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Property profile & analytics
OFF-MARKET
Estimated value
$5,200,000
Industrial properties
219 Changebridge Rd Montville, NJ 07045-9514
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1897260
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
STEEL FRAME
Total area
20,576 SF
Lot
2 ac (87,120 SF)
Zoning code
I2
APN
21 00138-0000-00009
UPID
US59-1897260
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
-
Safelite AutoGlass General Contractor Renovation Specialist
-
Human Resource Alliance Employment Agency
-
Traffic Tech Logistics Company Freight Service
-
Creative Media & Associates Marketing & Advertising Advertising Agency
-
Element Six Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
$3.56M
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$5.20M
Owner & transaction history
Change Bridge 219 LLC · 2 yrs held
Change Bridge 219 LLC
since 2024
Last sale
$5.2M
6 recorded transactions
Zoning & alternative use
I2 · Montville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+36.1%
Office building
$4.3M
+17.2%
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 Montville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montville 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
$5,200,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
$3,850,000
6.5%
$3,555,000
7%
$3,300,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,680,000
Current use
COMMERCIAL (GENERAL)
$5,005,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$4,310,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10% · vs last sale $5.20M (Apr 24 2024)
Last sale anchor
$5.20M
Apr 24 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
$253 / 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
$56,978
Tax year 2022
Assessed value
$2,225,700
Assessed 2023
Previous assessed
$2,225,700
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$388,000
Assessed improvement
$1,837,700
Land market value
$388,000
Improvement market value
$1,837,700
Total market value
$2,225,700
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
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
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
20,576 SF
Lot
2 ac (87,120 SF)
Zoning code
I2
APN
21 00138-0000-00009
UPID
US59-1897260
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Montville, NJZoning I2 · permitted uses
I2 · Montville, NJ
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
$3.7M
COMMERCIAL (GENERAL)
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Change Bridge 219 LLC
Entity
Mailing address
549 E LINWOOD AVE, MAPLE SHADE, NJ 08052-1209
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$5,200,000
Change Bridge 219 LLC
Dsgw LLC
Deed
—
Jan 8, 2020
—
Dsgw LLC
—
Deed
related
$3,200,000 · Lincoln 1st Bk
Jan 20, 2017
—
Skoda Contracting Co
—
Deed
related
$5,000,000 · Marc Skoda
—
—
Dsgw LLC
—
Deed Of Trust
related
$3,200,000 · Lincoln 1st Bk
—
—
Skoda Contracting Co
—
Deed Of Trust
related
$5,000,000 · Marc Skoda
—
—
Dsgw LLC
—
Loan Modification, Consolidation And Extension
related
$3,280,000 · Lakeland 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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