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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Industrial properties
10 Furnace St Stanhope, NJ 07874-2623
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0085290
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
CONCRETE BLOCKS
Total area
7,200 SF
Lot
4.8 ac (209,044 SF)
Zoning code
VAR
APN
19 11203-0000-00016
UPID
US59-0085290
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
-
Shopcountertops.com LLC Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$860k
Owner & transaction history
10 Furnace Street LLC · 7 yrs held
10 Furnace Street LLC
since 2019
2 recorded transactions
Zoning & alternative use
VAR · Stanhope, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
VAR Zone. The age of occupants shall be restricted to require that at least one member of any household, with or without a spouse, owning or renting a unit in the VAR, shall be at least 55 years of age at the time of taking title to or leasing any unit in the VAR Zone; provided, however, that no member of the household shall be less than 19 years of age at t…
Zone name
Village Age Restricted
General category
UNKNOWN
Zone area
4.18 ac
Top alternative use upside
Commercial (general)
$1.0M
+47.6%
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 Stanhope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stanhope 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$685,000
Current use
COMMERCIAL (GENERAL)
$1,010,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$119 / 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
$56,558
Tax year 2022
Assessed value
$1,308,000
Assessed 2023
Previous assessed
$1,308,000
+0.0% YoY
Effective rate
4.32%
On assessed value
Assessed land
$363,600
Assessed improvement
$944,400
Land market value
$363,600
Improvement market value
$944,400
Total market value
$1,308,000
Applied tax rate
19.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Total area
7,200 SF
Lot
4.8 ac (209,044 SF)
Zoning code
VAR
APN
19 11203-0000-00016
UPID
US59-0085290
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
VAR · Stanhope, NJZoning VAR · permitted uses
VAR · Stanhope, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
VAR Zone. The age of occupants shall be restricted to require that at least one member of any household, with or without a spouse, owning or renting a unit in the VAR, shall be at least 55 years of age at the time of taking title to or leasing any unit in the VAR Zone; provided, however, that no member of the household shall be less than 19 years of age at the time of taking title to or leasing any unit in the VAR Zone or at any time thereafter. In the event of the death of such person who is at least 55 years of age, the surviving members of that person's household may remain in occupancy of the deceased household member's unit. B. Home occupations, conditional use: see § 100-117.1 .
Zone name
Village Age Restricted
General category
UNKNOWN
Zone area
4.18 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
4.8 ac
Current owner
From public records · entity-resolved
10 Furnace Street LLC
Entity
Free & Clear · 7 yrs held
Mailing address
100 BOMONT PL, TOTOWA, NJ 07512-2346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2019
$1,675,000
10 Furnace Street LLC
Netcong Dev LLC
Correction Deed
—
Apr 14, 2005
$1,400,000
Netcong Dev LLC
Compac Corp
Grant Deed
—
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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