475 RESEARCH PKWY
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Location
475 RESEARCH PKWY
Mblu
0917/ 0322/ 005B/ 0000/
Acct#
15686
Owner
MERI PROPERTIES
Total Market Value
$2,379,900
Appraisal
$3,399,800
PID
15686
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$2,154,500$1,245,300$3,399,800
Assessment
Valuation YearImprovementsLandTotal
2025$1,508,200$871,700$2,379,900

Owner of Record
OwnerMERI PROPERTIES
Co-Owner
Address301 ROUTE 17 STE 406
RUTHERFORD, NJ 07070
Sale Price$4,500,000
Book & Page 2832/177
Sale Date03/21/2002
Instrument99
QualifiedU

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
MERI PROPERTIES$4,500,0002832/1779903/21/2002
IMPER REALTY CORP$02014/1339904/15/1994

Building Information
Building 1 : Section 1
Year Built: 1971
Living Area: 45,554
Replacement Cost: $2,868,452
Building Percent Good: 63
Replacement Cost
Less Depreciation:
$1,807,100
Building Attributes
FieldDescription
StyleStorage Warehouse
ModelComm/Ind
GradeC
Stories1
Occupancy1
Exterior Wall 1Stone/Masonry
Exterior Wall 2Aluminum Sidng
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Minimum
Interior Wall 2 
Interior Floor 1Concrete
Interior Floor 2 
Heat FuelGas
Heat TypeForced Hot Air
AC TypeCentral
Bldg UseCommercial
Total Rooms 
Total Bedrooms 
Total Full Bath(s)0
Total Half Bath(s)0
Extra Fixture(s)0
Fireplace(s)0
Extra Opening(s) 
Gas Fireplace(s) 
WS Flues0
Heat/ACHT/AC PACKAGE
FrameMasonry
Baths/PlumbingAverage
Ceiling/Wall 
Rooms/Prtns 
Wall Height20.00
% Sprinkled100
1st Floor Use 
Bsmt Garage0
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
WHSWAREHOUSE 40,656 40,656
BASFIRST FLOOR 2,449 2,449
FUSFINISHED UPPER STORY 2,449 2,449
CANCANOPY 4,164 0
FGRGARAGE 4,108 0
   53,826 45,554

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
CGENCOMM GENERATOR1.00 UNIT$0$01

Land
Land Use
Use Code201
DescriptionCommercial  
NeighborhoodI1
Land Line Valuation
Size (Acres)11.86
Total Market Land$871,700
Appraised Value$1,245,300

Outbuildings
Outbuildings
CodeDescriptionSizeValueAssessed ValueBldg #
SHD1SHED60.00 S.F.$500$4001
GEN2COM GEN L1.00 UNITS$0$01
PAV1PAVING225000.00 S.F.$241,900$169,3001
FN11FENCE-5' CHAIN14000.00 L.F$105,000$73,5001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$1,676,600$1,386,600$3,063,200
2023$1,676,600$1,386,600$3,063,200

Assessment
Valuation YearImprovementsLandTotal
2024$1,173,620$970,620$2,144,240
2023$1,173,620$970,620$2,144,240

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