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Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Industrial properties
20 Harkins Dr, Burlington, NJ 08016
Entity Owned
~
Est. High Equity
Property ID
US59-2125587
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Construction
CONCRETE BLOCKS
Total area
24,000 SF
Lot
1.68 ac (73,181 SF)
APN
15 00159-0000-00005- 01
UPID
US59-2125587
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
$2.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
Frg X Co Nj2 LP
Frg X Co Nj2 LP
since 2026
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+45.4%
Apartment house (5+ units)
$3.1M
+2.7%
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
$3,060,000
ML approach
$2,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,065,000
Current use
OFFICE BUILDING
$4,455,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,145,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,820,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.70M – $3.31M · ±10% · vs last sale $3.00M (Jun 28 2022)
Last sale anchor
$3.00M
Jun 28 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
$125 / 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
$25,066
Tax year 2022
Assessed value
$960,000
Assessed 2023
Previous assessed
$960,000
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$134,000
Assessed improvement
$826,000
Land market value
$134,000
Improvement market value
$826,000
Total market value
$960,000
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
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
24,000 SF
Lot
1.68 ac (73,181 SF)
APN
15 00159-0000-00005- 01
UPID
US59-2125587
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ 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
$3.1M
OFFICE BUILDING
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Frg X Co Nj2 LP
Entity
Mailing address
5 MARINE VW PLZ STE #402, HOBOKEN, NJ 07030-5722
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
—
Frg X Co Nj2 LP
Frg X Nj2 Ep
Deed
related
$273,000,000 · Capital One NA
Jun 28, 2022
$3,000,000
Frg X Nj2 LP
Firenze Properties LLC
Deed
—
Jul 18, 2011
$680,000
Firenze Properties LLC
3bs Realty Burlington LLC
Grant Deed
$432,340 · First Choice Bank
Aug 16, 2006
$1,080,000
3bs Realty-burlington LLC
Highway Realty Associates
Grant Deed
$540,000 · Sun National Bank
—
—
Highway Realty Associates
—
Deed Of Trust
related
$250,000 · Sun National Bank
—
—
Firenze Properties LLC
—
Deed Of Trust
related
$356,000 · Trenton Business Assistance
—
—
David F Dunigan
—
Deed Of Trust
related
$25,000 · Trenton Business Assistance
—
—
Firenze Properties LLC
—
Deed Of Trust
related
$104,000 · Trenton Business Assistance
—
—
Firenze Properties LLC
—
Deed Of Trust
related
$172,684 · First Choice Bank
—
—
Firenze Properties LLC
—
Deed Of Trust
related
$246,692 · First Choice Bank
—
—
Highway Realty Associates
—
Deed Of Trust
related
$205,000 · Sun National Bank
—
—
3bs Realty-burlington LLC
—
Deed Of Trust
related
$447,000 · New Jersey Business Fin Co
—
—
Highway Realty Associates LLC
—
Deed Of Trust
related
$1,000,000 · Sun National 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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