Realmo Analytics

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Property profile

2461 Iorio Ct Union, NJ 07083

OFF-MARKET
Other industrial properties
Property ID
US59-1108705
9,672 SF 2.48 ac lot Built 1952
Last sale Mar 2021 · $3,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An industrial distribution building containing 10,200 square feet of indoor space, with an additional 2.5 acres of industrial outside storage. The structure includes four drive-in doors and one exterior loading dock. The interior provides approximately 15-foot clear ceiling height and electrical service rated at 1,400 amps with 120–280V capacity, supporting heavy power requirements. The property is positioned for visibility and convenient access to major highways, Port Newark, and Newark Liberty International Airport.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$36k
Tax billed · 2022
Assessed value · 2023$170k
Assessed land$114k
Assessed improvement$56k
Effective rate20.92%

Value estimate

· Oct 2026
$4.18M
$3.76M – $4.59M
CAP approach$1.67M
Submarket $/SF estimate$2.15M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
County average, outlier-cleaned · 120 recorded sales of this use type
Observed band · Q1–Q3$111 – $273
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency45.5
Hotel & Motel19.5
Storage Facility19.0

Location

2461 Iorio Ct Union, NJ 07083-8105
County assessor Recorded deeds · 5 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1120 Morris, Union, NJ 07083-3306 $3,000,000 Dec 2022 14,713 SF
1565 Un, Union, NJ 07083-4770 $2,400,000 Dec 2022 13,261 SF
1023 Commerce, Union, NJ 07083-5025 $2,460,000 Jun 2022 20,688 SF
1126 Morris, Union, NJ 07083-3306 $700,000 Dec 2021 5,532 SF
660-664 Rahway, Union, NJ 07083-6632 $650,000 Oct 2021 3,942 SF
674 Rahway Ave, Union, NJ 07083-6632 $550,000 Oct 2021 4,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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