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Property profile & analytics
OFF-MARKET
Residential income homes
317 Main St Phillipsburg, NJ 08865-2848
Entity Owned
5-yr Hold
Property ID
US59-1720808
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
BRICK
Lot
0.06 ac (2,526 SF)
Zoning code
B-4
APN
19 01411-0000-00083
UPID
US59-1720808
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
by Request
Owner & transaction history
317 S Main LLC · 5 yrs held
317 S Main LLC
since 2020
Last sale
$250,000
4 recorded transactions
Zoning & alternative use
B-4 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
y building to allow for pedestrian circulation to and between stores. (6) In no case shall the number of parking spaces exceed the minimum requirements by more than 5%. Chapter 625 ENTITLED Zoning, Article XIV, entitled B-4 Business - Central Business District Zone, is hereby amended by deleting said Article XIV in its entirety and replacing in its place and…
Zone name
Central Business
General category
COMMERCIAL
Zone area
53.41 ac
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
$9,843
Tax year 2022
Assessed value
$237,300
Assessed 2023
Previous assessed
$237,300
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$39,900
Assessed improvement
$197,400
Land market value
$39,900
Improvement market value
$197,400
Total market value
$237,300
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.06 ac (2,526 SF)
Zoning code
B-4
APN
19 01411-0000-00083
UPID
US59-1720808
Jurisdiction
WARREN
Zoning & alternative use
B-4 · Phillipsburg, NJZoning B-4 · permitted uses
B-4 · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
y building to allow for pedestrian circulation to and between stores. (6) In no case shall the number of parking spaces exceed the minimum requirements by more than 5%. Chapter 625 ENTITLED Zoning, Article XIV, entitled B-4 Business - Central Business District Zone, is hereby amended by deleting said Article XIV in its entirety and replacing in its place and stead the following: ARTICLE XIV: B-4 Business - Central Business District Zone §6
Zone name
Central Business
General category
COMMERCIAL
Zone area
53.41 ac
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
317 S Main LLC
Entity
Mailing address
440 MONTICELLO AVESU1802, NORFOLK, VA 23510-2571
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
$250,000
317 S Main LLC
Jack M JR
Grant Deed
—
Jun 28, 2001
—
Jack M Wright
—
Trustees Deed
related
$119,000 · Astoria Federal Mortgage Corp
—
—
Jack M Wright JR.
—
Deed Of Trust
related
$200,000 · Commerce Bank NA
—
—
317 S Main LLC
—
Deed Of Trust
related
$187,500 · Lakeland Bk
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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