERCIAL (GENERAL)
$1,890,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,770,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.75M (Aug 23 2023)
Last sale anchor
$1.75M
Aug 23 2023
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
$247 / 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
$16,203
Tax year 2022
Assessed value
$765,000
Assessed 2023
Previous assessed
$765,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$299,900
Assessed improvement
$465,100
Land market value
$299,900
Improvement market value
$465,100
Total market value
$765,000
Applied tax rate
6.0000
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
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
6,935 SF
Lot
0.17 ac (7,500 SF)
APN
06 21502-0000-00001
UPID
US59-2114574
Jurisdiction
HUDSON
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
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
101 Storms Ave Iw LLC
Entity
Free & Clear · 2 yrs held
Mailing address
82 GARFIELD AVE, JERSEY CITY, NJ 07305-2455
Ownership since
2023
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
Dec 1, 2023
—
Rest St LLC
—
Deed
related
$1,237,000 · First Bank
Aug 23, 2023
—
101 Storms Ave Iw LLC
Israel Wieder
Deed
—
Aug 23, 2023
$1,750,000
77 Rest St LLC
101 Storms Ave Iw LLC
Deed
$750,000 · 10 Storms Ave 1w LLC
Apr 21, 2021
—
77 Forrest Group LLC
—
Deed
related
$1,100,000 · Other Institutional Lenders
Mar 5, 2019
$1,100,000
Israel Wieder
Cavallone,vincent J
Grant Deed
$990,000 · Vincent Cavallone
—
—
77 Forrest Group LLC
—
Loan Modification
related
$1,100,000 · Other Institutional Lenders
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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