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Property profile & analytics
OFF-MARKET
Parking lots & garages
64 Heckman St Phillipsburg, NJ 08865-2943
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-0897223
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1900
Lot
0.47 ac (20,386 SF)
Zoning code
R-50
APN
19 01318-0000-00012
UPID
US59-0897223
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
Jvc Property LLC · 4 yrs held
Jvc Property LLC
since 2021
4 recorded transactions
Zoning & alternative use
R-50 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Article X Residential (R-50) Zone Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory uses. § 625-53 Conditional uses. § 625-50 Purpose. It is the purpose of this zone to provide appropriate areas of the Town for higher density, predominantly residential development.
Zone name
Residential 5000 Square Feet Lots
General category
RESIDENTIAL
Zone area
712.22 ac
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,817
Tax year 2023
Assessed value
$43,300
Assessed 2024
Previous assessed
$43,300
+0.0% YoY
Effective rate
4.20%
On assessed value
Assessed land
$43,300
Land market value
$43,300
Total market value
$43,300
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1900
Heating
NONE
Units
1
Lot
0.47 ac (20,386 SF)
Zoning code
R-50
APN
19 01318-0000-00012
UPID
US59-0897223
Jurisdiction
WARREN
Zoning & alternative use
R-50 · Phillipsburg, NJZoning R-50 · permitted uses
R-50 · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Article X Residential (R-50) Zone Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory uses. § 625-53 Conditional uses. § 625-50 Purpose. It is the purpose of this zone to provide appropriate areas of the Town for higher density, predominantly residential development.
Zone name
Residential 5000 Square Feet Lots
General category
RESIDENTIAL
Zone area
712.22 ac
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Units
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Jvc Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
50 RYMON RD, WASHINGTON, NJ 07882-4033
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
—
Jvc Property LLC
La Cantina Italiana LLC
Deed
—
Jul 2, 2007
$250,000
La Cantina Italiana LLC
Oh,donald D
Grant Deed
$250,000 · Jrs Holdings LLC
Jul 2, 2007
—
Donald Oh
Oh,donald & Ilmi
Quit Claim Deed
related
—
Oct 31, 1988
$130,000
Donald D Oh
Unknown
Grant 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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