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Property profile & analytics
OFF-MARKET
Estimated value
$3,570,000
Industrial land
Carbon St Walnutport, PA 18088
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-3992379
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.57 ac (24,624 SF)
Zoning code
I
APN
J2SW1C 3 1A 1033
UPID
US73-3992379
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
$3.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.57M
Owner & transaction history
40 Third Ave LLC · 3 yrs held
40 Third Ave LLC
since 2022
Last sale
$3.6M
4 recorded transactions
Zoning & alternative use
I · Walnutport, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to provide for industrial uses and select commercial uses or businesses. To carefully control the types of industrial operations to avoid nuisances (such as excessive noise) and hazards.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
35.84 ac
Source
Realmo
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 Walnutport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnutport 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
$3,300,000
ML approach
$3,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.57M
Range $3.21M – $3.93M · ±10% · vs last sale $3.60M (Dec 12 2022)
Last sale anchor
$3.60M
Dec 12 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$422
Tax year 2024
Assessed value
$4,100
Assessed 2024
Previous assessed
$4,100
+0.0% YoY
Effective rate
10.29%
On assessed value
Assessed land
$4,100
Land market value
$8,200
Total market value
$8,200
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.57 ac (24,624 SF)
Zoning code
I
APN
J2SW1C 3 1A 1033
UPID
US73-3992379
Jurisdiction
NORTHAMPTON
Zoning & alternative use
I · Walnutport, PAZoning I · permitted uses
I · Walnutport, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to provide for industrial uses and select commercial uses or businesses. To carefully control the types of industrial operations to avoid nuisances (such as excessive noise) and hazards.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
35.84 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
40 Third Ave LLC
Entity
Free & Clear · 3 yrs held
Mailing address
101 W 7TH ST, BAYONNE, NJ 07002-1163
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2022
$3,600,000
40 Third Ave LLC
Walnut Equities LLC
Deed
—
Oct 25, 2022
$2,500,000
Walnut Equities LLC
M J F Realty INC
Deed
—
Feb 29, 2008
$1,487,500
Elk Lighting INC
Paris Accessories INC
Warranty Deed
—
—
—
Elk Lighting INC
—
Deed Of Trust
related
$832,000 · Peapack Gladstone 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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