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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Industrial properties
8 Henderson Dr West Caldwell, NJ 07006-6608
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1667354
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
CONCRETE BLOCKS
Lot
14.99 ac (652,964 SF)
Zoning code
M-2
APN
21 01500-0000-00006
UPID
US59-1667354
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
-
Vitaquest International Industrial Manufacturer Production Facility
-
Tikva Children's Home Charitable Organization
-
Vitaquest International LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Leknarf Associates LLC · 5 yrs held
Leknarf Associates LLC
since 2020
7 recorded transactions
Zoning & alternative use
M-2 · West Caldwell, 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 West Caldwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Caldwell 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
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
—
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
$472,247
Tax year 2022
Assessed value
$17,767,000
Assessed 2023
Previous assessed
$17,767,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$4,721,900
Assessed improvement
$13,045,100
Land market value
$4,721,900
Improvement market value
$13,045,100
Total market value
$17,767,000
Applied tax rate
21.0000
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
14.99 ac (652,964 SF)
Zoning code
M-2
APN
21 01500-0000-00006
UPID
US59-1667354
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
M-2 · West Caldwell, NJ
Zoning M-2 · permitted uses
M-2 · West Caldwell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Caldwell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
14.99 ac
Current owner
From public records · entity-resolved
Leknarf Associates LLC
Entity
Mailing address
100 LEHIGH DR, FAIRFIELD, NJ 07004-3013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2020
—
Leknarf Associates LLC
—
Deed
related
$22,000,000 · Bank Of America
Oct 7, 2014
—
Leknarf Associates LLC
—
Trustees Deed
related
$5,000,000 · Valley Nat'l Bk
Jun 23, 2006
—
Vitaquest International LLC
—
Deed Of Trust
related
$6,381,375 · Fonjoint LLC
Mar 21, 2005
—
Vitaquest International LLC
—
Deed Of Trust
related
$43,000,000 · Bank Of America
Apr 27, 2004
—
Leknarf Associates LLC
—
Deed Of Trust
related
$17,000,000 · Valley National Bank
—
—
Leknarf Associates LLC
—
Loan Modification
related
$14,769,379 · Valley National Bank
—
—
Leknarf Associates LLC
—
Deed Of Trust
related
$1,961,296 · Valley National Bank
—
—
Leknarf Associates LLC
—
Deed Of Trust
related
$22,000,000 · Bank Of America
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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