Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1181 Globe Ave Mountainside, NJ 07092-2903

    • Industrial properties
    • 12,400 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $1,875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1884779
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Swagelok Metropolitan New York | New Jersey / Industrial Manufacturer / Production Facility
    • Creximco / Distribution Center / Logistics Company

    Property Details for 1181 Globe Ave

    Year built
    1979
    Lot size
    0.77 lot acres
    Property size
    12,400 SF
    Zone code
    LI
    Property type
    Industrial properties
    APN
    10 00023-0000-00027
    APU
    1000023000000027

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,320,000
      6.5%
      $2,140,000
      7%
      $1,990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,393,000
      Market price range: $419k - $1.39M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,145,000
      Current use
      COMMERCIAL (GENERAL)
      $3,080,000
      Change: +44% Conversion: Difficult
      OFFICE BUILDING
      $2,525,000
      Change: +18% Conversion: Difficult
      RESTAURANT
      $1,975,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mountainside
    County
    Union
    State
    New Jersey
    Longitude
    -74.3432
    Latitude
    40.6783
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $25,961
    $341,800
    $958,200
    $1,300,000
    -
    $341,800
    $958,200
    $1,300,000

    Comparable in this City

    • Value Estimation by Request
      2.10 Acres

      1065 Bristol Rd

      INDUSTRIAL (GENERAL) • 2.10 Acres
      1065 Bristol Rd, Mountainside, NJ 07092-2301
      View Details
    • Value Estimation by Request
      0.70 Acres

      1160 Globe Ave

      INDUSTRIAL (GENERAL) • 0.70 Acres
      1160 Globe Ave, Mountainside, NJ 07092
      View Details
    • Value Estimation
      $505,000
      2.49 Acres

      1120 Globe Ave

      INDUSTRIAL (GENERAL) • 2.49 Acres
      1120 Globe Ave, Mountainside, NJ 07092-2904
      View Details
    • Value Estimation by Request
      1.04 Acres

      1126 Globe Ave

      INDUSTRIAL (GENERAL) • 1.04 Acres
      1126 Globe Ave, Mountainside, NJ 07092
      View Details
    • Value Estimation
      $580,000
      5.20 Acres

      253 Sheffield St

      INDUSTRIAL (GENERAL) • 5.20 Acres
      253 Sheffield St, Mountainside, NJ 07092-2313
      View Details
    • Value Estimation by Request
      1.91 Acres

      1159 Us Hwy 22

      INDUSTRIAL (GENERAL) • 1.91 Acres
      1159 Us Hwy 22, Mountainside, NJ 07092-2808
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Mountainside Flex Property on Route 22

      Versatile 7,085 SF commercial/flex property on 0.72 acres.
      1167 Us Highway 22, Mountainside, NJ 07092
      View Details
    • Contact for pricing
      14,897 SF

      Industrial Facility For Sale

      14,897 SF industrial facility available for purchase.
      165 Mill Ln, Mountainside, NJ 07092
      View Details
    • Contact for pricing
      7,085 SF

      Industrial Warehouse/Office Property For Sale

      7,085 SF industrial warehouse/office property on 0.696 acres.
      1167 Us Highway 22, Mountainside, NJ 07092
      View Details
    • $1,950,000
      7,148 SF

      Mountainside Commercial Flex-Zoned Property

      Two-story commercial property with warehouse and office space for sale.
      1167 Route 22, Mountainside, NJ 07092
      View Details
    • $150,000
      7,688 SF

      Mountainside Office Building Investment

      Four Suites, Excellent Investment Opportunity
      1044 Suite 4, Mountainside, NJ 07092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,276 SF

      Mountainside Warehouse Space Available

      13,276 SF warehouse space for lease in Mountainside, NJ.
      1011 Us Highway 22, Mountainside, NJ 07092
      View Details
    • Contact for pricing
      6,795 SF

      Mountainside Flex/Industrial Space Available

      Flex/Industrial space for lease, convenient location near major routes.
      284 Sheffield St, Mountainside, NJ 07092
      View Details
    • Contact for pricing
      7,085 SF

      Freestanding Building Near Route 78

      Freestanding flex, office, and service space with upgraded utilities.
      1167 Us Highway 22, Mountainside, NJ 07092
      View Details
    • $1,195 /Mo
      7,688 SF

      Professional Office Suite Available

      Two-story office building with suites for lease or investment.
      1044 Route 22 West, Mountainside, NJ 07092
      View Details
    • Contact for pricing
      1,421 SF

      Renovated Office Space Available

      Recently renovated office space with modern amenities and convenient access.
      200 Sheffield St, Mountainside, NJ 07092
      View Details
    • $23 SF/Yr
      1,500 SF

      Mountainside Office Space For Rent

      Office space available in Mountainside with excellent visibility.
      1122 Us Highway 22, Mountainside, NJ 07092
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1181 Globe Ave
    Mountainside, NJ 07092-2903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!