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Property profile & analytics
OFF-MARKET
Estimated value
$16,025,000
Industrial properties
78 Boonton Ave Boonton, NJ 07005-8903
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1755618
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
91,880 SF
Lot
24.54 ac (1,068,962 SF)
Zoning code
I2
APN
21 00001-0000-00029
UPID
US59-1755618
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
$10.98M
CAP Approach
CAP
$15.87M
Comparable Approach
Comparable
$15.27M
Blend (final)
Blend
$16.03M
Owner & transaction history
78 Boonton LLC · 4 yrs held
78 Boonton LLC
since 2022
Last sale
$19.0M
2 recorded transactions
Zoning & alternative use
I2 · Boonton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.2M
+17.2%
Commercial (general)
$17.9M
+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
$10,980,000
CAP Approach
CAP Return
Estimation
6%
$17,190,000
6.5%
$15,865,000
7%
$14,735,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$16,425,000
Current use
OFFICE BUILDING
$19,240,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,920,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$16.03M
Range $14.42M – $17.63M · ±10% · vs last sale $19.00M (Apr 18 2022)
Last sale anchor
$19.00M
Apr 18 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
$174 / 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
$163,456
Tax year 2022
Assessed value
$6,400,000
Assessed 2023
Previous assessed
$6,400,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$2,219,000
Assessed improvement
$4,181,000
Land market value
$2,219,000
Improvement market value
$4,181,000
Total market value
$6,400,000
Applied tax rate
21.0000
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
Total area
91,880 SF
Lot
24.54 ac (1,068,962 SF)
Zoning code
I2
APN
21 00001-0000-00029
UPID
US59-1755618
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Boonton, NJ
Zoning I2 · permitted uses
I2 · 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
$16.4M
OFFICE BUILDING
Est. value
$19.2M
COMMERCIAL (GENERAL)
Est. value
$17.9M
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
24.54 ac
Current owner
From public records · entity-resolved
78 Boonton LLC
Entity
Mailing address
78 BOONTON AVE, MONTVILLE, NJ 07045
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
$19,000,000
78 Boonton LLC
Marotta Controls INC
Deed
$14,250,000 · Wells Fargo Bank NA
Jul 11, 2017
—
Marotta Controls INC
—
Trustees Deed
related
$7,000,000 · Wells Fargo Bk
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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