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Property profile & analytics
FOR SALE
Industrial properties
890 Paterson Plank Rd East Rutherford, NJ 07073
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0563699
For Sale
1 / 2
Contact for pricing
890 Paterson Plank Rd, East Rutherford, NJ 07073
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
METAL FRAME
Total area
34,524 SF
Lot
2.8 ac (121,968 SF)
APN
12 00105- 01-00004
UPID
US59-0563699
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
-
Stone Surfaces Inc. Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.50M
Blend (final)
Blend
$10.41M
Owner & transaction history
Rlf IV Paterson Plank Spe LLC · 3 yrs held
Rlf IV Paterson Plank Spe LLC
since 2022
Last sale
$10.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.3M
+46.7%
Office building
$8.3M
+7.9%
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 East Rutherford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Rutherford 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
$11,650,000
ML approach
$10,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,730,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,340,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$8,340,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,070,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$10.41M
Range $9.36M – $11.45M · ±10% · vs last sale $10.50M (Nov 23 2022)
Last sale anchor
$10.50M
Nov 23 2022
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
$301 / 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
$73,232
Tax year 2022
Assessed value
$5,600,500
Assessed 2023
Previous assessed
$5,600,500
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,692,900
Assessed improvement
$3,907,600
Land market value
$1,692,900
Improvement market value
$3,907,600
Total market value
$5,600,500
Applied tax rate
12.0000
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
For Sale
Year built
1980
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
34,524 SF
Lot
2.8 ac (121,968 SF)
APN
12 00105- 01-00004
UPID
US59-0563699
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
INDUSTRIAL (GENERAL) Current
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.3M
OFFICE BUILDING
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$7.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1980
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Rlf IV Paterson Plank Spe LLC
Entity
Mailing address
201 WW ST STE #200, ANNAPOLIS, MD 21401-4656
Ownership since
2022
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
Nov 23, 2022
$10,500,000
Rlf IV Paterson Plank Spe LLC
Giobelliani LLC
Bargain And Sale Deed
—
Mar 14, 2022
—
Giobelliani LLC
Paterson Plank Stone Surfaces LLC
Deed
—
Sep 11, 2013
—
Felice Cappuccia
Cappuccia,felice
Quit Claim Deed
related
—
Jun 22, 2009
$210,000
State Of New Jersey Dept/transpor
Paterson Plank Stone Surfaces
Grant Deed
—
—
—
Paterson Plank Stone Surfaces
—
Deed Of Trust
related
$1,100,000 · Independence Community Bank
—
—
Paterson Plank Stone Surfaces
—
Deed Of Trust
related
$1,000,000 · Sovereign Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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