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Property profile & analytics
OFF-MARKET
Estimated value
$2,555,000
Industrial properties
15 Old Quarry Rd Bernardsville, NJ 07924
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2099294
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Construction
FRAME
Total area
10,400 SF
Lot
2.78 ac (121,097 SF)
Zoning code
I
APN
03 00100-0000-00002- 30
UPID
US59-2099294
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
-
West Coast Clear Finish Products Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.10M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.56M
Owner & transaction history
Nwrb Realty LLC · 4 yrs held
Nwrb Realty LLC
since 2022
Last sale
$2.5M
3 recorded transactions
Zoning & alternative use
I · Bernardsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I INDUSTRIAL DISTRICT. § LD-12-18.1 Primary Intended Use. § LD-12-18.2 Prohibited Use. § LD-12-18.3 Required Conditions. § LD-12-19
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
69.39 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 Bernardsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bernardsville 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
$2,885,000
ML approach
$3,100,000
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,670,000
Blend value · Realmo final
$2.56M
Range $2.30M – $2.81M · ±10% · vs last sale $2.50M (Feb 24 2022)
Last sale anchor
$2.50M
Feb 24 2022
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
$246 / 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
$24,684
Tax year 2022
Assessed value
$1,300,000
Assessed 2023
Previous assessed
$1,200,600
+8.3% YoY
Effective rate
1.90%
On assessed value
Assessed land
$806,200
Assessed improvement
$493,800
Land market value
$806,200
Improvement market value
$493,800
Total market value
$1,300,000
Applied tax rate
3.0000
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
2006
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
10,400 SF
Lot
2.78 ac (121,097 SF)
Zoning code
I
APN
03 00100-0000-00002- 30
UPID
US59-2099294
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Bernardsville, NJZoning I · permitted uses
I · Bernardsville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I INDUSTRIAL DISTRICT. § LD-12-18.1 Primary Intended Use. § LD-12-18.2 Prohibited Use. § LD-12-18.3 Required Conditions. § LD-12-19
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
69.39 ac
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
2.78 ac
Current owner
From public records · entity-resolved
Nwrb Realty LLC
Entity
Mailing address
77 BLOOMFIELD AVE, PINE BROOK, NJ 07058-9716
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
$2,500,000
Nwrb Realty LLC
Bedrock Realty LLC
Bargain And Sale Deed
—
—
—
Bedrock Realty LLC
—
Deed Of Trust
related
$1,275,000 · Vw Credit INC
—
—
Bedrock Realty LLC
—
Deed Of Trust
related
$1,275,000 · Vw Credit INC
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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