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Property profile & analytics
OFF-MARKET
Estimated value
$5,085,000
Industrial properties
675 Clark Dr Budd Lake, NJ 07828-4311
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1810605
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1993
Total area
36,120 SF
Zoning code
FTZ2
APN
27 00102-0000-00011- 01
UPID
US59-1810605
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
-
FedEx Ship Center Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.42M
CAP Approach
CAP
$6.24M
Comparable Approach
Comparable
$4.82M
Blend (final)
Blend
$5.09M
Owner & transaction history
Mount Olive Holdings LLC · 5 yrs held
Mount Olive Holdings LLC
since 2021
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
FTZ2 · Budd Lake, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+17.2%
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 Budd Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Budd Lake 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
$5,840,000
ML approach
$5,420,000
CAP Approach
CAP Return
Estimation
6%
$6,755,000
6.5%
$6,235,000
7%
$5,790,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,455,000
Current use
OFFICE BUILDING
$7,565,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$5.09M
Range $4.58M – $5.59M · ±10% · vs last sale $4.10M (Feb 26 2021)
Last sale anchor
$4.10M
Feb 26 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
$141 / 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
$81,725
Tax year 2022
Assessed value
$2,500,000
Assessed 2023
Previous assessed
$2,500,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$750,000
Assessed improvement
$1,750,000
Land market value
$750,000
Improvement market value
$1,750,000
Total market value
$2,500,000
Applied tax rate
27.0000
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
1993
Heating
NONE
Total area
36,120 SF
Zoning code
FTZ2
APN
27 00102-0000-00011- 01
UPID
US59-1810605
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
FTZ2 · Budd Lake, NJ
Zoning FTZ2 · permitted uses
FTZ2 · Budd Lake, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Budd Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$7.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1993
Heating
NONE
Current owner
From public records · entity-resolved
Mount Olive Holdings LLC
Entity
Mailing address
42 MAIN ST #203, NYACK, NY 10960-3204
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$4,100,000
Mount Olive Holdings LLC
Infinity Nine At New Jersey LLC
Bargain And Sale Deed
$3,050,000 · First Bank
Apr 20, 2017
$4,500,000
Infinity Nine Of New Jersey LLC
Submariner Gorup LLC
Grant Deed
$2,700,000 · Inwood Nat'l Bk
Apr 17, 2017
$3,660,000
Submariner Group LLC
Big Box Property Owner F-1 LLC
Grant Deed
—
Jan 20, 2016
$4,000,000
Big Box Property Owner F-1 LLC
Exeter 675 Clark LLC
Grant Deed
related
$230,000,000 · Wells Fargo Bk
May 31, 2013
$2,207,000
Exeter 675 Clark LLC
Mount Olive Indl Realty Co Ll
Grant Deed
—
May 16, 2013
—
Exeter 675 Clark LLC
—
Deed Of Trust
related
$61,859,000 · Webster Bank
Aug 13, 1999
$2,000,000
Olive Industrial Realty Mount
New Jersey Foreign Trade Zone
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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