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Property profile & analytics
OFF-MARKET
Estimated value
$5,200,000
Industrial properties
235 Snyder Ave Berkeley Heights, NJ 07922-1140
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-0925415
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
59,995 SF
Lot
17.5 ac (762,300 SF)
Zoning code
L1
APN
01 00703-0000-00006
UPID
US59-0925415
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
-
Vertellus Industrial Manufacturer Production Facility
-
Reheis Chemicals Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.75M
Blend (final)
Blend
$5.20M
Owner & transaction history
Lone Pine Drive Urban Renewal LLC · 5 yrs held
Lone Pine Drive Urban Renewal LLC
since 2021
7 recorded transactions
Zoning & alternative use
L1 · Berkeley Heights, 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 Berkeley Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkeley Heights 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10%
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
$87 / 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
$77,406
Tax year 2022
Assessed value
$1,843,300
Assessed 2023
Previous assessed
$1,843,450
0.0% YoY
Effective rate
4.20%
On assessed value
Assessed land
$975,000
Assessed improvement
$868,300
Land market value
$975,000
Improvement market value
$868,300
Total market value
$1,843,300
Applied tax rate
1.0000
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
3
Total area
59,995 SF
Lot
17.5 ac (762,300 SF)
Zoning code
L1
APN
01 00703-0000-00006
UPID
US59-0925415
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
L1 · Berkeley Heights, NJ
Zoning L1 · permitted uses
L1 · Berkeley Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berkeley Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Lot
17.5 ac
Current owner
From public records · entity-resolved
Lone Pine Drive Urban Renewal LLC
Entity
Free & Clear · 5 yrs held
Mailing address
90 E HALSEY RD, PARSIPPANY, NJ 07054-3713
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2021
—
Lone Pine Drive Urban Renewal LLC
Chemtrade Solutions LLC
Quit Claim Deed
related
—
Apr 15, 2008
$2,000,000
General Chemical LLC
Reheis INC
Quit Claim Deed
—
Nov 15, 2001
—
Reheis INC
—
Deed Of Trust
related
$798,500,000 · Chase Manhattan Bank Trustee
—
—
Chemtrade Solutions LLC
—
Deed Of Trust
related
$1,500,000 · Manufacturers & Traders Tr
—
—
General Chemical LLC
—
Deed Of Trust
related
—
—
—
General Chemical LLC
—
Deed Of Trust
related
—
—
—
General Chemical LLC
—
Deed Of Trust
related
—
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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