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Property profile & analytics
OFF-MARKET
Parking lots & garages
318 Heckman St Phillipsburg, NJ 08865
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-2021533
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.25 ac (10,977 SF)
Zoning code
R-50
APN
19 01208-0000-00007
UPID
US59-2021533
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
Finegan Family Ltd Liability Prtnrs · 1 yrs held
Finegan Family Ltd Liability Prtnrs
since 2024
5 recorded transactions
Zoning & alternative use
R-50 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Article X Residential (R-50) Zone Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory uses. § 625-53 Conditional uses. § 625-50 Purpose. It is the purpose of this zone to provide appropriate areas of the Town for higher density, predominantly residential development.
Zone name
Residential 5000 Square Feet Lots
General category
RESIDENTIAL
Zone area
712.22 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,388
Tax year 2023
Assessed value
$56,900
Assessed 2024
Previous assessed
$56,900
+0.0% YoY
Effective rate
4.20%
On assessed value
Assessed land
$50,500
Assessed improvement
$6,400
Land market value
$50,500
Improvement market value
$6,400
Total market value
$56,900
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Units
1
Lot
0.25 ac (10,977 SF)
Zoning code
R-50
APN
19 01208-0000-00007
UPID
US59-2021533
Jurisdiction
WARREN
Zoning & alternative use
R-50 · Phillipsburg, NJZoning R-50 · permitted uses
R-50 · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Article X Residential (R-50) Zone Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory uses. § 625-53 Conditional uses. § 625-50 Purpose. It is the purpose of this zone to provide appropriate areas of the Town for higher density, predominantly residential development.
Zone name
Residential 5000 Square Feet Lots
General category
RESIDENTIAL
Zone area
712.22 ac
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Finegan Family Ltd Liability Prtnrs
Individual
Free & Clear · 1 yrs held
Mailing address
235 RTE 627TH ST, PHILLIPSBURG, NJ 08865
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Finegan Family Ltd Liability Prtnrs
Finegan Family Ltd Liability Prtnrs
Intrafamily Transfer
related
—
May 6, 2009
—
Jeffrey Finegan
Finegan,rosalie M
Quit Claim Deed
related
—
Dec 23, 2008
—
Jeffrey Finegan
Finegan,rosalie M
Quit Claim Deed
related
—
—
—
Jeffrey Finegan
—
Deed Of Trust
related
$100,000 · Pnc Bk
—
—
Jeffrey Finegan
—
Loan Modification
related
$403,848 · Pnc 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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