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Property profile & analytics
OFF-MARKET
Estimated value
$7,425,000
Industrial properties
5 Astro Pl, Rockaway, NJ 07866-4053
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1701949
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Total area
42,000 SF
Lot
3.41 ac (148,583 SF)
Zoning code
I-2
APN
08 40302-0000-00004
UPID
US59-1701949
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
-
Patriot American Solutions LLC Factory Production Facility
-
APW Company Factory Production Facility
-
Prudential | Leo M. Uva | Life Insurance & Financial Services Insurance Agency
-
Ridge Associates Inc Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.59M
CAP Approach
CAP
$7.26M
Comparable Approach
Comparable
$5.61M
Blend (final)
Blend
$7.43M
Owner & transaction history
Nbpiv Astro LLC · 3 yrs held
Nbpiv Astro LLC
since 2022
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
I-2 · Rockaway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.8M
+17.2%
Commercial (general)
$8.7M
+16.2%
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 Rockaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway 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
$8,705,000
ML approach
$8,590,000
CAP Approach
CAP Return
Estimation
6%
$7,855,000
6.5%
$7,255,000
7%
$6,735,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,510,000
Current use
OFFICE BUILDING
$8,795,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,720,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$7.43M
Range $6.68M – $8.17M · ±10% · vs last sale $7.20M (Oct 27 2022)
Last sale anchor
$7.20M
Oct 27 2022
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
$177 / 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
$83,204
Tax year 2022
Assessed value
$3,299,800
Assessed 2023
Previous assessed
$3,235,000
+2.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$941,100
Assessed improvement
$2,358,700
Land market value
$941,100
Improvement market value
$2,358,700
Total market value
$3,299,800
Applied tax rate
8.0000
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
1974
Heating
NONE
Stories
1
Total area
42,000 SF
Lot
3.41 ac (148,583 SF)
Zoning code
I-2
APN
08 40302-0000-00004
UPID
US59-1701949
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Rockaway, NJ
Zoning I-2 · permitted uses
I-2 · Rockaway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.5M
OFFICE BUILDING
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
Year built
1974
Heating
NONE
Stories
1
Lot
3.41 ac
Current owner
From public records · entity-resolved
Nbpiv Astro LLC
Entity
Mailing address
5 ASTRO PL STE #265, DENVILLE, NJ 07834
Ownership since
2022
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
Jun 30, 2023
—
Nbpiv Astro LLC
—
Deed
related
$4,100,000 · Transamerica Life Insurance Company
Oct 27, 2022
$7,200,000
Nbpiv Astro LLC
Fourson Associates LLC
Deed
—
Sep 1, 2022
—
Fourson Associates LLC
Fourson Associates LLC
Intrafamily Transfer
related
—
Sep 1, 2021
—
Fourson Associates LLC
—
Deed
related
$80,000 · Connectone Bank
Apr 6, 2000
$1,975,000
Fourson Assoc LLC
Tri-star Assoc
Grant Deed
—
Apr 6, 2000
—
Fourson Assoc LLC
—
Deed Of Trust
related
$2,350,000 · First International Bank
—
—
Fourson Associates LLC
—
Deed Of Trust
related
$425,000 · Ups Capital Busines Cr
—
—
Fourson Associates LLC
—
Deed Of Trust
related
$1,895,702 · Bank Of Nj
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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