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Property profile & analytics
OFF-MARKET
Estimated value
$8,915,000
Commercial real estate
9 Polito Ave, Lyndhurst, NJ 07071-3498
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1416854
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
267,069 SF
Lot
6.15 ac (267,894 SF)
APN
32 00226-0000-00005- 04
UPID
US59-1416854
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
-
Verint (Bike/Boat/Book/etc) Store Corporate Office
-
Mitel Communications Telecommunications Service
-
filippo berio Food Processing Plant
-
Amerigen Pharmaceuticals Factory Production Facility
-
Ameriquest Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.92M
Owner & transaction history
Polit Associates LLC · 4 yrs held
Polit Associates LLC
since 2021
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
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 Lyndhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lyndhurst 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
$9,635,000
ML approach
$10,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.92M
Range $8.02M – $9.81M · ±10% · vs last sale $8.00M (Jul 21 2021)
Last sale anchor
$8.00M
Jul 21 2021
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
$33 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$871,173
Tax year 2023
Assessed value
$45,108,300
Assessed 2024
Previous assessed
$45,108,300
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$10,727,500
Assessed improvement
$34,380,800
Land market value
$10,727,500
Improvement market value
$34,380,800
Total market value
$45,108,300
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
2000
Heating
NONE
Units
1
Total area
267,069 SF
Lot
6.15 ac (267,894 SF)
APN
32 00226-0000-00005- 04
UPID
US59-1416854
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
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Units
1
Lot
6.15 ac
Current owner
From public records · entity-resolved
Polit Associates LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1260 STELTON RD, PISCATAWAY, NJ 08854-5282
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 25, 2025
—
Polito Associates LLC
—
Deed
related
$56,136,000 · Valley National Bank NA
Jun 7, 2023
—
Pollto Associates LLC
—
Deed
related
$13,840 · Customers Bank
Oct 28, 2021
—
Polito Associates LLC
—
Deed
related
$13,200,000 · Customers Bank
Jul 21, 2021
$8,000,100
Polit Associates LLC
David Ekstein
Sheriffs Deed
related
—
Nov 25, 2019
—
9 Polito LLC
—
Deed
related
$42,650,000 · Customers Bk
May 6, 2015
$50,620
Copper Ridge LLC
Piedmont Operating Ptshp LP
Grant Deed
related
$45,400,000 · Piedmont Operating Ptshp LP
—
—
9 Polito LLC
—
Loan Modification
related
$42,650,000 · Customers Bk
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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