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Property profile & analytics
FOR LEASE
Office buildings
25 Independence Blvd Warren, NJ 07059
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1222704
For Lease
1 / 2
$24.50 SF/Yr
25 Independence Blvd, Warren, NJ 07059
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
5 ac (217,800 SF)
Zoning code
OR
APN
20 00003-0000-00002
UPID
US59-1222704
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
-
Millington Bank Lending Department Suite 200 Loan Service Bank
-
Texas Instruments Inc. Factory Production Facility
-
G&L Scientific Inc Consultant Business Management Consultant
-
Mitusbishi Tanabe Pharma Pharmacy
-
Wealth Enhancement Group Financial Advisor
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
Normandy 25 Independence LLC · 19 yrs held
Normandy 25 Independence LLC
since 2006
3 recorded transactions
Zoning & alternative use
OR · Warren, 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 Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren 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
$231,138
Tax year 2022
Assessed value
$11,632,500
Assessed 2023
Previous assessed
$11,632,500
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$2,800,000
Assessed improvement
$8,832,500
Land market value
$2,800,000
Improvement market value
$8,832,500
Total market value
$11,632,500
Applied tax rate
20.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Heating
NONE
Units
1
Lot
5 ac (217,800 SF)
Zoning code
OR
APN
20 00003-0000-00002
UPID
US59-1222704
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OR · Warren, NJ
Zoning OR · permitted uses
OR · Warren, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warren. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
Normandy 25 Independence LLC
Entity
Mailing address
53 MAPLE AVE, MORRISTOWN, NJ 07960-5219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2019
—
Normandy 25 Independence LLC
—
Deed
related
$37,600,000 · A10 Cap
Dec 12, 2006
$22,101,827
Normandy 25 Independence LLC
Glenborough Fund Ix LLC
Grant Deed
$135,000,000 · Lehman Brothers Bank Fsb
—
—
Normandy 25 Independence LLC
—
Deed Of Trust
related
$37,600,000 · A10 Cap
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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