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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Residential income homes
79-81 Lewis St 81, Phillipsburg, NJ 08865-2907
Entity Owned
4-yr Hold
Property ID
US59-0921153
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1920
Construction
FRAME
Total area
3,632 SF
Lot
0.14 ac (5,968 SF)
Zoning code
R-50
APN
19 01402-0000-00031
UPID
US59-0921153
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Alves Holdings 79 81 LLC · 4 yrs held
Alves Holdings 79 81 LLC
since 2021
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
R-50 · Phillipsburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$620,000
+68.4%
Commercial (general)
$470,000
+27.2%
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 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
$600,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$370,000
Current use
OFFICE BUILDING
$620,000
Change: +68% · Conversion: Moderate
COMMERCIAL (GENERAL)
$470,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $525k (Jul 28 2021)
Last sale anchor
$525k
Jul 28 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
$150 / 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
$10,959
Tax year 2022
Assessed value
$264,200
Assessed 2023
Previous assessed
$264,200
+0.0% YoY
Effective rate
4.15%
On assessed value
Assessed land
$55,300
Assessed improvement
$208,900
Land market value
$55,300
Improvement market value
$208,900
Total market value
$264,200
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
Year built
1920
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
3,632 SF
Lot
0.14 ac (5,968 SF)
Zoning code
R-50
APN
19 01402-0000-00031
UPID
US59-0921153
Jurisdiction
WARREN
Zoning & alternative use
R-50 · Phillipsburg, NJ
Zoning 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
Phillipsburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$370,000
OFFICE BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$470,000
APARTMENT HOUSE (5+ UNITS) 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
Year built
1920
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Alves Holdings 79 81 LLC
Entity
Mailing address
655 SCHUYLER AVE, KEARNY, NJ 07032-4201
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2021
$525,000
Alves Holdings 79 81 LLC
Make Life Easy LLC
Deed
$385,000 · Finance Of America Commercial
Mar 6, 2020
$200,000
Make Life Easy LLC
Contracting L Monocacy
Grant Deed
$150,000 · Peoples Sec Bk&tr
Aug 21, 2019
$180,000
Monocacy General Contracting L
3309 Dekalb Pike LLC
Grant Deed
$166,500 · Other Institutional Lenders
Jul 22, 2019
—
3309 Dekalb Pike LLC
Front St Pburg LLC
Grant Deed
related
—
Jun 8, 2015
$175,000
Front St Pburg LLC
Syoti LLC
Grant Deed
$200,000 · Snowpoint Capital LLC
Dec 3, 2003
$190,030
Syoti LLC
Sherwood,kenneth W
Grant Deed
—
Mar 6, 1989
$160,000
Kenneth W Sherwood
Unknown
Grant Deed
—
—
—
Front Street Pburg LLC
—
Deed Of Trust
related
$233,000 · Covenant Bk
—
—
Kenneth W Sherwood
—
Deed Of Trust
related
$100,000 · Lafayette Ambassador Bank
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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