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Property profile & analytics
OFF-MARKET
Industrial properties
2476 Plainfield Ave, Scotch Plains, NJ 07076-2057
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0189369
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Construction
TYPE NOT SPECIFIED
Total area
4,375 SF
Lot
0.29 ac (12,502 SF)
APN
16 06503-0000-00001
UPID
US59-0189369
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
-
Natures Beauty Marble Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Iron Pier Properties LLC · 3 yrs held
Iron Pier Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
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 Scotch Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scotch 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,828
Tax year 2022
Assessed value
$131,400
Assessed 2023
Previous assessed
$131,400
+0.0% YoY
Effective rate
11.28%
On assessed value
Assessed land
$41,400
Assessed improvement
$90,000
Land market value
$41,400
Improvement market value
$90,000
Total market value
$131,400
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1956
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,375 SF
Lot
0.29 ac (12,502 SF)
APN
16 06503-0000-00001
UPID
US59-0189369
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1956
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Iron Pier Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1 RADAR WAY, TINTON FALLS, NJ 07724-1290
Ownership since
2023
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
Nov 9, 2023
—
Iron Pier Properties LLC
—
Deed
related
$3,225,000 · M & T Bank
Mar 8, 2023
—
Iron Pier Properties LLC
Jon And Chevy LLC
Deed
—
Apr 25, 2022
$950,000
Jon And Chevy LLC
Taler LLC
Bargain And Sale Deed
—
Apr 6, 2017
$562,500
Taler LLC
Case & Young LLC
Grant Deed
$225,000 · Pnc Bk
Jan 2, 2007
$1
Case & Young LLC
Township Of Scotch Plains
Quit Claim Deed
related
—
Jan 19, 2002
$400,000
Case & Young LLC
Sanderson,robert W & Dusanne S
Grant Deed
$200,000 · Robert W & Susanne S Sanderson
—
—
Case & Young LLC
—
Deed Of Trust
related
$300,000 · Peapack Gladstone 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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