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Property profile & analytics
OFF-MARKET
Estimated value
$8,520,000
Industrial properties
220 Franklin Rd Randolph, NJ 07869-1605
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-2715639
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1952
Construction
CONCRETE BLOCKS
Total area
98,598 SF
Lot
25.47 ac (1,109,473 SF)
Zoning code
I-1
APN
32 00195-0000-00012
UPID
US59-2715639
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
-
Simply Gourmet Take-out & Catering Catering Service
-
Spray Foam Genie New Jersey General Contractor Renovation Specialist
-
CLR Solutions LLC Recycling Center Waste Management Facility
-
Randolph Athletic Club Gym & Fitness Center
-
JMV Trans Corp Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.52M
Owner & transaction history
Crestes Reality LLC · 8 yrs held
Crestes Reality LLC
since 2018
7 recorded transactions
Zoning & alternative use
I-1 · Randolph, 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 Randolph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randolph 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$86 / 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
$107,735
Tax year 2022
Assessed value
$4,030,500
Assessed 2023
Previous assessed
$3,932,800
+2.5% YoY
Effective rate
2.67%
On assessed value
Assessed land
$1,058,600
Assessed improvement
$2,971,900
Land market value
$1,058,600
Improvement market value
$2,971,900
Total market value
$4,030,500
Applied tax rate
32.0000
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
1952
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
98,598 SF
Lot
25.47 ac (1,109,473 SF)
Zoning code
I-1
APN
32 00195-0000-00012
UPID
US59-2715639
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Randolph, NJ
Zoning I-1 · permitted uses
I-1 · Randolph, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randolph. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
25.47 ac
Current owner
From public records · entity-resolved
Crestes Reality LLC
Entity
Mailing address
5223 15TH AVE, BROOKLYN, NY 11219-3908
Ownership since
2018
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
Jun 8, 2018
$6,200,000
Crestes Reality LLC
Hawthorne Commercial Properties LLC
Deed
$2,000,000 · Signature Bank
Nov 13, 2008
$4,150,000
Hawthorne Commercial Props LLC
J A Mulligan Associates LLC
Grant Deed
—
Aug 8, 2007
$3,000,000
J A Mulligan Associates LLC
John Dusenbery Co INC
Grant Deed
—
Jun 14, 2007
—
John Dusenbery Co INC
—
Trustees Deed
related
$300,000 · John A Mulligan
Jun 13, 2007
—
John Dusenbery Co INC
—
Trustees Deed
related
$25,000 · John A Mulligan
Aug 2, 2000
$155,500
Lance Wingfield
Annex Builders LLC
Grant Deed
$145,500 · Greenwich Home Mortgage
—
—
John Dusenbery Co INC
—
Deed Of Trust
related
$34,000 · Entrust Northest LLC
—
—
John Dusenbery Company INC
—
Deed Of Trust
related
$350,000 · John A Mulligan
—
—
John Dusenbery Co INC
—
Deed Of Trust
related
$310,000 · John A Mulligan
—
—
John Dusenbey Co INC
—
Deed Of Trust
related
$500,000 · John A Mulligan
—
—
John Dusenbery Company INC
—
Deed Of Trust
related
$50,000 · John A Mulligan
—
—
John Dusenbery Co INC
—
Deed Of Trust
related
$50,000 · John A Mulligan
—
—
John Dusenbery Co INC
—
Deed Of Trust
related
$50,000 · John A Mulligan
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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