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Property profile & analytics
OFF-MARKET
Estimated value
$14,250,000
Industrial properties
19 Chapin Rd, Pine Brook, NJ 07058
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0342927
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Total area
119,552 SF
Lot
129 ac (5,619,240 SF)
Zoning code
I1A
APN
21 00184-0000-00007- 2
UPID
US59-0342927
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
-
Brainstorm Logistics Warehouse & Storage
-
Rymax Advertising Agency Marketing & Advertising
-
Varidyn Physician
-
Avantik Big Box & Wholesale Store
-
Kearfott Corporation, Guidance & Navigation Division Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.25M
Owner & transaction history
19 Chapin Pine Brook Nj Owner · 6 yrs held
19 Chapin Pine Brook Nj Owner
since 2019
5 recorded transactions
Zoning & alternative use
I1A · Pine Brook, 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 Pine Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine Brook 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$21,370,000
Current use
Blend value · Realmo final
$14.25M
Range $12.83M – $15.68M · ±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
$119 / 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
$1,126,400
Tax year 2022
Assessed value
$44,000,000
Assessed 2023
Previous assessed
$44,000,000
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$9,925,000
Assessed improvement
$34,075,000
Land market value
$9,925,000
Improvement market value
$34,075,000
Total market value
$44,000,000
Applied tax rate
21.0000
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
1998
Heating
NONE
Total area
119,552 SF
Lot
129 ac (5,619,240 SF)
Zoning code
I1A
APN
21 00184-0000-00007- 2
UPID
US59-0342927
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I1A · Pine Brook, NJ
Zoning I1A · permitted uses
I1A · Pine Brook, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pine Brook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$21.4M
INDUSTRIAL (GENERAL) Current
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
1998
Heating
NONE
Lot
129 ac
Current owner
From public records · entity-resolved
19 Chapin Pine Brook Nj Owner
Individual
Mailing address
3520 PIEDMONT RD NE, ATLANTA, GA 30305-1516
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2019
$92,250,000
19 Chapin Pine Brook Nj Owner
Chapin Road Property LLC
Trustees Deed
related
$32,287,500 · Webster Bk NA
Nov 22, 2017
$52,850,000
Chapin Road Property LLC
19 Chapin Road Montville New J
Trustees Deed
related
$40,000,000 · Natixis
Sep 2, 2010
$57,800,000
19 Chapin Road Montville Nj Ll
Kdm Realty LLC
Grant Deed
—
—
—
Kdm Realty LLC
—
Deed Of Trust
related
$27,000,000 · Valley National Bank
—
—
19 Chapin Road Montville Nj Ll
—
Deed Of Trust
related
$27,358,502 · Wells Fargo Bk
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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