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Property profile & analytics
FOR SALE
Industrial properties
189 Strykers Rd Phillipsburg NJ, Phillipsburg, NJ 08865
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1847384
For Sale
1 / 10
$4,800,000
189 Strykers Rd,Unit Phillipsburg NJ, Phillipsburg, NJ 08865
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
10.71 ac (466,528 SF)
Zoning code
HB
APN
15 00100-0000-00006
UPID
US59-1847384
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Tilcon New York INC · 2 yrs held
Tilcon New York INC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
HB · Phillipsburg, 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 Phillipsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phillipsburg 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
$3,080,000
ML approach
$2,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±10% · vs last sale $2.66M (Jun 30 2023)
Last sale anchor
$2.66M
Jun 30 2023
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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$29,142
Tax year 2023
Assessed value
$1,019,300
Assessed 2024
Previous assessed
$1,019,300
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$461,300
Assessed improvement
$558,000
Land market value
$461,300
Improvement market value
$558,000
Total market value
$1,019,300
Applied tax rate
15.0000
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
For Sale
Heating
NONE
Units
1
Lot
10.71 ac (466,528 SF)
Zoning code
HB
APN
15 00100-0000-00006
UPID
US59-1847384
Jurisdiction
WARREN
Zoning & alternative use
HB · Phillipsburg, NJ
Zoning HB · permitted uses
HB · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phillipsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
10.71 ac
Current owner
From public records · entity-resolved
Tilcon New York INC
Entity
Mailing address
9 ENTIN RD, PARSIPPANY, NJ 07054-5000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
$2,660,000
Tilcon New York INC
Oasis Holdings LLC
Deed
—
Dec 13, 2019
$1,015,000
Oasis Holdings LLC
189 Strykers Road Assocs LLC
Grant Deed
related
—
Oct 12, 2018
—
189 Strykers Road Assocs LLC
—
Deed
related
$1,900,000 · New York Com'l Bk
Sep 3, 2013
—
Carmco INC
189 Strykers Road Associates L
Grant Deed
related
—
Apr 23, 2012
$652,000
189 Strykers Road Assocs LLC
Carmco INC
Grant Deed
—
—
—
189 Strykers Road Assocs LLC
—
Deed Of Trust
related
$1,900,000 · New York Com'l Bk
—
—
Carmco INC
—
Deed Of Trust
related
$850,000 · Skylands Community Bank
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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