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    Property profile & analytics

    15 High St Whitehouse Station, NJ 08889-4010

    • Industrial properties
    • 1,232 SF
    • 2.03 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    4.2%
    Industrial properties
    Location Intelligence
    Property ID
    US59-1251829
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Demza Masonry Construction / Masonry Contractor
    • Speranza Brick Work Inc / Masonry Contractor

    Property Details for 15 High St

    Year built
    1930
    Lot size
    2.03 lot acres
    Property size
    1,232 SF
    Zone code
    VR
    Property type
    Industrial properties
    APN
    22 00022-0000-00058
    APU
    2200022000000058

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $230,000
      6.5%
      $215,000
      7%
      $200,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $235,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Whitehouse Station
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.7746
    Latitude
    40.6162
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,748
    $150,600
    $313,400
    $464,000
    -
    $150,600
    $313,400
    $464,000

    Comparable in this City

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      3.00 Acres

      8 Coddington Rd

      INDUSTRIAL (GENERAL) • 3.00 Acres
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    • Value Estimation by Request
      11.28 Acres

      12 Coddington Rd

      INDUSTRIAL (GENERAL) • 11.28 Acres
      12 Coddington Rd, Whitehouse Station, NJ 08889-3629
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    • Value Estimation
      $485,000
      680 SF

      30 Haver Pl

      INDUSTRIAL (GENERAL) • 680 SF
      30 Haver Pl, Whitehouse Station, NJ 08889-3426
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    • Value Estimation
      $345,000
      3,460 SF

      114 Pulaski Rd

      INDUSTRIAL (GENERAL) • 3,460 SF
      114 Pulaski Rd, Whitehouse Station, NJ 08889-3101
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    • Value Estimation
      $700,000
      22,597 SF

      25 Coddington Rd

      INDUSTRIAL (GENERAL) • 22,597 SF
      25 Coddington Rd, Whitehouse Station, NJ 08889-3630
      View Details
    • Value Estimation
      $355,000
      8.38 Acres

      25 Rdg Rd

      INDUSTRIAL (GENERAL) • 8.38 Acres
      25 Rdg Rd, Whitehouse Station, NJ 08889-3641
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Somerville Office Space - 2500 SF

      Prime 2nd floor office, ample parking, easy highway access.
      372 Rt 22, Somerville, NJ 08889
      View Details
    • $825,000
      2,744 SF

      Renovated Victorian Colonial Mixed-Use Property

      Fully renovated mixed-use property in Whitehouse Station with endless possibilities.
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      7.38 Acres

      Readington Twp. Land Opportunity

      7.38 acres of land with development potential.
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      Also small kitchenettes for convenient spot for employees. Great also for medical use""""}"""

      Prime Somerville Commercial Space
      372 Rt 22, Somerville, NJ 08889
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      Top Floor Corner End Unit

      Luxury 2-bedroom condo in 55+ community with garage and upgrades.
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      Nearly six-acre lot suitable for a larger residence.
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    Similar Nearby for Lease

    • $13 SF/Yr
      92,000 SF

      Industrial Space in Whitehouse Station

      92,000 square feet of industrial space for lease.
      12 Coddington Rd, White House Station, NJ 08889
      View Details
    • $1,700 /Mo
      1,200 SF

      Readington Warehouse Space on Route 22

      Warehouse space ideal for equipment storage and contractor use.
      3571 Rte, Whitehouse Station, NJ 08889
      View Details
    • Contact for pricing

      Retail Space in Busy Mall

      Retail space with hardwood floors in a busy shopping mall.
      431 Rte 22 East, Whitehouse Station, NJ 08889
      View Details
    • Contact for pricing
      2,200 SF

      Prime Tewksbury Retail Space

      Freestanding building, 2,200 sq ft, 15 parking spaces
      172 Oldwick Rd, Tewksbury, NJ 08889
      View Details
    • Contact for pricing

      Retail Space in Readington Mall

      Lower level retail space in a busy highway mall.
      431 Rte 22 East, Whitehouse Station, NJ 08889
      View Details
    • $15 SF/Yr

      Readington Office Building for Lease

      4,132 SF office space available for lease in Readington.
      1 Old Highway 28, Whitehouse Station, NJ 08889
      View Details
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    15 High St
    Whitehouse Station, NJ 08889-4010
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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