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Property profile & analytics
OFF-MARKET
Residential income homes
12 Main St Phillipsburg, NJ 08865-2325
Entity Owned
5-yr Hold
Property ID
US59-3115668
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1911
Construction
BRICK
Total area
1,062 SF
Lot
0.03 ac (1,481 SF)
Zoning code
RA-5
APN
19 00303-0000-00018
UPID
US59-3115668
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
12-20 N Main LLC · 5 yrs held
12-20 N Main LLC
since 2021
Last sale
$418,000
5 recorded transactions
Zoning & alternative use
RA-5 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Phillipsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phillipsburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$12,938
Tax year 2022
Assessed value
$311,900
Assessed 2023
Previous assessed
$311,900
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$42,700
Assessed improvement
$269,200
Land market value
$42,700
Improvement market value
$269,200
Total market value
$311,900
Applied tax rate
19.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1911
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
1,062 SF
Lot
0.03 ac (1,481 SF)
Zoning code
RA-5
APN
19 00303-0000-00018
UPID
US59-3115668
Jurisdiction
WARREN
Zoning & alternative use
RA-5 · Phillipsburg, NJZoning RA-5 · permitted uses
RA-5 · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1911
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
12-20 N Main LLC
Entity
Mailing address
440 MONTICELLO AVESU1802, NORFOLK, VA 23510-2571
Ownership since
2021
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
Jan 6, 2021
$418,000
12-20 N Main LLC
12-16 N Main Street LLC
Grant Deed
$313,500 · Lakeland Bk
Jan 4, 2010
$125,000
12-16 N Main Street LLC
Bardic,urim
Grant Deed
—
Jun 2, 2005
$281,000
Urim Bardic
Horse Car Properties
Grant Deed
$211,125 · Lakeland Bank
—
—
Dale S Rush
—
Deed Of Trust
related
$29,390 · Beneficial Mortgage Co
—
—
Horse Car Properties LLC
—
Deed Of Trust
related
$110,000 · Commerce Bank NA
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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