227 PROGRESS DRIVE
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Location
227 PROGRESS DRIVE
Mblu
105/ 4670/ 227/ /
Acct#
467000227
Owner
SL 227 PROGRESS DRIVE LLC
Total Assessment
$642,100
Appraisal
$917,100
PID
13527
Building Count
1
DISTRICT
T
CONCRETE
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2021$619,900$297,200$917,100
Assessment
Valuation YearImprovementsLandTotal
2021$434,100$208,000$642,100

Owner of Record
OwnerSL 227 PROGRESS DRIVE LLC
Address195 MORRISTOWN ROAD
BASKING RIDGE, NJ 07920
Sale Price$968,108
Certificate
Book & Page 4584/0620
Sale Date01/24/2019
Instrument33

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
SL 227 PROGRESS DRIVE LLC$968,108 4584/06203301/24/2019
NEW BEVERLY REALTY LLP$0C2175/0264WD06/09/2000
FIRST INDUSTRIAL L P$514,680 1968/0204 04/02/1998

Building Information
Building 1 : Section 1
Year Built: 1985
Living Area: 19,800
Replacement Cost: $929,102
Replacement Cost
Less Depreciation:
$557,500
Building Attributes
FieldDescription
Style:Light Indust
ModelInd/Comm
GradeAverage
Stories:1
Occupancy3.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureShed
Roof CoverEnam Mtl Shing
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypePartial
Bldg UseIndustrial 96
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:300
Heat/ACHeat/AC Packag
Frame TypeSteel
Baths/PlumbingAverage
Ceiling/WallCeil & Min Wl
Rooms/PrtnsAverage
Wall Height18.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 14,700 14,700
AOFOffice, (Average) 5,100 5,100
FOPPorch, Open 260 0
   20,060 19,800

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1Sprinklers-Wet19800.00 S.F.$17,8001
A/CPartial AC5100.00 S.F.$6,1001

Land
Land Use
Use Code300
DescriptionIndustrial 96  
ZoneIND
Neighborhood4000
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)2.51
Frontage0
Depth0
Total Assessed Land$208,000
Appraised Value$297,200

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1Paving Asphalt  30776.00 S.F.$38,5001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$619,900$297,200$917,100
2023$619,900$297,200$917,100
2022$619,900$297,200$917,100

Assessment
Valuation YearImprovementsLandTotal
2024$434,100$208,000$642,100
2023$434,100$208,000$642,100
2022$434,100$208,000$642,100

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