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Property profile & analytics
FOR LEASE
Commercial real estate
85 Godwin Ave Midland Park, NJ 07432
Entity Owned
11-yr Hold
Free & Clear
Property ID
US59-2175675
For Lease
1 / 38
$26,810,000
85 Godwin Ave, Midland Park, NJ 07432
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Property summary
AI-generated overview
This exceptional retail opportunity presents 129,391 square feet of prime shopping center space in the thriving Midland Park, New Jersey market. Located at 85 Godwin Ave, 07432, this multi-tenant property boasts a total of five suites, offering flexible space options ranging from a minimum of 2,450 square feet to a maximum contiguous space of 5,475 square feet. Currently, there are six available spaces totaling 13,731 square feet, presenting a unique chance for expansion or new business ventures. The property features ample parking with 504 spaces, ensuring convenient access for customers and employees. Situated in Bergen County, this location benefits from strong demographics and high foot traffic, making it an ideal investment for businesses seeking a vibrant and accessible retail environment. The property is classified as a retail shopping center and offers a multitude of possibilities for various retail concepts. This is a rare opportunity to secure a significant presence in a desirable New Jersey market. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail property.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
129,119 SF
Lot
8.23 ac (358,499 SF)
APN
35 00003-0000-00011
UPID
US59-2175675
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
by Request
CAP Approach
CAP
$27.71M
Comparable Approach
Comparable
$34.61M
Blend (final)
Blend
$26.81M
Owner & transaction history
Ub Midland Park I LLC · 11 yrs held
Ub Midland Park I LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$42.4M
+12.2%
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 Midland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midland Park 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%
$30,020,000
6.5%
$27,710,000
7%
$25,730,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$37,800,000
Current use
APARTMENT HOUSE (5+ UNITS)
$42,415,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$31,190,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$26.81M
Range $24.13M – $29.49M · ±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
$208 / 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
$672,803
Tax year 2022
Assessed value
$20,688,900
Assessed 2023
Previous assessed
$20,688,900
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$10,863,600
Assessed improvement
$9,825,300
Land market value
$10,863,600
Improvement market value
$9,825,300
Total market value
$20,688,900
Applied tax rate
35.0000
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
For Lease
Year built
2000
Heating
NONE
Stories
1
Units
1
Total area
129,119 SF
Lot
8.23 ac (358,499 SF)
APN
35 00003-0000-00011
UPID
US59-2175675
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
COMMERCIAL (GENERAL) Current
Est. value
$37.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$42.4M
OFFICE BUILDING
Est. value
$31.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Year built
2000
Heating
NONE
Stories
1
Units
1
Lot
8.23 ac
Current owner
From public records · entity-resolved
Ub Midland Park I LLC
Entity
Free & Clear · 11 yrs held
Mailing address
321 RAILROAD AVE, GREENWICH, CT 06830-6389
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
—
Ub Midland Park LLC
—
Deed
related
$38,448,399 · Miscellaneous Ins Co
May 19, 2017
—
Kings Super Markets INC
—
Grant Deed
related
$175,000,000 · Acf Finco I LP
Dec 17, 2014
$43,700,000
Ub Midland Park I LLC
Midpark Hye Partners
Deed
—
—
—
Ub Midland Park I LLC
—
Deed Of Trust
related
$21,840,000 · Miscellaneous Ins Co
—
—
Ub Midland Park I LLC
—
Loan Modification
related
—
—
—
Ub Midland Park LLC
—
Loan Modification
related
$38,448,399 · Miscellaneous Ins Co
—
—
Brian T Murphy
—
Deed Of Trust
related
$55,800 · Real Estate Mortgage Network
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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