118 SANRICO DRIVE
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Location
118 SANRICO DRIVE
Mblu
104/ 4975/ 118/ /
Acct#
497500118
Owner
SL 118 SANRICO DRIVE LLC
Total Assessment
$1,389,100
Appraisal
$1,984,300
PID
14227
Building Count
2
DISTRICT
T
CONCRETE
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2021$1,384,300$600,000$1,984,300
Assessment
Valuation YearImprovementsLandTotal
2021$969,100$420,000$1,389,100

Owner of Record
OwnerSL 118 SANRICO DRIVE LLC
Address195 MORRISTOWN ROAD
BASKING RIDGE, NJ 07920
Sale Price$2,775,000
Certificate
Book & Page 4584/0630
Sale Date01/24/2019
Instrument33

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
SL 118 SANRICO DRIVE LLC$2,775,000 4584/06303301/24/2019
SAN RICO RP REALTY LLP$1,375,000 4385/00813310/18/2016
ARAMIS ASSOCIATES LLC$0C1859/0142 11/07/1996

Building Information
Building 1 : Section 1
Year Built: 1987
Living Area: 40,896
Replacement Cost: $1,486,742
Replacement Cost
Less Depreciation:
$1,115,100
Building Attributes
FieldDescription
Style:Pre-Eng Warehs
ModelInd/Comm
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureGable/Hip
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 Height20.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 40,896 40,896
FOPPorch, Open 64 0
   40,960 40,896
Building 2 : Section 1
Year Built: 1995
Living Area: 1,628
Replacement Cost: $67,139
Replacement Cost
Less Depreciation:
$53,700
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Pre-Eng Warehs
ModelInd/Comm
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverTar + Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelCoal or Wood
Heating TypeNone
AC TypeNone
Bldg UseIndustrial 96
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:300
Heat/ACNone
Frame TypeSteel
Baths/PlumbingAverage
Ceiling/WallCeil & Min Wl
Rooms/PrtnsAverage
Wall Height20.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 1,628 1,628
   1,628 1,628

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
LDL2Ld Lvlr-Manual5.00 UNITS$3,8001
SPR1Sprinklers-Wet41164.00 S.F.$46,3001
A/CPartial AC2260.00 S.F.$3,4001

Land
Land Use
Use Code300
DescriptionIndustrial 96  
ZoneIND
Neighborhood4500
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)3.75
Frontage0
Depth0
Total Assessed Land$420,000
Appraised Value$600,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1Paving Asphalt  111822.00 S.F.$139,8001
FN4Fence 8' Chain  740.00 L.F.$22,2001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$1,384,300$600,000$1,984,300
2023$1,384,300$600,000$1,984,300
2022$1,384,300$600,000$1,984,300

Assessment
Valuation YearImprovementsLandTotal
2024$969,100$420,000$1,389,100
2023$969,100$420,000$1,389,100
2022$969,100$420,000$1,389,100

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