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Financial
Distress signals
Property profile

1 Russo Pl 3 Berkeley Heights, NJ 07922

FOR SALE
Other industrial properties
Property ID
US59-0068338
15,312 SF 1.97 ac lot Built 1972
Last sale Apr 2007 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of approximately 2,750 square feet of commercial space on a 1.97-acre corner lot in Berkeley Heights, New Jersey, located across from the YMCA and a performing arts school. It includes available parking and provides handicap accessibility, with a dock entry and a separate entrance for additional access. The premises includes water service, and there is small office space included within the available area. The building has supported multiple long-term tenants, including an…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$42k
Tax billed · 2022
Assessed value · 2023$1.00M
Assessed land$394k
Assessed improvement$606k
Effective rate4.20%

Value estimate

· Oct 2026
$675k
$608k – $743k
CAP approach$2.65M
Submarket $/SF estimate$1.37M
NOI build-up
Gross scheduled income$459k
Vacancy & credit loss−$147k
Operating expenses−$78k
NOI · 780,913.33% cap applied$234k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
County average, outlier-cleaned · 120 recorded sales of this use type
Observed band · Q1–Q3$111 – $273
Qualifying comparables17

Cap rate analysis

How does the asset earn?
780,913.33%
$234k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
The purpose of this zone is to permit a range of uses including light industrial activities, warehouses, and automotive services
General categoryINDUSTRIAL
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.7
Law Firm22.7
Auto Repair Shop22.3

Location

1 Russo Pl, Unit 3 Berkeley Heights, NJ 07922
County assessor Recorded deeds · 5 transfers 17 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2 Russo, Berkeley Heights, NJ 07922 $3,600,000 Jan 2026 11,730 SF
40 Russo, Berkeley Heights, NJ 07922-1606 $2,000,000 Aug 2021 3,152 SF
1 Lone Pne, Berkeley Heights, NJ 07922-1295 $1,510,875 Feb 2021 No data
321 Snyder, Berkeley Heights, NJ 07922-1520 $2,430,000 Jul 2020 11,132 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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