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Property profile & analytics
OFF-MARKET
Estimated value
$5,230,000
Industrial properties
500 Division St Boonton, NJ 07005
Entity Owned
~
Est. High Equity
Property ID
US59-1804452
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
BRICK
Total area
28,850 SF
Lot
3.84 ac (167,270 SF)
Zoning code
I-1
APN
01 00069-0000-00071
UPID
US59-1804452
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
$4.98M
Comparable Approach
Comparable
$7.21M
Blend (final)
Blend
$5.23M
Owner & transaction history
Division Street Bros LLC
Division Street Bros LLC
since 2025
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
I-1 · Boonton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.0M
+17.2%
Commercial (general)
$5.6M
+9.1%
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 Boonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boonton 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%
$5,395,000
6.5%
$4,980,000
7%
$4,625,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,160,000
Current use
OFFICE BUILDING
$6,040,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,625,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.23M
Range $4.71M – $5.75M · ±10% · vs last sale $5.30M (Jul 30 2025)
Last sale anchor
$5.30M
Jul 30 2025
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
$181 / 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
$103,837
Tax year 2022
Assessed value
$3,261,200
Assessed 2023
Previous assessed
$3,261,200
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$891,300
Assessed improvement
$2,369,900
Land market value
$891,300
Improvement market value
$2,369,900
Total market value
$3,261,200
Applied tax rate
1.0000
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
1968
Construction
BRICK
Heating
NONE
Stories
1
Total area
28,850 SF
Lot
3.84 ac (167,270 SF)
Zoning code
I-1
APN
01 00069-0000-00071
UPID
US59-1804452
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Boonton, NJ
Zoning I-1 · permitted uses
I-1 · Boonton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boonton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.6M
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
1968
Construction
BRICK
Heating
NONE
Stories
1
Lot
3.84 ac
Current owner
From public records · entity-resolved
Division Street Bros LLC
Entity
Mailing address
PO BOX 55348, LEXINGTON, KY 40555-5348
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
Oct 30, 2025
$5,300,000
Division Street Bros LLC
Ashland INC
Deed
$500,000 · Valley National Bank NA
Jun 12, 2008
—
Joyce Holding Co
Ashland Distribution
Grant Deed
—
—
—
Ashland INC
—
Deed Of Trust
related
$15,900 · Bank Of America
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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