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Property profile & analytics
OFF-MARKET
Estimated value
$13,625,000
Residential income homes
660 Corliss Ave 680 Phillipsburg, NJ 08865-1638
Entity Owned
4-yr Hold
Property ID
US59-1596182
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
BRICK
Lot
4.19 ac (182,516 SF)
Zoning code
R-75
APN
19 00507-0000-00001
UPID
US59-1596182
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
$10.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.63M
Owner & transaction history
Corliss Gardens Nj LP · 4 yrs held
Corliss Gardens Nj LP
since 2021
Last sale
$14.1M
1 recorded transaction
Zoning & alternative use
R-75 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
quare Redevelopment Area and B-3 Business District. § 625-42 Nonconforming signs. § 625-43 Illumination and glare. § 625-44 Signs in R-50 Zone. § 625-45 Temporary signs; violations and penalties. Article IX Residential (R-75) Zone § 625-46 Purpose. § 625-47 Permitted uses. § 625-48 Permitted accessory uses. § 625-49 Conditional uses. Article X Residential (R…
Zone name
Residential 7500 Square Feet Lots
General category
RESIDENTIAL
Zone area
358.73 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
Method
Estimation
Statistic approach
$16,065,000
ML approach
$10,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.63M
Range $12.26M – $14.99M · ±10% · vs last sale $14.09M (Sep 27 2021)
Last sale anchor
$14.09M
Sep 27 2021
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
$246,847
Tax year 2022
Assessed value
$5,951,000
Assessed 2023
Previous assessed
$5,951,000
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$2,400,000
Assessed improvement
$3,551,000
Land market value
$2,400,000
Improvement market value
$3,551,000
Total market value
$5,951,000
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
BRICK
Heating
NONE
Stories
2
Units
1
Lot
4.19 ac (182,516 SF)
Zoning code
R-75
APN
19 00507-0000-00001
UPID
US59-1596182
Jurisdiction
WARREN
Zoning & alternative use
R-75 · Phillipsburg, NJZoning R-75 · permitted uses
R-75 · Phillipsburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
quare Redevelopment Area and B-3 Business District. § 625-42 Nonconforming signs. § 625-43 Illumination and glare. § 625-44 Signs in R-50 Zone. § 625-45 Temporary signs; violations and penalties. Article IX Residential (R-75) Zone § 625-46 Purpose. § 625-47 Permitted uses. § 625-48 Permitted accessory uses. § 625-49 Conditional uses. Article X Residential (R-50) Zone § 625-50 Purpose. § 625-51 Permitted uses. § 625-52 Permitted accessory us
Zone name
Residential 7500 Square Feet Lots
General category
RESIDENTIAL
Zone area
358.73 ac
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
4.19 ac
Current owner
From public records · entity-resolved
Corliss Gardens Nj LP
Entity
Mailing address
PO BOX 1114, HICKSVILLE, NY 11802-1114
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
$14,092,000
Corliss Gardens Nj LP
Corliss Apartments LLC
Deed
$804,780,000 · Capital One Bank NA
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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