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Property profile & analytics
FOR LEASE
Industrial properties
288 Ralph St 300 Belleville, NJ 07109-3308
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2107070
For Lease
1 / 2
$4,060,000
288 Ralph St,Unit 300, Belleville, NJ 07109-3308
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1927
Construction
BRICK
Total area
22,302 SF
Lot
1.03 ac (45,050 SF)
APN
01 10101-0000-00034
UPID
US59-2107070
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.66M
CAP Approach
CAP
$3.93M
Comparable Approach
Comparable
$4.02M
Blend (final)
Blend
$4.06M
Owner & transaction history
300 Ralph Nj LLC · 4 yrs held
300 Ralph Nj LLC
since 2022
Last sale
$4.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.3M
+24.3%
Commercial (general)
$5.2M
+4.0%
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 Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville 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
$5,655,000
CAP Approach
CAP Return
Estimation
6%
$4,260,000
6.5%
$3,930,000
7%
$3,650,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,035,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,260,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,235,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$4,680,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±10% · vs last sale $4.15M (Jan 6 2022)
Last sale anchor
$4.15M
Jan 6 2022
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
$182 / 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
$49,470
Tax year 2022
Assessed value
$1,284,600
Assessed 2023
Previous assessed
$1,284,600
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$489,300
Assessed improvement
$795,300
Land market value
$489,300
Improvement market value
$795,300
Total market value
$1,284,600
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
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
For Lease
Year built
1927
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
22,302 SF
Lot
1.03 ac (45,050 SF)
APN
01 10101-0000-00034
UPID
US59-2107070
Jurisdiction
ESSEX
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.7M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1927
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
300 Ralph Nj LLC
Entity
Mailing address
725 CONSHOHOCKEN STATE RD, BALA CYNWYD, PA 19004-2122
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
$4,150,000
300 Ralph Nj LLC
300 Ralph Street LLC
Deed
—
—
—
300 Ralph Street LLC
—
Deed Of Trust
related
$500,000 · Columbia 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.
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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