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    Property profile & analytics

    12 Righter Rd Randolph, NJ 07869-1706

    • Industrial properties
    • 1,984 SF
    • 4.14 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    6.4%
    Industrial properties
    Location Intelligence
    Property ID
    US59-1377816
    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

    • Bellet Engineering / Engineer
    • Martin Nursery / Plant Nursery / Lawn Care Service
    • Harvest Green Oil / Heating Oil Supplier
    • Harvest Green Material / Construction Material Wholesaler
    • Ted Martin Landscape Design Group / Landscape Designer / Landscaper

    Property Details for 12 Righter Rd

    Year built
    1963
    Construction
    CONCRETE BLOCKS
    Lot size
    4.14 lot acres
    Property size
    1,984 SF
    Zone code
    RR
    Property type
    Industrial properties
    APN
    32 00006-0000-00051
    APU
    3200006000000051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $370,000
      6.5%
      $345,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $496,000
      Market price range: $265k - $496k

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

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Morris
    State
    New Jersey
    Longitude
    -74.6264
    Latitude
    40.8469
    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
    2023
    $7,612
    $216,000
    $59,800
    $275,800
    -
    $216,000
    $59,800
    $275,800

    Comparable in this City

    • Value Estimation
      $1,420,000
      74,810 SF

      86 Canfield Ave

      INDUSTRIAL (GENERAL) • 74,810 SF
      86 Canfield Ave, Randolph, NJ 07869-1116
      View Details
    • Value Estimation
      $675,000
      8.97 Acres

      9 Aspen Dr

      INDUSTRIAL (GENERAL) • 8.97 Acres
      9 Aspen Dr, Randolph, NJ 07869-1108
      View Details
    • Value Estimation
      $355,000
      4,450 SF

      193 Franklin Rd

      INDUSTRIAL (GENERAL) • 4,450 SF
      193 Franklin Rd, Randolph, NJ 07869-1612
      View Details
    • Value Estimation
      $525,000
      10,495 SF

      961 State Rte 10

      INDUSTRIAL (GENERAL) • 10,495 SF
      961 State Rte 10, Randolph, NJ 07869-1935
      View Details
    • Value Estimation
      $440,000
      2,496 SF

      155 Canfield Ave

      INDUSTRIAL (GENERAL) • 2,496 SF
      155 Canfield Ave, Randolph, NJ 07869-1106
      View Details
    • Value Estimation
      $1,365,000
      458,500 SF

      1578 Sussex Tpke

      INDUSTRIAL (GENERAL) • 458,500 SF
      1578 Sussex Tpke, Randolph, NJ 07869-1833
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,730 SF

      Randolph Retail Opportunity on Route 10

      11,730 SF retail building on Route 10 for sale.
      400 State Route 10, Randolph, NJ 07869
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    • $150,000

      Established Family Entertainment Cafe Business

      Thriving cafe and play venue for sale in Randolph Township.
      1171 Sussex Tpke, Randolph, NJ 07869
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      Randolph Twp. Triplex Investment Opportunity

      Fully rented, updated triplex with strong cash flow.
      1430 Sussex Tpke, Randolph, NJ 07869
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    • $3,500,000

      78.5 Acres Preserved Farm Opportunity

      78.5-acre preserved farm with development potential in Randolph Township, NJ.
      95 Calais Rd, Randolph, NJ 07869
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    • $529,000

      Buckingham Estates Two-Bedroom Townhome

      Elegant two-bedroom townhome with modern comfort and convenient location.
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      Residential Lot in Mendham Township

      Buildable residential lot in desirable Mendham Township location.
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    Similar Nearby for Lease

    • Contact for pricing
      40,040 SF

      Randolph Warehouse Space Available

      40,040 SF warehouse space with existing racking available for lease.
      5 Aspen Dr, Randolph, NJ 07869
      View Details
    • Contact for pricing
      15,000 SF

      Randolph Industrial Space Available

      15,000 SF industrial space with office component for lease.
      6 Emery Ave, Randolph, NJ 07869
      View Details
    • $10 SF/Yr
      5,000 SF

      Randolph Warehouse Space Available

      5,000 sq ft warehouse with office space for lease.
      11 Middlebury Blvd, Randolph, NJ 07869
      View Details
    • $36,000
      1,570 SF

      Randolph Creative Office Suite

      Turnkey Loft Office, Move-In Ready
      1250 Sussex Tpke, Randolph, NJ 07869
      View Details
    • $2,850 /Mo

      Randolph Office Space For Rent

      Pristine office space in Randolph, flexible layout, convenient location.
      10 W Hanover Ave, Randolph, NJ 07869
      View Details
    • $22 SF/Yr
      1,544 SF

      Randolph Retail Space Available

      Retail space available for lease in Randolph, New Jersey.
      477 State Route 10, Randolph, NJ 07869
      View Details
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    12 Righter Rd
    Randolph, NJ 07869-1706
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    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
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