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Property profile & analytics
OFF-MARKET
Estimated value
$4,800,000
Industrial properties
105 Connecticut Dr Burlington, NJ 08016-4103
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0107878
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
25,036 SF
Lot
3.79 ac (165,092 SF)
Zoning code
I-1
APN
06 00120-0000-00001- 03
UPID
US59-0107878
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
-
Xerox Gis IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.80M
Owner & transaction history
Btc III Acquisitions LLC · 4 yrs held
Btc III Acquisitions LLC
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
I-1 · Burlington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 207-80 W-1 Waterfront District. § 207-81 HC-1 Highway Corridor District. § 207-81.1 Highway Corridor Overlay-1 (HCO-1) District. § 207-82 HC-2 Highway Corridor District. § 207-83 IP Industrial Park District. § 207-84 I-1 Industrial District and IP Industrial Park District. § 207-84.1 Outdoor displays. § 207-85 Parking and loading. § 207-86 Performance stan…
Zone name
Industrial Districts
General category
INDUSTRIAL
Zone area
138.78 ac
Top alternative use upside
Office building
$4.6M
+45.4%
Apartment house (5+ units)
$3.3M
+2.7%
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
$4,925,000
ML approach
$4,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,195,000
Current use
OFFICE BUILDING
$4,645,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,280,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,940,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.28M · ±10% · vs last sale $4.82M (Mar 4 2022)
Last sale anchor
$4.82M
Mar 4 2022
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
$192 / 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
$54,769
Tax year 2022
Assessed value
$1,841,600
Assessed 2023
Previous assessed
$1,841,600
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$294,500
Assessed improvement
$1,547,100
Land market value
$294,500
Improvement market value
$1,547,100
Total market value
$1,841,600
Applied tax rate
6.0000
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
1985
Heating
NONE
Total area
25,036 SF
Lot
3.79 ac (165,092 SF)
Zoning code
I-1
APN
06 00120-0000-00001- 03
UPID
US59-0107878
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Burlington, NJZoning I-1 · permitted uses
I-1 · Burlington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 207-80 W-1 Waterfront District. § 207-81 HC-1 Highway Corridor District. § 207-81.1 Highway Corridor Overlay-1 (HCO-1) District. § 207-82 HC-2 Highway Corridor District. § 207-83 IP Industrial Park District. § 207-84 I-1 Industrial District and IP Industrial Park District. § 207-84.1 Outdoor displays. § 207-85 Parking and loading. § 207-86 Performance standards for industrial districts. § 207-87 Buffer and landscaping requirements. § 20
Zone name
Industrial Districts
General category
INDUSTRIAL
Zone area
138.78 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1985
Heating
NONE
Lot
3.79 ac
Current owner
From public records · entity-resolved
Btc III Acquisitions LLC
Entity
Mailing address
518 17TH ST, DENVER, CO 80202-4130
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
$4,824,000
Btc III Acquisitions LLC
Crossroads Industrial LLC
Deed
—
Dec 19, 2017
—
Crossroads Industrial LLC
—
Deed
related
$1,074,000 · Rbac
Jul 18, 2017
$2,571,750
Crossroads Industrial LLC
Cks Warehouse Group LLC
Grant Deed
$1,315,000 · Morgan Stanley Bk
Oct 7, 2005
$2,350,000
Cks Warehouse Group LLC
Psc Realty LLC
Grant Deed
—
—
—
Psc Realty LLC
—
Deed Of Trust
related
$400,000 · Hillcrest Bank
—
—
Crossroads Industrial LLC
—
Deed Of Trust
related
$1,074,000 · Rbac
—
—
Cks Warehouse Group LLC
—
Deed Of Trust
related
$3,520,000 · National City Bank Pennsylvani
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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