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Property profile & analytics
OFF-MARKET
Estimated value
$38,270,000
Industrial properties
1578 Sussex Tpke Randolph, NJ 07869-1833
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US59-0166664
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1957
Total area
458,500 SF
Lot
64.13 ac (2,793,503 SF)
Zoning code
I-1
APN
32 00005-0000-00008
UPID
US59-0166664
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
-
JG Tennis Sports Field & Court Sports School
-
Hanover Supply Plumbing Service Building Supply
-
Epic Systems Tech Home Theater and Control4 Installation New Jersey Electronics & Wireless Store
-
Transcope Truck Sales Car Dealership
-
Morris Business Park Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$38.27M
Owner & transaction history
Sl 1578 Sussex Turnpike 5 LLC · 7 yrs held
Sl 1578 Sussex Turnpike 5 LLC
since 2019
6 recorded transactions
Zoning & alternative use
I-1 · Randolph, 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 Randolph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randolph 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
$83 / 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
$535,985
Tax year 2022
Assessed value
$20,051,800
Assessed 2023
Previous assessed
$20,050,300
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$6,169,500
Assessed improvement
$13,882,300
Land market value
$6,169,500
Improvement market value
$13,882,300
Total market value
$20,051,800
Applied tax rate
32.0000
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
1957
Heating
NONE
Stories
1
Total area
458,500 SF
Lot
64.13 ac (2,793,503 SF)
Zoning code
I-1
APN
32 00005-0000-00008
UPID
US59-0166664
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Randolph, NJ
Zoning I-1 · permitted uses
I-1 · Randolph, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randolph. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Stories
1
Lot
64.13 ac
Current owner
From public records · entity-resolved
Sl 1578 Sussex Turnpike 5 LLC
Entity
Mailing address
195 MORRISTOWN RD, BASKING RIDGE, NJ 07920-1650
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2019
$27,350,000
Sl 1578 Sussex Turnpike 5 LLC
Beta Realty Group LLC
Condominium Deed
$92,130,000 · Investors Bank
—
—
Beta Realty Group LLC
—
Deed Of Trust
related
$15,000,000 · Investors Bk
—
—
Beta Dev LLC
—
Deed Of Trust
related
$9,958,468 · Valley Nat'l Bk
—
—
Beta Development LLC
—
Deed Of Trust
related
$2,000,000 · Valley National Bank
—
—
Beta Dev LLC
—
Deed Of Trust
related
$19,000 · Valley National Bank
—
—
Sl 1578 Sussex Turnpike 2 Ll
—
Deed Of Trust
related
$36,500,000 · Miscellaneous Ins Co
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?”
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