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Property profile & analytics
OFF-MARKET
Industrial properties
89 Riv Rd Nutley, NJ 07110-3513
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US59-3139196
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1948
Lot
0.18 ac (8,002 SF)
Zoning code
B-4
APN
16 09701-0000-00006
UPID
US59-3139196
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
-
Mga Iron Works Llc. Metal Fabrication Plant Factory
-
D & C Architectural Glass - Metal LLC Hardware & Home Improvement Home Decor Store
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
Kenneth J Nicosia · 21 yrs held
Kenneth J Nicosia
since 2004
1 recorded transaction
Zoning & alternative use
B-4 · Nutley, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Permitted uses in B-4 Zoning District. The following uses and buildings shall be permitted in B-4 District: Neighborhood retail stores and personal and household service establishments, as defined in Article III . No loading or unloading across any sidewalk is permitted. No crating, outdoor display and/or outdoor sales are permitted, except that occasional o…
Zone name
General Business
General category
COMMERCIAL
Zone area
27.53 ac
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 Nutley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nutley 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,508
Tax year 2022
Assessed value
$439,100
Assessed 2023
Previous assessed
$194,300
+126.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$272,100
Assessed improvement
$167,000
Land market value
$272,100
Improvement market value
$167,000
Total market value
$439,100
Applied tax rate
16.0000
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
1948
Heating
NONE
Units
1
Lot
0.18 ac (8,002 SF)
Zoning code
B-4
APN
16 09701-0000-00006
UPID
US59-3139196
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-4 · Nutley, NJZoning B-4 · permitted uses
B-4 · Nutley, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Permitted uses in B-4 Zoning District. The following uses and buildings shall be permitted in B-4 District: Neighborhood retail stores and personal and household service establishments, as defined in Article III . No loading or unloading across any sidewalk is permitted. No crating, outdoor display and/or outdoor sales are permitted, except that occasional outdoor sales may be held as provided by Ordinance No. 1845. [1] [1]
Zone name
General Business
General category
COMMERCIAL
Zone area
27.53 ac
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Kenneth J Nicosia
Individual
Mailing address
77 PERSHING BLVD, LAVALLETTE, NJ 08735-2832
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2004
$190,000
Kenneth J Nicosia
Rockwell 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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