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Property profile & analytics
OFF-MARKET
Estimated value
$8,725,000
Industrial properties
456 Hollywood Ave South Plainfield, NJ 07080-4203
Entity Owned
Free & Clear
Property ID
US59-1141812
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Construction
TYPE NOT SPECIFIED
Total area
11,512 SF
Lot
3.92 ac (170,550 SF)
Zoning code
M3
APN
22 00388-0000-00006
UPID
US59-1141812
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
-
EquipmentShare (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Sky-Hy Erectors & Equipment Construction Company Rental Equipment Company
-
Alcatel-Lucent Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.73M
Owner & transaction history
Cpreif Hollywood Ave LLC
Cpreif Hollywood Ave LLC
since 2025
Last sale
$11.5M
3 recorded transactions
Zoning & alternative use
M3 · South Plainfield, 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 South Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Plainfield 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
$9,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.73M
Range $7.85M – $9.60M · ±10% · vs last sale $11.48M (May 23 2023)
Last sale anchor
$11.48M
May 23 2023
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
$758 / 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
$37,921
Tax year 2022
Assessed value
$575,000
Assessed 2023
Previous assessed
$575,000
+0.0% YoY
Effective rate
6.59%
On assessed value
Assessed land
$304,900
Assessed improvement
$270,100
Land market value
$304,900
Improvement market value
$270,100
Total market value
$575,000
Applied tax rate
22.0000
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
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
11,512 SF
Lot
3.92 ac (170,550 SF)
Zoning code
M3
APN
22 00388-0000-00006
UPID
US59-1141812
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M3 · South Plainfield, NJ
Zoning M3 · permitted uses
M3 · South Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Plainfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
Cpreif Hollywood Ave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
201 WASHINGTON ST #2100, BOSTON, MA 02108-2611
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$2,075,000
Cpreif Hollywood Ave LLC
Mcp Rr Hollywood Avenue Owner LLC
Deed
—
Nov 2, 2023
—
Mcp Rr Hollywood Avenue Owner LLC
—
Deed
related
$8,945,000 · Lakeland Bank
May 23, 2023
$11,475,000
Mcp Rr Hollywood Avenue Owner LLC
Sky Hy Erectors & Equipment INC
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.
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