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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Industrial properties
65 Howard St, Phillipsburg, NJ 08865-3101
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1068446
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Lot
2.06 ac (89,734 SF)
Zoning code
I-1
APN
19 02101-0000-00004
UPID
US59-1068446
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
$2.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
Philips Howard LP · 3 yrs held
Philips Howard LP
since 2022
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
I-1 · 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
Method
Estimation
Statistic approach
$2,715,000
ML approach
$2,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10% · vs last sale $2.03M (Oct 28 2022)
Last sale anchor
$2.03M
Oct 28 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
—
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
$59,486
Tax year 2022
Assessed value
$1,434,100
Assessed 2023
Previous assessed
$1,434,100
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$125,200
Assessed improvement
$1,308,900
Land market value
$125,200
Improvement market value
$1,308,900
Total market value
$1,434,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2.06 ac (89,734 SF)
Zoning code
I-1
APN
19 02101-0000-00004
UPID
US59-1068446
Jurisdiction
WARREN
Zoning & alternative use
I-1 · Phillipsburg, NJ
Zoning I-1 · permitted uses
I-1 · 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
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Philips Howard LP
Entity
Mailing address
227 E 56TH ST RM #401, NEW YORK, NY 10022-3810
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$2,030,000
Philips Howard LP
B&j Property Holdings LLC
Deed
$1,421,000 · Columbia Bank
May 17, 2019
—
B & J Property Holdings LLC
B & J Holdings
Quit Claim Deed
related
—
Aug 14, 2017
—
B & J Holdings
B & J Holdings
Quit Claim Deed
related
—
Nov 9, 2005
$750,000
81 Howard Street Partners LLC
B & J Holdings
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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