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Property profile & analytics
OFF-MARKET
Residential income homes
420 Central Ave, Phillipsburg, NJ 08865-4781
Individually Owned
18-yr Hold
Property ID
US59-2949688
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1889
Construction
TYPE NOT SPECIFIED
Total area
2,988 SF
Lot
0.22 ac (9,375 SF)
Zoning code
R-4
APN
02 00078- 01-00003
UPID
US59-2949688
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
Richard Rodriguez · 18 yrs held
Richard Rodriguez
since 2008
7 recorded transactions
Zoning & alternative use
R-4 · 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
$10,552
Tax year 2022
Assessed value
$312,000
Assessed 2023
Previous assessed
$312,000
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$67,700
Assessed improvement
$244,300
Land market value
$67,700
Improvement market value
$244,300
Total market value
$312,000
Applied tax rate
2.0000
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
Year built
1889
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
3
Total area
2,988 SF
Lot
0.22 ac (9,375 SF)
Zoning code
R-4
APN
02 00078- 01-00003
UPID
US59-2949688
Jurisdiction
WARREN
Zoning & alternative use
R-4 · Phillipsburg, NJ
Zoning R-4 · permitted uses
R-4 · 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
Year built
1889
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Richard Rodriguez
Individual
Mailing address
9 FRST LN, BELVIDERE, NJ 07823-2761
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Jan 8, 2008
$265,000
Richard Rodriguez
Eastcentral420 LLC
Deed
$198,750 · Superior Mortgage Corp
Feb 16, 2005
$100
Eastcentral420 LLC
Pogorelec,albert J JR
Grant Deed
related
—
Sep 1, 2004
$270,000
Albert J Pogorelec JR.
Heunemann,eric
Grant Deed
$216,000 · Wells Fargo Bank
Jul 8, 2002
—
Eric Heunemann
Heunemann,eric
Quit Claim Deed
related
$128,000 · Gmac Mortgage Corp
Apr 4, 2000
$166,500
Eric Heunemann
Heunemann,henry W & Joyce W
Grant Deed
related
$124,687 · Commerce Bank NA
—
—
Richard Rodriguez
—
Deed Of Trust
related
$194,028 · Bank Of America
—
—
Eric W Heunemann
—
Deed Of Trust
related
$5,000 · Phillipsburg Nat'l Bank & Trus
—
—
Eric Heunemann
—
Deed Of Trust
related
$27,000 · Commerce Bank NA
—
—
Eric Heunemann
—
Deed Of Trust
related
$165,000 · Gmac Mortgage Corp
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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