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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Industrial properties
9-11 Commercial Ave Fairview, NJ 07022-1617
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0171138
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1969
Lot
0.2 ac (8,773 SF)
Zoning code
I
APN
18 00604-0000-00003
UPID
US59-0171138
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
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Charles Hoefling · 3 yrs held
Charles Hoefling
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
I · Fairview, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ermitted for in the following districts, and as regulated herein. a. R-D - Medium Density Garden Apartment Zone District b. R-E - Senior Housing Zone District c. R-F - High Density High Rise Residential Zone District d. I - Industry Zone District e. The following requirements shall be applicable to lots with more than one principal building: 1. The front, si…
Zone name
Industry
General category
INDUSTRIAL
Zone area
78.91 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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
$890,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $800k (Oct 3 2022)
Last sale anchor
$800k
Oct 3 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
—
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
$20,339
Tax year 2022
Assessed value
$797,000
Assessed 2023
Previous assessed
$797,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$100,500
Assessed improvement
$696,500
Land market value
$100,500
Improvement market value
$696,500
Total market value
$797,000
Applied tax rate
18.0000
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
1969
Heating
NONE
Stories
1
Lot
0.2 ac (8,773 SF)
Zoning code
I
APN
18 00604-0000-00003
UPID
US59-0171138
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Fairview, NJZoning I · permitted uses
I · Fairview, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ermitted for in the following districts, and as regulated herein. a. R-D - Medium Density Garden Apartment Zone District b. R-E - Senior Housing Zone District c. R-F - High Density High Rise Residential Zone District d. I - Industry Zone District e. The following requirements shall be applicable to lots with more than one principal building: 1. The front, side and rear yard requirements shall be complied with for all buildings; 2. The of
Zone name
Industry
General category
INDUSTRIAL
Zone area
78.91 ac
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Charles Hoefling
Individual
Mailing address
218 7TH ST, FAIRVIEW, NJ 07022-1314
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$800,000
Charles Hoefling
911 Commercial Ave LLC
Deed
$600,000 · 911 Commercial Ave LLC
Oct 13, 2011
$350,000
911 Commerical Ave LLC
Watchung Acquisition LLC
Grant Deed
—
Apr 25, 2011
$100
Bk America Shinhan
Sheriff Of Bergen County
Trustees Deed
related
—
Jan 14, 2004
$547,500
Kim,hong Yop
Amoroso,vincent
Grant Deed
$465,375 · Vincent Amoroso
—
—
Hong Y Kim
—
Deed Of Trust
related
$400,000 · Finance One
—
—
Hong Yop Kiim
—
Deed Of Trust
related
$539,000 · Shinhan Bank
—
—
Hong Yop Kim
—
Deed Of Trust
related
$200,000 · Finance One
—
—
Watchung Acquisition LLC
—
Deed Of Trust
related
$533,807 · Chiri Acquisition LLC
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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