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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Residential income homes
212 Main St Phillipsburg, NJ 08865
Entity Owned
2-yr Hold
Property ID
US59-0567513
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
FRAME
Lot
0.08 ac (3,572 SF)
Zoning code
R-50
APN
19 01501-0000-00001
UPID
US59-0567513
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
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Alves Holdings 210 212 LLC · 2 yrs held
Alves Holdings 210 212 LLC
since 2024
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
R-50 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Article X Residential (R-50) Zone Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory uses. § 625-53 Conditional uses. § 625-50 Purpose. It is the purpose of this zone to provide appropriate areas of the Town for higher density, predominantly residential development.
Zone name
Residential 5000 Square Feet Lots
General category
RESIDENTIAL
Zone area
712.22 ac
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
$1,080,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.08M (May 8 2024)
Last sale anchor
$1.08M
May 8 2024
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
$15,140
Tax year 2022
Assessed value
$365,000
Assessed 2023
Previous assessed
$365,000
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$38,000
Assessed improvement
$327,000
Land market value
$38,000
Improvement market value
$327,000
Total market value
$365,000
Applied tax rate
19.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.08 ac (3,572 SF)
Zoning code
R-50
APN
19 01501-0000-00001
UPID
US59-0567513
Jurisdiction
WARREN
Zoning & alternative use
R-50 · Phillipsburg, NJZoning R-50 · permitted uses
R-50 · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Article X Residential (R-50) Zone Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory uses. § 625-53 Conditional uses. § 625-50 Purpose. It is the purpose of this zone to provide appropriate areas of the Town for higher density, predominantly residential development.
Zone name
Residential 5000 Square Feet Lots
General category
RESIDENTIAL
Zone area
712.22 ac
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Alves Holdings 210 212 LLC
Entity
Mailing address
655 SCHUYLER AVE, KEARNY, NJ 07032-4201
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2024
$1,082,000
Alves Holdings 210 212 LLC
South Main Apartments LLC
Deed
$811,500 · Blue Foundry Bank
Apr 3, 2017
$438,000
South Main Apartments LLC
212 South Main Street LLC
Grant Deed
related
$350,000 · Valley Nat'l Bk
Jan 12, 2009
$233,000
212 South Main Street LLC
3rd Line Properties LLC
Grant Deed
—
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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