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    Property profile & analytics

    4 American Way Spotswood, NJ 08884-1280

    • Industrial properties
    • 77,981 SF
    • 14.96 lot acres
    OFF-MARKET
    Last Sale
    Feb 23, 2021
    $9,200,000
    Value Estimations
    $11,800,000
    Show details
    Cap Rate Potential
    7.4%
    Industrial properties
    Location Intelligence
    Property ID
    US59-2180018
    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

    • Dart Seasonal Products Inc / Snow Removal Service / Store

    Property Details for 4 American Way

    Lot size
    14.96 lot acres
    Property size
    77,981 SF
    Property type
    Industrial properties
    APN
    24 00091- 3-00006
    APU
    2400091300006

    Description

    This exceptional 79,500-square-foot warehouse, situated on a generous 14.96-acre lot in Spotswood, New Jersey, presents a compelling investment opportunity. The single-story building features 11 loading docks and one dock-high door, ensuring efficient loading and unloading operations. Ceiling heights range from 16 to 24 feet, providing ample vertical space for storage and various industrial uses. The property is zoned for light industrial use, offering flexibility for a range of businesses. Its strategic location offers convenient access to major transportation arteries. Located just one mile from the New Jersey Turnpike and Route 1, this property provides seamless connectivity to regional and national transportation networks. Furthermore, its proximity to the Port of Newark/Elizabeth (approximately 30 minutes away) makes it an ideal location for businesses involved in import/export activities. The expansive lot size allows for significant outdoor storage and trailer parking, adding considerable value and operational flexibility. This property is an excellent choice for businesses seeking a well-located, spacious, and functional warehouse facility in a thriving industrial area. The address is 4 American Way, Spotswood, NJ 08884, within Middlesex County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,830,000
      ML approach
      $11,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,590,000
      6.5%
      $13,465,000
      7%
      $12,505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,429,000
      Market price range: $9.43M - $35.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spotswood
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3834
    Latitude
    40.4035
    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
    $103,258
    $1,496,000
    $1,447,500
    $2,943,500
    -
    $1,496,000
    $1,447,500
    $2,943,500

    Comparable in this City

    • Value Estimation
      $365,000
      3,000 SF

      9 American Way

      INDUSTRIAL (GENERAL) • 3,000 SF
      9 American Way, Spotswood, NJ 08884-1254
      View Details
    • Value Estimation
      $1,125,000
      179,144 SF

      Summerhill Rd

      INDUSTRIAL (GENERAL) • 179,144 SF
      Summerhill Rd, Spotswood, NJ 08884
      View Details
    • Value Estimation
      $5,560,000
      19,712 SF

      190 Summerhill Rd

      INDUSTRIAL (GENERAL) • 19,712 SF
      190 Summerhill Rd, Spotswood, NJ 08884-1235
      View Details
    • Value Estimation
      $510,000
      8,512 SF

      340 Manalapan Rd

      COMMERCIAL (GENERAL) • 8,512 SF
      340 Manalapan Rd, Spotswood, NJ 08884
      View Details
    • Value Estimation
      $640,000
      25,278 SF

      100 Summerhill Rd

      COMMERCIAL (GENERAL) • 25,278 SF
      100 Summerhill Rd, Spotswood, NJ 08884-1208
      View Details
    • Value Estimation by Request

      491 Manalapan Rd

      Retail properties
      491 Manalapan Rd, Spotswood, NJ 08884
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,516 SF

      Spotswood Warehouse with High Ceilings

      4,500 sqft warehouse with 26 ft ceilings in Spotswood.
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      Versatile Warehouse in Spotswood, NJ

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      9.80 Acres

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      Prime Spotswood location, 9.8 acres, high visibility.
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      Pending

      Land Opportunity in Spotswood, NJ

      Land available in desirable Spotswood, NJ for custom build.
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      Spotswood Residential Land For Sale

      Wooded lot in Spotswood, NJ, perfect for custom retreat.
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      9.80 Acres

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      Large Retail/Food Space, High Traffic Area
      Manalapan Rd, Spotswood, NJ 08884
      View Details

    Similar Nearby for Lease

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      654,640 SF

      Distribution Facility with 40' Clearance

      654,640 SF distribution facility featuring 40' clear height.
      85 Main St, Spotswood, NJ 08884
      View Details
    • $2,200 /Mo

      Main Street Retail/Office Space

      Retail or office space on a busy main street.
      320 Main St, Spotswood, NJ 08884
      View Details
    • Contact for pricing
      960 SF

      Modern Office Space For Rent

      Modern office space available with Bank of America branch on-site.
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      View Details
    • $20 SF/Yr
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      Downtown Spotswood Commercial Land

      Prime Spotswood location, renovated commercial building.
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      Main Street Retail/Office Opportunity

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      View Details
    • $1,950 /Mo

      Renovated One-Bedroom Apartment in Spotswood

      Newly renovated 1-bedroom apartment in Spotswood, NJ, near amenities.
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      View Details
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    4 American Way
    Spotswood, NJ 08884-1280
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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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