Property profile & analytics
3 Adp Blvd Roseland, NJ 07068-1724
- Commercial real estate
- 5.70 lot acres
OFF-MARKET
Value Estimations
$705,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US59-0913989
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Commercial real estate
Property Details for 3 Adp Blvd
- Year built
- 1980
- Lot size
- 5.70 lot acres
- Zone code
- OB-2
- Property type
- Commercial real estate
- APN
- 18 00030- 1-00012
- APU
- 1800030100012
Description
This exceptional investment opportunity presents a fee-simple, 81,134-square-foot traditional office building situated on a 5.7-acre lot at 3 ADP Boulevard, Roseland, New Jersey, 07068. The property is currently 100% occupied by Dish Network under a Net Net (NN) lease with a corporate guarantee, offering significant financial stability. The lease, originally commencing December 1, 2013, has recently been extended, securing a remaining term of 4.9 years, expiring September 30, 2029. The current annual net operating income (NOI) is $1,311,788, yielding an attractive 8.00% capitalization rate based on the asking price of $16,397,350. The building, constructed in 1978 and renovated in 2014, boasts a price per square foot of $202.10. The lease includes annual rent increases of 2.00%, demonstrating strong tenant commitment. Dish Network has made substantial investments in the property, including improvements to generators, security systems, office buildouts, and satellite equipment. Furthermore, approximately $2,000,000 has been recently invested in building improvements, encompassing tenant common areas, HVAC units, asphalt, and roof repairs, with tenant reimbursement amortized over 15 years. This property offers a compelling combination of strong tenant occupancy, a favorable lease structure, and significant recent capital improvements, making it an ideal addition to any investment portfolio. Essex County location provides easy access to major transportation routes.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $705,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Roseland
- County
- Essex
- State
- New Jersey
- Longitude
- -74.306
- Latitude
- 40.8166
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$213,045
$4,352,800
$4,771,200
$9,124,000
-
$4,352,800
$4,771,200
$9,124,000
