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Property profile & analytics
FOR LEASE
Office buildings
10 Independence Blvd Warren, NJ 07059
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1842612
For Lease
1 / 2
$21,255,000
10 Independence Blvd, Warren, NJ 07059
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
13.07 ac (569,329 SF)
Zoning code
OR
APN
20 00002-0000-00002- 01
UPID
US59-1842612
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
-
High Point Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Fountainhead Advisors Financial Advisor
-
FormTech Printing Marketing & Advertising Printing Service
-
IMA Clinical Research - Warren Research Institute
-
Cipla USA Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.26M
Owner & transaction history
Ariya Re At Warren LLC · 1 yrs held
Ariya Re At Warren LLC
since 2024
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
OR · Warren, NJ
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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
$19,765,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.26M
Range $19.13M – $23.38M · ±10% · vs last sale $22.00M (Mar 28 2023)
Last sale anchor
$22.00M
Mar 28 2023
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
$257,118
Tax year 2022
Assessed value
$12,294,000
Assessed 2023
Previous assessed
$12,940,000
-5.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$3,133,700
Assessed improvement
$9,160,300
Land market value
$3,133,700
Improvement market value
$9,160,300
Total market value
$12,294,000
Applied tax rate
20.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Heating
NONE
Units
1
Lot
13.07 ac (569,329 SF)
Zoning code
OR
APN
20 00002-0000-00002- 01
UPID
US59-1842612
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OR · Warren, NJ
Zoning OR · permitted uses
OR · Warren, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
13.07 ac
Current owner
From public records · entity-resolved
Ariya Re At Warren LLC
Entity
Mailing address
20 COMMERCE DR #140, CLIFTON, NJ
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
$500,000
Ariya Re At Warren LLC
Independence Retail LLC
Bargain & Sale Deed
$1,700,000 · Centreville Savings Bank
Nov 6, 2024
—
Ariya Re At Warren LLC
Independence Blvd Land LLC
Deed
$400,000 · Centreville Savings Bank
Mar 28, 2023
$1,000,000
Independence Blvd Land LLC
10 Independence Holdings LLC
Bargain And Sale Deed
$17,000,000 · Amboy Bank
Mar 28, 2023
$22,000,000
Independence Office LLC
10 Independence Holdings LLC
Bargain And Sale Deed
$17,000,000 · Amboy Bank
Mar 28, 2023
—
Independence Blvd Land LLC
10 Independence Holdings LLC
Ground Lease
related
—
Mar 24, 2023
$500,000
Independence Retail LLC
10 Independence Holdings LLC
Bargain And Sale Deed
—
Mar 24, 2023
—
Independence Blvd Land LLC
10 Independence Holdings LLC
Assignment Of Lease (leasehold Sale)
—
Apr 5, 2022
—
10 Independence Holdings LLC
Tpa V LLC
Assignment Of Lease (leasehold Sale)
—
Mar 5, 2020
—
10 Independence Holdings LLC
—
Deed
related
$14,750,000 · Signature Bank
Sep 2, 2016
$11,000,000
10 Independence Holdings LLC
Wbcmt 2004-c15 10 Independence
Grant Deed
$10,962,500 · Shem Creek 10 Independence LLC
Jun 24, 2015
—
Wbcmt 2004-c15 10 Independence
10 Independence Spe LLC
Deed In Lieu Of Foreclosure
—
Aug 6, 2004
$10
10 Independence Spe LLC
Pw Of Ms Op Sub I LLC
Grant Deed
related
$20,900,000 · Wachovia Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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