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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Industrial properties
220 Pkwy Parkway Pompton Plains, NJ 07444-1013
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1673119
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2002
Total area
12,836 SF
Zoning code
I-2
APN
31 00202-0000-00023-0000-C2.02
UPID
US59-1673119
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
$2.52M
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$2.07M
Owner & transaction history
Krakus Estates Corporation · 4 yrs held
Krakus Estates Corporation
since 2022
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
I-2 · Pompton Plains, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+36.1%
Office building
$2.7M
+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 Pompton Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pompton Plains 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
$2,565,000
ML approach
$2,515,000
CAP Approach
CAP Return
Estimation
6%
$2,400,000
6.5%
$2,215,000
7%
$2,060,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,295,000
Current use
COMMERCIAL (GENERAL)
$3,120,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$2,690,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $1.80M (May 24 2021)
Last sale anchor
$1.80M
May 24 2021
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
$161 / 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
$34,299
Tax year 2022
Assessed value
$1,917,900
Assessed 2023
Previous assessed
$1,347,700
+42.3% YoY
Effective rate
1.79%
On assessed value
Assessed land
$463,200
Assessed improvement
$1,454,700
Land market value
$463,200
Improvement market value
$1,454,700
Total market value
$1,917,900
Applied tax rate
31.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2002
Heating
NONE
Total area
12,836 SF
Zoning code
I-2
APN
31 00202-0000-00023-0000-C2.02
UPID
US59-1673119
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Pompton Plains, NJZoning I-2 · permitted uses
I-2 · Pompton Plains, 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
$2.3M
COMMERCIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.7M
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
2002
Heating
NONE
Current owner
From public records · entity-resolved
Krakus Estates Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
220 W PKWY PKWY, PEQUANNOCK, NJ 07440
Ownership since
2022
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
Feb 28, 2022
$1,800,000
Krakus Estates Corporation
Ashley Realty INC
Re-recorded Document
related
—
May 24, 2021
$1,800,000
Krakus Estates Corporation
Ashley Realty INC
Bargain And Sale Deed
$910,000 · Td Bank NA
—
—
Ashley Realty INC
—
Deed Of Trust
related
$97,176 · Valley National Bank
—
—
Ashley Realty INC
—
Deed Of Trust
related
—
—
—
Crisafulli Realty Assocs LLC
—
Deed Of Trust
related
$400,000 · Somerset Hills 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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