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Property profile & analytics
OFF-MARKET
Estimated value
$19,635,000
Industrial properties
25 Grn Pond Rd, Rockaway, NJ 07866-2047
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-2826102
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Construction
BRICK
Total area
124,041 SF
Lot
13.72 ac (597,643 SF)
Zoning code
I
APN
35 22102-0000-00005- 01
UPID
US59-2826102
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
-
Kazzam c/o Party City Corporation Event Planning
-
Party City Corporation Corporate Office
-
Little Learners Rockaway Preschool High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.64M
Owner & transaction history
Rockaway Holding Group LLC · 1 yrs held
Rockaway Holding Group LLC
since 2024
5 recorded transactions
Zoning & alternative use
I · Rockaway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$26.0M
+17.2%
Commercial (general)
$25.8M
+16.2%
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 Rockaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway 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
$23,705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,205,000
6.5%
$21,420,000
7%
$19,890,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,175,000
Current use
OFFICE BUILDING
$25,980,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,755,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$19.64M
Range $17.67M – $21.60M · ±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
$158 / 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
$496,621
Tax year 2022
Assessed value
$19,648,100
Assessed 2023
Previous assessed
$18,244,700
+7.7% YoY
Effective rate
2.53%
On assessed value
Assessed land
$5,007,800
Assessed improvement
$14,640,300
Land market value
$5,007,800
Improvement market value
$14,640,300
Total market value
$19,648,100
Applied tax rate
35.0000
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
1974
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
124,041 SF
Lot
13.72 ac (597,643 SF)
Zoning code
I
APN
35 22102-0000-00005- 01
UPID
US59-2826102
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I · Rockaway, NJ
Zoning I · permitted uses
I · Rockaway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$22.2M
OFFICE BUILDING
Est. value
$26.0M
COMMERCIAL (GENERAL)
Est. value
$25.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1974
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
13.72 ac
Current owner
From public records · entity-resolved
Rockaway Holding Group LLC
Entity
Mailing address
25 GRN POND RD, ROCKAWAY, NJ 07866-2047
Ownership since
2024
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
Dec 9, 2025
—
Rockaway Holding Group LLC
—
Deed
related
$10,771,907 · Valley National Bank NA
Dec 18, 2024
—
Rockaway Holding Group LLC
25 Green Pond Investor LLC
Deed
—
Apr 19, 2022
$19,600,000
25 Green Pond Investor LLC
Nrfc Green Pond Investor LLC
Special Warranty Deed
$16,663,000 · Inpoint Reit Operating Partnership
May 12, 2016
—
Nrfc Green Pond Investor LLC
—
Deed
related
$15,400,000 · Customers Bank
Apr 5, 2006
$21,850,000
Nrfc Green Pond Investor LLC
North Jersey Green 501 LLC
Grant Deed
—
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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