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Property profile & analytics
OFF-MARKET
Estimated value
$5,735,000
Commercial real estate
Paterson Ave East Rutherford, NJ 07073
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-3162387
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
25,360 SF
Lot
3.2 ac (139,392 SF)
APN
12 00088-0000-00001
UPID
US59-3162387
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
by Request
CAP Approach
CAP
$5.45M
Comparable Approach
Comparable
$7.49M
Blend (final)
Blend
$5.74M
Owner & transaction history
Hpviii 33 Route 17 LLC · 5 yrs held
Hpviii 33 Route 17 LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.3M
+60.4%
Office building
$6.1M
+17.9%
Industrial (general)
$5.7M
+9.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,895,000
6.5%
$5,445,000
7%
$5,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,195,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,330,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$6,125,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,680,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$5.74M
Range $5.16M – $6.31M · ±10%
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
$226 / 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
$373,371
Tax year 2022
Assessed value
$15,300,000
Assessed 2023
Previous assessed
$15,300,000
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$6,260,000
Assessed improvement
$9,040,000
Land market value
$6,260,000
Improvement market value
$9,040,000
Total market value
$15,300,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
2
Units
1
Total area
25,360 SF
Lot
3.2 ac (139,392 SF)
APN
12 00088-0000-00001
UPID
US59-3162387
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
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.3M
OFFICE BUILDING
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (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
1979
Heating
NONE
Stories
2
Units
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
Hpviii 33 Route 17 LLC
Entity
Mailing address
1717 ARCH STSUITE382, PHILADELPHIA, PA 19103-2713
Ownership since
2020
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
Sep 25, 2020
—
Hpviii 33 Route 17 LLC
Hpviii 33 Route 17 LLC
Intrafamily Transfer
related
$15,950,000 · Sterling National Bank
Apr 15, 2016
—
R & C Realty Corp
Hp Viii 33 Rte 17 LLC
Grant Deed
—
Apr 15, 2016
$5,450,000
Hpviii 33 Route 17 LLC
33 Route 17 LLC
Grant Deed
related
—
Dec 5, 2011
—
R & C Realty Corp
Asbestos-cement Machinery Corp
Grant Deed
related
—
Nov 30, 2006
$3,000,000
33 Route 17 LLC
Martin Rappaport
Grant Deed
—
—
—
33 RT 17 LLC
—
Deed Of Trust
related
$75,000 · Columbia Bk
—
—
R & C Realty Corp
—
Deed Of Trust
related
$3,750,000 · Columbia Bank
—
—
33 Route 17 LLC
—
Deed Of Trust
related
$75,000 · Columbia 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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