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Property profile & analytics
OFF-MARKET
Estimated value
$28,500,000
Industrial properties
299 Murray Hl Pkwy East Rutherford, NJ 07073-2112
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1343683
Property summary
AI-generated overview
This exceptional 101,344-square-foot warehouse, located at 299 Murray Hill Parkway in East Rutherford, New Jersey, presents a significant opportunity for industrial businesses seeking a single-tenant space. Situated on a generous 3.72-acre lot in Bergen County, this property boasts impressive features ideal for various operations. The warehouse features a high ceiling clearance, ranging from 28 feet 7 inches to 22 feet 4 inches, providing ample vertical space for storage and operations. Twelve loading docks and one drive-in door ensure efficient loading and unloading of goods. Ample parking is available with 44 designated spaces. The property is fully vacant and ready for immediate occupancy. The building is equipped with a robust 1,200-amp power supply, capable of supporting demanding industrial processes. Its strategic location in East Rutherford, New Jersey, offers easy access to major transportation arteries, facilitating seamless logistics and distribution. The property's size, features, and location make it an attractive option for businesses seeking a modern and functional warehouse space in a prime New Jersey location. The zip code is 07073. This is a single-tenant industrial property.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
100,432 SF
Lot
3.71 ac (161,825 SF)
APN
12 00106- 01-00003
UPID
US59-1343683
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
-
BII-Braha Industries Atm
-
Ashko Group Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$28.50M
CAP Approach
CAP
$17.35M
Comparable Approach
Comparable
$18.55M
Blend (final)
Blend
$28.50M
Owner & transaction history
Atlantic Oliver Iti 299 Murray Hill · 2 yrs held
Atlantic Oliver Iti 299 Murray Hill
since 2024
Last sale
$28.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$33.0M
+46.7%
Office building
$24.3M
+7.9%
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 East Rutherford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Rutherford 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
$28,500,000
ML approach
$28,500,000
CAP Approach
CAP Return
Estimation
6%
$18,790,000
6.5%
$17,345,000
7%
$16,105,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,495,000
Current use
APARTMENT HOUSE (5+ UNITS)
$32,995,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$24,260,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$20,570,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$28.50M
Range $25.65M – $31.35M · ±10% · vs last sale $28.50M (Apr 23 2024)
Last sale anchor
$28.50M
Apr 23 2024
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
$284 / 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
$198,492
Tax year 2022
Assessed value
$12,226,600
Assessed 2023
Previous assessed
$12,226,600
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$6,018,300
Assessed improvement
$6,208,300
Land market value
$6,018,300
Improvement market value
$6,208,300
Total market value
$12,226,600
Applied tax rate
12.0000
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
1979
Heating
NONE
Units
1
Total area
100,432 SF
Lot
3.71 ac (161,825 SF)
APN
12 00106- 01-00003
UPID
US59-1343683
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
$22.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$33.0M
OFFICE BUILDING
Est. value
$24.3M
COMMERCIAL (GENERAL)
Est. value
$20.6M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1979
Heating
NONE
Units
1
Lot
3.71 ac
Current owner
From public records · entity-resolved
Atlantic Oliver Iti 299 Murray Hill
Individual
Mailing address
125 HIGH ST, BOSTON, MA 02110-2704
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2024
$28,500,000
Atlantic Oliver Iti 299 Murray Hill
Braha N J Realty Associates INC
Deed
$19,720,000 · Webster Bank NA
Nov 24, 2020
—
Braha Nj Realty Associates INC
—
Deed
related
$8,500,000 · United Of Omaha Life Insurance Company
—
—
Braha N J Realty Assocs INC
—
Deed Of Trust
related
$3,800,000 · Genworth Life Insurance Co
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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