Water St Belvidere, NJ 07823
Individually Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$3.23M
Range $2.90M – $3.55M (±10%)
Property ID
US59-2299692
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1965
Construction
BRICK
Total area
17,074 SF
Lot
60.46 ac (2,633,638 SF)
Zoning code
LM
APN
03 00002-0000-00001
UPID
US59-2299692
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$3.23M
Owner & transaction history
Zoning & alternative use
LM · Belvidere, NJ
Zoning description
lished on the zoning map of the Town of Belvidere, which accompanies and is hereby made part of this Ordinance. Said map is amended per Ordinance No. 2019-07 as follows: (a) Block 10, Lot 3.01, currently situated in the…
General category
INDUSTRIAL
Top alternative use upside
Office building
$2.8M
+59.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.23M
Value range
$2.90M – $3.55M
±10% around blend
Estimated value / SF
$189 / SF
Confidence
Low
3 county-verified comps
Property data
88
Comparable evidence
30
$2.90M
blend $3.23M
$3.55M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,074 SF
Lot area
60.46 ac
Year built
1965
Stories
1
APN
03 00002-0000-00001
Assessed value
$10,533,000
Annual tax
$324,206
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.86M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.9 mi away · 15,255 SF
24.5 mi away · 13,480 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.23M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+60%
vs current-use indication
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.53M
Move the market yield to see immediate price impact.
Value / SF
$617
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$664k
$13.27M
$9.48M
$7.37M
$737k
$14.75M
$10.53M
$8.19M
$811k
$16.22M
$11.59M
$9.01M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$7.00M
11.0 mi · Sep 2025 · $451/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$324,206
Tax year 2023
Assessed value
$10,533,000
Assessed 2024
Previous assessed
$10,533,000
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$3,000,000
Assessed improvement
$7,533,000
Land market value
$3,000,000
Improvement market value
$7,533,000
Total market value
$10,533,000
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
17,074 SF
Lot
60.46 ac (2,633,638 SF)
Zoning code
LM
APN
03 00002-0000-00001
UPID
US59-2299692
Jurisdiction
WARREN
Zoning & alternative use
LM · Belvidere, NJZoning LM · permitted uses
LM · Belvidere, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
lished on the zoning map of the Town of Belvidere, which accompanies and is hereby made part of this Ordinance. Said map is amended per Ordinance No. 2019-07 as follows: (a) Block 10, Lot 3.01, currently situated in the…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
60.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
LM
INDUSTRIAL
Jurisdiction
Belvidere, NJ
Recorded code
LM
Official district
LM
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LM in Belvidere, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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