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Property profile & analytics
OFF-MARKET
Estimated value
$9,915,000
Industrial properties
321 Richard Mine Rd Wharton, NJ 07885-1838
Entity Owned
~
Est. High Equity
Property ID
US59-1011014
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
80,800 SF
Lot
6.5 ac (283,140 SF)
Zoning code
I
APN
35 11509-0000-00011
UPID
US59-1011014
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
-
Pro Pack Inc. Industrial Manufacturer Factory
-
RIS Insulation Supply Hardware & Home Improvement Building Supply
-
US Post Office Post Office
-
Mahani Enterprises LLC Big Box & Wholesale Store Food Market
-
C31 Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.26M
Blend (final)
Blend
$9.92M
Owner & transaction history
Fivf III Bx II Nj LP
Fivf III Bx II Nj LP
since 2026
7 recorded transactions
Zoning & alternative use
I · Wharton, 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 Wharton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wharton 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,445,000
Current use
Blend value · Realmo final
$9.92M
Range $8.92M – $10.91M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / 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
$223,269
Tax year 2022
Assessed value
$9,211,200
Assessed 2023
Previous assessed
$8,202,400
+12.3% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,365,000
Assessed improvement
$7,846,200
Land market value
$1,365,000
Improvement market value
$7,846,200
Total market value
$9,211,200
Applied tax rate
35.0000
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
80,800 SF
Lot
6.5 ac (283,140 SF)
Zoning code
I
APN
35 11509-0000-00011
UPID
US59-1011014
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I · Wharton, NJ
Zoning I · permitted uses
I · Wharton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wharton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$14.4M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
6.5 ac
Current owner
From public records · entity-resolved
Fivf III Bx II Nj LP
Entity
Mailing address
13155 NOEL RD STE #100, DALLAS, TX 75240-5050
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
—
Fivf III Bx II Nj LP
Anson Logistics Assets LLC
Bargain & Sale Deed
$223,000,000 · Husky Finco LLC
Dec 5, 2024
—
Anson Logistics LLC
Finlayson Logistics Assets LLC
Deed
—
Apr 4, 2024
—
Finlayson Logistics Assets LLC
—
Deed
related
$850,000,000 · Standard Chartered Bank
Apr 27, 2018
$8,500,000
Finlayson Logistics Assets LLC
Exeter 321 Richard Mine LLC
Grant Deed
—
Jul 28, 2017
—
Exeter 321 Richard Mine LLC
—
Grant Deed
related
$108,000,000 · Wells Fargo Bk
Jun 17, 2016
—
Exeter 321 Richard Mine LLC
—
Deed
related
$128,800,000 · Wells Fargo Bk
Jan 5, 2016
$5,800,000
Exeter 321 Richard Mine LLC
Dct Rockaway LLC
Grant Deed
—
Feb 7, 2006
$10
Dct Rockaway LLC
Wharton Realty Associates LLC
Grant Deed
related
—
—
—
Exeter 321 Richard Mine LLC
—
Deed Of Trust
related
$128,800,000 · Wells Fargo 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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