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Property profile & analytics
OFF-MARKET
Estimated value
$14,570,000
Industrial properties
3000 Continental N Dr Budd Lake, NJ 07828-1213
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0773881
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Total area
977,550 SF
Lot
97.5 ac (4,247,100 SF)
Zoning code
FTZ3
APN
27 00200-0000-00001
UPID
US59-0773881
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
-
Morris Crossroads Corporate Campus Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.57M
Owner & transaction history
Matrix Mount Olive Cell Tower LLC · 2 yrs held
Matrix Mount Olive Cell Tower LLC
since 2024
7 recorded transactions
Zoning & alternative use
FTZ3 · Budd Lake, 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 Budd Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Budd Lake 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
$15 / 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
$506,695
Tax year 2022
Assessed value
$15,500,000
Assessed 2023
Previous assessed
$15,500,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$9,500,000
Assessed improvement
$6,000,000
Land market value
$9,500,000
Improvement market value
$6,000,000
Total market value
$15,500,000
Applied tax rate
27.0000
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
2000
Heating
NONE
Total area
977,550 SF
Lot
97.5 ac (4,247,100 SF)
Zoning code
FTZ3
APN
27 00200-0000-00001
UPID
US59-0773881
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
FTZ3 · Budd Lake, NJ
Zoning FTZ3 · permitted uses
FTZ3 · Budd Lake, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Budd Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Lot
97.5 ac
Current owner
From public records · entity-resolved
Matrix Mount Olive Cell Tower LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4000TH FORSGATE DR, CRANBURY, NJ 08512
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
—
Teif 2000 Mount Olive LLC
—
Deed
related
$93,000,000 · Bank Of The Ozarks
Mar 27, 2024
—
Matrix Mount Olive Cell Tower LLC
3000 Continental Drive Associates L
Lease
—
Aug 11, 2017
$10,000,000
3000 Cont Drive Associates Ll
Atc Realty Sixteen INC
Grant Deed
$8,000,000 · Tristate Cap Bk
Oct 6, 2010
$23,193,530
Atc Realty Sixteen INC
Mto Realty Holdings LLC
Grant Deed
—
Jul 14, 2006
—
Mto Land Holdings LLC
Basf Corp
Grant Deed
related
—
May 2, 2006
$1
Basf Corporation
Mto Realty Holdings LLC
Grant Deed
related
—
Sep 7, 2004
—
Mto Realty Holdings LLC
Basf Corp
Grant Deed
related
—
Dec 26, 1990
$31,000,000
Basf Corporation
Unknown
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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