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Property profile & analytics
OFF-MARKET
Estimated value
$39,955,000
Industrial properties
190 Strykers Rd, Phillipsburg, NJ 08865-9775
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-0886780
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Lot
15.02 ac (654,271 SF)
Zoning code
ROM
APN
15 00099-0000-00002
UPID
US59-0886780
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$39.96M
Owner & transaction history
Lre Strykers II LLC · 4 yrs held
Lre Strykers II LLC
since 2022
Last sale
$35.9M
5 recorded transactions
Zoning & alternative use
ROM · 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
$48,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$39.96M
Range $35.96M – $43.95M · ±10% · vs last sale $35.93M (Mar 7 2022)
Last sale anchor
$35.93M
Mar 7 2022
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 2022Property tax & assessments
Tax year 2022
Tax billed
$406,524
Tax year 2022
Assessed value
$14,259,000
Assessed 2023
Previous assessed
$14,259,000
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$788,300
Assessed improvement
$13,470,700
Land market value
$788,300
Improvement market value
$13,470,700
Total market value
$14,259,000
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
Off-Market
Year built
1984
Heating
NONE
Units
1
Lot
15.02 ac (654,271 SF)
Zoning code
ROM
APN
15 00099-0000-00002
UPID
US59-0886780
Jurisdiction
WARREN
Zoning & alternative use
ROM · Phillipsburg, NJ
Zoning ROM · permitted uses
ROM · 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
Year built
1984
Heating
NONE
Units
1
Lot
15.02 ac
Current owner
From public records · entity-resolved
Lre Strykers II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 96001, CAMDEN, NJ 08101-6001
Ownership since
2022
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
Oct 16, 2023
—
Lre Strykers II LLC
—
Deed
related
$190,000 · Citibank NA
Mar 7, 2022
$35,925,000
Lre Strykers II LLC
Stag Gi New Jersey LLC
Bargain And Sale Deed
—
Dec 29, 2010
$3,192,000
Stag Gi New Jersey LLC
Captive Realty Co Of Nj LLC
Grant Deed
—
Jul 10, 2002
—
Captive Realty Co Of Nj
Captive Realty Co Of Nj
Quit Claim Deed
related
—
—
—
Stag Gi New Jersey LLC
—
Deed Of Trust
related
$10,100,000 · Jp Morgan 2002-cibc5 (ct)
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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