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Property profile & analytics
FOR LEASE
Industrial properties
3000 Rand Blvd, Phillipsburg, NJ 08865
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-2275638
For Lease
Contact for pricing
3000 Rand Blvd, Phillipsburg, NJ 08865
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
94.49 ac (4,115,984 SF)
Zoning code
I2RA
APN
19 03401-0000-00001
UPID
US59-2275638
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$80.57M
Owner & transaction history
Owner Urban Renewal LLC · 5 yrs held
Owner Urban Renewal LLC
since 2020
Last sale
$86.8M
6 recorded transactions
Zoning & alternative use
I2RA · Phillipsburg, 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 Phillipsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phillipsburg 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
$293,973
Tax year 2022
Assessed value
$7,087,100
Assessed 2023
Previous assessed
$7,087,100
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$7,087,000
Assessed improvement
$100
Land market value
$7,087,000
Improvement market value
$100
Total market value
$7,087,100
Applied tax rate
19.0000
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
For Lease
Heating
NONE
Units
1
Lot
94.49 ac (4,115,984 SF)
Zoning code
I2RA
APN
19 03401-0000-00001
UPID
US59-2275638
Jurisdiction
WARREN
Zoning & alternative use
I2RA · Phillipsburg, NJ
Zoning I2RA · permitted uses
I2RA · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phillipsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
94.49 ac
Current owner
From public records · entity-resolved
Owner Urban Renewal LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 GATEHALL DR, PARSIPPANY, NJ 07054-4523
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2020
$86,836,280
Owner Urban Renewal LLC
Phillipsburg Urban Renewal LLC
Grant Deed
—
Mar 16, 2020
—
I-78 Logistics Pk Phillipsburg
I-78 Logistics Pk Phillipsburg
Quit Claim Deed
related
—
Oct 10, 2019
—
I-78 Logistics Pk It Phillipsb
—
Deed Of Trust
related
$167,610,000 · Miscellaneous Ins Co
Feb 15, 2018
$30,000,000
1-78 Logistics Pk Phillipsburg Urban Renewal LLC
Phillipsburg Commerce Park Urban Renewal LLC
Grant Deed
related
—
Jul 1, 2016
—
Phillipsburg Commerce Park Urb
Phillipsburg Associates LP
Deed In Lieu Of Foreclosure
related
—
Nov 29, 2004
$13,000,000
Phillipsburg Associates
Ingersoll-rand
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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