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Property profile & analytics
OFF-MARKET
Estimated value
$4,605,000
Industrial properties
859 Willow Grv St Hackettstown, NJ 07840-5002
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0428859
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1962
Construction
CONCRETE BLOCKS
Total area
31,972 SF
Lot
12.49 ac (544,064 SF)
Zoning code
LM
APN
08 00044-0000-00003
UPID
US59-0428859
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
-
Riverview Paving Inc General Contractor Construction Company
-
Greenfield Environmental Services Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.61M
Owner & transaction history
Mazzella Enterprises Co · 6 yrs held
Mazzella Enterprises Co
since 2020
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
LM · Hackettstown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.2M
+110.8%
Commercial (general)
$5.0M
+104.6%
Apartment house (5+ units)
$3.3M
+32.2%
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 Hackettstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hackettstown 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
$5,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,185,000
Change: +111% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,030,000
Change: +105% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,250,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$4.61M
Range $4.14M – $5.07M · ±10% · vs last sale $4.25M (Jul 15 2020)
Last sale anchor
$4.25M
Jul 15 2020
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
$144 / 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
$77,073
Tax year 2022
Assessed value
$2,361,300
Assessed 2023
Previous assessed
$2,361,300
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$1,405,100
Assessed improvement
$956,200
Land market value
$1,405,100
Improvement market value
$956,200
Total market value
$2,361,300
Applied tax rate
8.0000
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
1962
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
31,972 SF
Lot
12.49 ac (544,064 SF)
Zoning code
LM
APN
08 00044-0000-00003
UPID
US59-0428859
Jurisdiction
WARREN
Zoning & alternative use
LM · Hackettstown, NJ
Zoning LM · permitted uses
LM · Hackettstown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hackettstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
12.49 ac
Current owner
From public records · entity-resolved
Mazzella Enterprises Co
Entity
Mailing address
115 8TH ST N, DEEPWATER, NJ 08023
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2020
$4,250,000
Mazzella Enterprises Co
859 Willow Grove Associates
Dual Purpose Document
$3,200,000 · Bank Of America
Oct 12, 2018
—
859 Willow Grove Assocs LLC
—
Deed
related
$7,500,000 · New York Com'l Bk
May 12, 1999
$975,000
859 Willow Grove Assoc LLC
Dak Burd LLC
Grant Deed
$875,000 · Skylands Community Bank
—
—
859 Willow Grove Assocs LLC
—
Deed Of Trust
related
$7,500,000 · New York Com'l Bk
—
—
859 Willow Grove Associates Ll
—
Deed Of Trust
related
$1,645,052 · Fulton Bank
—
—
Carl Lizza
—
Deed Of Trust
related
$875,000 · Skylands Community Bank
—
—
859 Willow Grove Assocs LLC
—
Deed Of Trust
related
$1,200,000 · Skylands Community Bank
—
—
859 Willow Grove Assocs LLC
—
Deed Of Trust
related
$250,000 · Skylands Community 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.
Try Rey
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