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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Industrial properties
187 Cortlandt St Belleville, NJ 07109-3193
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US59-3088783
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
CONCRETE BLOCKS
Total area
14,224 SF
Lot
0.46 ac (19,907 SF)
APN
01 08607-0000-00004
UPID
US59-3088783
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
-
Pozo Mechanical Inc General Contractor Construction Company
-
Leons Construction Services LLC Construction Company General Contractor
-
RWJBH EMS - Belleville Hospital
-
first community development corporation General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$1.55M
Owner & transaction history
Pozo Mechanical INC · 19 yrs held
Pozo Mechanical INC
since 2006
6 recorded transactions
Zoning & alternative use
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$109 / 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
$22,186
Tax year 2022
Assessed value
$576,100
Assessed 2023
Previous assessed
$576,100
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$435,300
Assessed improvement
$140,800
Land market value
$435,300
Improvement market value
$140,800
Total market value
$576,100
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Total area
14,224 SF
Lot
0.46 ac (19,907 SF)
APN
01 08607-0000-00004
UPID
US59-3088783
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
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Pozo Mechanical INC
Entity
Mailing address
187 CORTLANDT ST, BELLEVILLE, NJ 07109-3193
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Oct 28, 2024
—
555 Prospect Street LLC
—
Deed
related
$500,000 · Velocity Commercial Capital LLC
Mar 15, 2023
—
555 Prospect Street LLC
—
Deed
related
$200,000 · M & T Bank
Mar 13, 2023
—
555 Prospect Street LLC
—
Deed
related
$200,000 · M & T Bank
Aug 3, 2006
$750,000
Pozo Mechanical INC
187 Cortlandt LLC
Deed
$600,000 · Wachovia Bank NA
Jul 29, 2005
$1
187 Cortlandt LLC
187 Cortlandt LLC
Grant Deed
related
—
Nov 3, 2004
$1,070,000
187 Cortlandt LLC
Ventura,john A JR
Grant Deed
$1,020,000 · John A JR Ventura
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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