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Property profile & analytics
OFF-MARKET Estimated value $18,525,000
Industrial properties

10 Park Pl Butler, NJ 07405-1371

103,603 SF 12.12 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US59-1166106
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction CONCRETE BLOCKS
Total area 103,603 SF
Lot 12.12 ac (527,947 SF)
Zoning code LI
APN 03 00026-0000-00014
UPID US59-1166106
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
$17.89M
Comparable Approach Comparable
$25.91M
Blend (final) Blend
$18.53M
Owner & transaction history
Sl 10 Park Place LLC · 7 yrs held
Sl 10 Park Place LLC
since 2019
2 recorded transactions
2019
$11.0M
1969
Price N/A
Zoning & alternative use
LI · Butler, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

LI LI/ CBD Principal Use On-family dwellings X X X 1 X 2 Two-family dwellings X Apartments X 1 X 3 X Townhouse X 4 X 5A Townhouse and Apartments X 5A Senior Citizen Housing X Public Purpose Uses X X X X X X X X X X Private Parks and Beaches X X X X Retail Stores and Shops X X 17 X Business and Professional Offices X X X 17 X X Banks X 8 X 7 Child Care Center…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 29.89 ac
Source Butler, NJ
Top alternative use upside
Office building $21.7M +17.2%
Commercial (general) $21.6M +16.9%
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