Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Industrial properties
135 Algonquin Pkwy Whippany, NJ 07981-1601
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0134713
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
22,269 SF
Lot
3.45 ac (150,282 SF)
Zoning code
I
APN
12 06903-0000-00005
UPID
US59-0134713
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
-
Perlen Packaging LLC, Whippany Factory Production Facility
-
Perfen packing Museum
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.24M
CAP Approach
CAP
$3.85M
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.75M
Owner & transaction history
135 Algonquin Parkway Hmi LLC · 5 yrs held
135 Algonquin Parkway Hmi LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
I · Whippany, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+36.1%
Office building
$4.7M
+17.2%
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 Whippany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whippany 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
$4,185,000
ML approach
$4,240,000
CAP Approach
CAP Return
Estimation
6%
$4,165,000
6.5%
$3,845,000
7%
$3,570,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,980,000
Current use
COMMERCIAL (GENERAL)
$5,415,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$4,665,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $2.94M (Jan 4 2021)
Last sale anchor
$2.94M
Jan 4 2021
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
$168 / 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
$64,714
Tax year 2022
Assessed value
$3,213,200
Assessed 2023
Previous assessed
$3,213,200
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$890,600
Assessed improvement
$2,322,600
Land market value
$890,600
Improvement market value
$2,322,600
Total market value
$3,213,200
Applied tax rate
12.0000
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
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
22,269 SF
Lot
3.45 ac (150,282 SF)
Zoning code
I
APN
12 06903-0000-00005
UPID
US59-0134713
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I · Whippany, NJ
Zoning I · permitted uses
I · Whippany, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whippany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
3.45 ac
Current owner
From public records · entity-resolved
135 Algonquin Parkway Hmi LLC
Entity
Mailing address
500 PLZ DR FL, SECAUCUS, NJ 07094-3619
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2022
—
135 Algonquin Parkway Hmi LLC
—
Deed
related
$23,000,000 · Swiss Re Life & Health America INC
Jan 4, 2021
$8,127,625
135 Algonquin Parkway Hmi LLC
135 Algonquin Parkway LLC
Grant Deed
—
Jul 27, 2017
—
135 Algonquin Parkway LLC
—
Deed
related
$3,100,000 · Columbia Bk
Sep 7, 2007
$2,900,000
Neskar LLC
American Renolit Corp
Grant Deed
—
Sep 7, 2007
$2,938,949
135 Algonquin Parkway LLC
Neskar LLC
Grant Deed
—
—
—
135 Algonquin Parkway LLC
—
Deed Of Trust
related
$8,765,475 · Union Center National Bank
—
—
135 Algonquin Parkway LLC
—
Deed Of Trust
related
$35,000,000 · Capital One
—
—
135 Algonquin Parkway LLC
—
Deed Of Trust
related
$10,000,000 · Union Center National Bank
—
—
135 Algonquin Parkway LLC
—
Deed Of Trust
related
$3,100,000 · Columbia Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 135 Algonquin Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
