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Property profile & analytics
OFF-MARKET
Office Spaces
870 Palisade Ave 11 Teaneck, NJ 07666-3419
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0602547
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1989
Total area
1,378 SF
Lot
0.15 ac (6,499 SF)
Zoning code
B2
APN
60 02603-0000-00015-0000-C0011
UPID
US59-0602547
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
-
Harris R Sterman MD Physician Medical Clinic
-
Conn Michael J MD Physician Medical Clinic
-
Weinstein David D.M.D. Dental Office
-
The Dentists, LLC Dental Office
-
Dr. Georgette Bennardo-Meggelin, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sgr LLC · 15 yrs held
Sgr LLC
since 2010
4 recorded transactions
Zoning & alternative use
B2 · Teaneck, 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 Teaneck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Teaneck 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,361
Tax year 2023
Assessed value
$489,800
Assessed 2024
Previous assessed
$489,800
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$247,500
Assessed improvement
$242,300
Land market value
$247,500
Improvement market value
$242,300
Total market value
$489,800
Applied tax rate
60.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1989
Heating
NONE
Total area
1,378 SF
Lot
0.15 ac (6,499 SF)
Zoning code
B2
APN
60 02603-0000-00015-0000-C0011
UPID
US59-0602547
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B2 · Teaneck, NJ
Zoning B2 · permitted uses
B2 · Teaneck, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Teaneck. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Sgr LLC
Entity
Free & Clear · 15 yrs held
Mailing address
6 SPRUCE HOLW RD, UPPER SADDLE RIVER, NJ 07458-1941
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2010
$300,000
Sgr LLC
Faf Properties LLC
Grant Deed
—
—
—
Pedimedica Realty Associates
—
Deed Of Trust
related
$650,000 · Community Bank Bergen County
—
—
Pedimedica Realty Associates
—
Deed Of Trust
related
$650,000 · Community Bk/bergen
—
—
Pedimedica Realty Associates
—
Deed Of Trust
related
$600,000 · Community Bk/bergen
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.
Try Rey
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