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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Industrial properties
18 Heckel St Belleville, NJ 07109-1029
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-2838655
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1942
Construction
CONCRETE BLOCKS
Total area
3,942 SF
Lot
0.08 ac (3,533 SF)
APN
01 00105-0000-00003- 02
UPID
US59-2838655
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
-
Incinia Contracting Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$454k
Blend (final)
Blend
$670k
Owner & transaction history
Property Brothers Corp · 9 yrs held
Property Brothers Corp
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+4.0%
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 Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville 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
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$890,000
Current use
COMMERCIAL (GENERAL)
$925,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$825,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
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
$170 / 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
$13,074
Tax year 2022
Assessed value
$339,500
Assessed 2023
Previous assessed
$339,500
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$87,500
Assessed improvement
$252,000
Land market value
$87,500
Improvement market value
$252,000
Total market value
$339,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1942
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
3,942 SF
Lot
0.08 ac (3,533 SF)
APN
01 00105-0000-00003- 02
UPID
US59-2838655
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$925,000
OFFICE BUILDING
Est. value
$825,000
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
1942
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Property Brothers Corp
Entity
Mailing address
18 HECKEL ST, BELLEVILLE, NJ 07109-1029
Ownership since
2017
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
Jul 13, 2017
$330,000
Property Brothers Corp
Venture Holdings Group LLC
Grant Deed
—
Aug 15, 2014
$305,000
Venture Holdings Group LLC
18 Heckel Street LLC
Grant Deed
related
—
Jan 7, 2008
$375,000
18 Heckel Street LLC
Paul Siljee
Bargain And Sale Deed
$300,000 · Wachovia Bank NA
Dec 12, 2007
—
Paul Siljee
Siljee,paul
Quit Claim Deed
related
—
Mar 5, 2007
—
Paul Siljee
—
Trustees Deed
related
$60,000 · Darcy Truppo
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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