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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Industrial properties
2170 State Rte 57th W, Washington, NJ 07882-3523
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1889328
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
9,150 SF
Lot
2.76 ac (120,226 SF)
Zoning code
C-1
APN
05 00018-0000-00005- 02
UPID
US59-1889328
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
$644k
Blend (final)
Blend
$995k
Owner & transaction history
Nj57 Holdings LLC · 1 yrs held
Nj57 Holdings LLC
since 2025
Last sale
$975,000
5 recorded transactions
Zoning & alternative use
C-1 · Washington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+59.8%
Commercial (general)
$1.0M
+9.2%
Apartment house (5+ units)
$930,000
+0.2%
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 Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington 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
$1,305,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$930,000
Current use
OFFICE BUILDING
$1,485,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,015,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $975k (Nov 30 2022)
Last sale anchor
$975k
Nov 30 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
$109 / 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
$16,846
Tax year 2022
Assessed value
$531,600
Assessed 2023
Previous assessed
$531,600
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$106,400
Assessed improvement
$425,200
Land market value
$106,400
Improvement market value
$425,200
Total market value
$531,600
Applied tax rate
5.0000
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
9,150 SF
Lot
2.76 ac (120,226 SF)
Zoning code
C-1
APN
05 00018-0000-00005- 02
UPID
US59-1889328
Jurisdiction
WARREN
Zoning & alternative use
C-1 · Washington, NJ
Zoning C-1 · permitted uses
C-1 · Washington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$930,000
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Nj57 Holdings LLC
Entity
Mailing address
2170 STATE RTE 57TH W, WASHINGTON, NJ 07882-3523
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
May 9, 2025
$1,075,000
Nj57 Holdings LLC
Route 57 West LLC
Deed
$806,250 · Td Bank NA
Nov 30, 2022
$975,000
Route 57 West LLC
Rdo Holdings LLC
Deed
$936,000 · Provident Bank
Jun 10, 2013
$650,000
Rdo Holdings LLC
Flat Acre Farms LLC
Grant Deed
related
$438,800 · Flat Acre Farms LLC
Feb 5, 2008
$690,000
Flat Acre Farm LLC
2170 Route 57 LLC
Grant Deed
—
Sep 5, 2007
$450,000
2170 Route 57 LLC
Trent Family Ptshp
Grant Deed
$375,000 · Sussex 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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