Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$19,035,000
Industrial properties
100 Fulton St Boonton, NJ 07005-1910
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1697695
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Construction
CONCRETE BLOCKS
Total area
111,800 SF
Lot
11.37 ac (495,103 SF)
Zoning code
I-1
APN
01 00069-0000-00074
UPID
US59-1697695
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
$11.73M
CAP Approach
CAP
$19.31M
Comparable Approach
Comparable
$14.93M
Blend (final)
Blend
$19.04M
Owner & transaction history
Mcp IV Fulton LLC · 2 yrs held
Mcp IV Fulton LLC
since 2023
Last sale
$20.9M
4 recorded transactions
Zoning & alternative use
I-1 · Boonton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.4M
+17.2%
Commercial (general)
$21.8M
+9.1%
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 Boonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boonton 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
$26,455,000
ML approach
$11,730,000
CAP Approach
CAP Return
Estimation
6%
$20,915,000
6.5%
$19,305,000
7%
$17,925,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$19,985,000
Current use
OFFICE BUILDING
$23,415,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,805,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$19.04M
Range $17.13M – $20.94M · ±10% · vs last sale $20.90M (Nov 1 2023)
Last sale anchor
$20.90M
Nov 1 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
$170 / 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
$159,620
Tax year 2022
Assessed value
$5,013,200
Assessed 2023
Previous assessed
$5,013,200
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$1,972,500
Assessed improvement
$3,040,700
Land market value
$1,972,500
Improvement market value
$3,040,700
Total market value
$5,013,200
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
111,800 SF
Lot
11.37 ac (495,103 SF)
Zoning code
I-1
APN
01 00069-0000-00074
UPID
US59-1697695
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Boonton, NJ
Zoning I-1 · permitted uses
I-1 · Boonton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boonton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.0M
OFFICE BUILDING
Est. value
$23.4M
COMMERCIAL (GENERAL)
Est. value
$21.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
11.37 ac
Current owner
From public records · entity-resolved
Mcp IV Fulton LLC
Entity
Mailing address
100 FULTON ST #2100, BOSTON, NJ
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$20,900,000
Mcp IV Fulton LLC
Daco Limited Partnership
Deed
$15,595,000 · Lakeland Bank
Jul 15, 2021
—
Daco Limited Partnership
Daco Limited Partnership
Intrafamily Transfer
related
—
May 30, 2012
$4,800,000
Daco Limited Partnership
Dietrich Industries INC
Bargain And Sale Deed
—
Jun 24, 2010
—
Dietrich Industries INC
Dietrich Industries INC
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 100 Fulton St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
