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Property profile & analytics
OFF-MARKET
Estimated value
$6,015,000
Industrial properties
117 Harrison Ave Roseland, NJ 07068-1200
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0489943
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1951
Construction
CONCRETE BLOCKS
Lot
2.82 ac (122,839 SF)
Zoning code
RM
APN
18 00021-0000-00022
UPID
US59-0489943
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
-
North Creek Construction Company
-
Klimback & Pontus Plumbing Plumbing Service General Contractor
-
Eastern Concrete Materials Building Supply
-
E & A Small Engines General Contractor Hardware & Home Improvement
-
SMITH BUILDING GROUP LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.02M
Owner & transaction history
Hollingshead Materials LLC · 2 yrs held
Hollingshead Materials LLC
since 2023
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
RM · Roseland, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A multi-family housing development is permitted as a conditional use in the RM Zone. Conditional use requirements shall include the following: Minimum Tract Size. A minimum tract size of twelve (12) acres. Access. The tract shall have frontage on a local road only. Buffer. A perimeter buffer area no less than forty (40) feet in width shall be provided along…
Zone name
Research Manufacturing District
General category
INDUSTRIAL
Zone area
202.26 ac
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 Roseland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseland 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
$6,935,000
ML approach
$7,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.02M
Range $5.41M – $6.62M · ±10% · vs last sale $5.00M (Aug 24 2023)
Last sale anchor
$5.00M
Aug 24 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
$60,273
Tax year 2022
Assessed value
$2,581,300
Assessed 2023
Previous assessed
$2,581,300
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,606,500
Assessed improvement
$974,800
Land market value
$1,606,500
Improvement market value
$974,800
Total market value
$2,581,300
Applied tax rate
18.0000
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
1951
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2.82 ac (122,839 SF)
Zoning code
RM
APN
18 00021-0000-00022
UPID
US59-0489943
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
RM · Roseland, NJZoning RM · permitted uses
RM · Roseland, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A multi-family housing development is permitted as a conditional use in the RM Zone. Conditional use requirements shall include the following: Minimum Tract Size. A minimum tract size of twelve (12) acres. Access. The tract shall have frontage on a local road only. Buffer. A perimeter buffer area no less than forty (40) feet in width shall be provided along all adjoining property lines. Density. The number of dwelling units shall not exceed ten (10) units per acre.
Zone name
Research Manufacturing District
General category
INDUSTRIAL
Zone area
202.26 ac
Building & site characteristics
From public records
Year built
1951
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2.82 ac
Current owner
From public records · entity-resolved
Hollingshead Materials LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1000 HOLLINGSHEAD CIR UNIT #2205, MURFREESBORO, TN 37129-4036
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Hollingshead Materials LLC
—
Deed
related
$2,000,000 · Jpmorgan Chase Bank NA
Aug 24, 2023
$5,000,000
Hollingshead Materials LLC
Medada LLC
Bargain And Sale Deed
—
Aug 5, 2021
—
Roseland Redevelopers LLC
Roseland Redevelopers LLC
Intrafamily Transfer
related
—
—
—
Medada LLC
—
Loan Modification
related
$194,305 · Valley National Bank
—
—
Medada LLC
—
Deed Of Trust
related
$22,458 · Valley National Bank
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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