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Property profile & analytics
OFF-MARKET
Residential income homes
480-484 Main St 484, Phillipsburg, NJ 08865-3031
Entity Owned
6-yr Hold
Property ID
US59-1849854
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
FRAME
Lot
0.3 ac (12,937 SF)
Zoning code
B-4
APN
19 02004-0000-00016
UPID
US59-1849854
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
Pelwat 480 LLC · 6 yrs held
Pelwat 480 LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-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
$22,383
Tax year 2022
Assessed value
$539,600
Assessed 2023
Previous assessed
$539,600
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$70,000
Assessed improvement
$469,600
Land market value
$70,000
Improvement market value
$469,600
Total market value
$539,600
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
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.3 ac (12,937 SF)
Zoning code
B-4
APN
19 02004-0000-00016
UPID
US59-1849854
Jurisdiction
WARREN
Zoning & alternative use
B-4 · Phillipsburg, NJ
Zoning 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
Phillipsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Pelwat 480 LLC
Entity
Mailing address
440 MONTICELLO AVE STE #1802, NORFOLK, VA 23510-2670
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2019
$625,000
Pelwat 480 LLC
Somaburg LLC
Grant Deed
$468,750 · Lakeland Bk
Jan 11, 2017
$625,000
Somaburg LLC
480-484 South Main LLC
Grant Deed
$431,250 · Bcb Cmnty Bk
Apr 22, 2010
$613,000
480-484 South Main LLC
480-484 So Main St Trust
Grant Deed
related
$560,000 · Team Capital Bank
Sep 4, 2007
—
Cms Rentals LLC
—
Trustees Deed
related
$100,000 · Robert & Debra A Moran
Nov 21, 2006
$455,000
480-484 So Main St Trust
Gertner,stephen A
Grant Deed
$450,000 · Reviresco Redux INC
—
—
480-484 S Main Street Revocabl
—
Deed Of Trust
related
$520,800 · Team Capital Bank
—
—
Pelwat 480 LLC
—
Deed Of Trust
related
$675,000 · Provident Bk
—
—
480-484 S Main Street Trust
—
Deed Of Trust
related
$520,800 · Team Capital Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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