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Property profile & analytics
FOR LEASE
Industrial properties
10 Constitution Ave Piscataway, NJ 08854
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0757640
For Lease
1 / 2
$8,850,000
10 Constitution Ave, Piscataway, NJ 08854
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Total area
27,160 SF
Lot
17.21 ac (749,668 SF)
Zoning code
LI5
APN
17 05901-0000-00003- 23
UPID
US59-0757640
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Flexkeep Storage Facility Storage Facility
-
Lavender Insurance Agency NJ Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$8.85M
Owner & transaction history
Bp Piscataway Nj Urban Renewal LLC · 2 yrs held
Bp Piscataway Nj Urban Renewal LLC
since 2024
Last sale
$8.0M
6 recorded transactions
Zoning & alternative use
LI5 · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.4M
+20.9%
Apartment house (5+ units)
$6.7M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Piscataway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piscataway submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,675,000
ML approach
$8,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,145,000
Current use
OFFICE BUILDING
$7,425,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,690,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,090,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$8.85M
Range $7.97M – $9.74M · ±10% · vs last sale $8.03M (Feb 8 2023)
Last sale anchor
$8.03M
Feb 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$326 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$255,140
Tax year 2022
Assessed value
$12,545,000
Assessed 2023
Previous assessed
$12,545,000
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$12,495,000
Assessed improvement
$50,000
Land market value
$12,495,000
Improvement market value
$50,000
Total market value
$12,545,000
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1990
Heating
NONE
Stories
2
Total area
27,160 SF
Lot
17.21 ac (749,668 SF)
Zoning code
LI5
APN
17 05901-0000-00003- 23
UPID
US59-0757640
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI5 · Piscataway, NJ
Zoning LI5 · permitted uses
LI5 · Piscataway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Piscataway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.1M
OFFICE BUILDING
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
2
Lot
17.21 ac
Current owner
From public records · entity-resolved
Bp Piscataway Nj Urban Renewal LLC
Entity
Free & Clear · 2 yrs held
Mailing address
92 HEADQUARTERS PLZ STE #700, MORRISTOWN, NJ 07960-6834
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Bp Piscataway Nj Urban Renewal LLC
—
Deed
related
$27,100,000 · Jackson National Life Insurance Company
Jul 11, 2024
$45,850,000
Bp Piscataway Nj Urban Renewal LLC
Rg Constitution Urban Renewal LLC
Deed
—
Feb 8, 2023
$8,025,000
Rg Constitution Urban Renewal LLC
Ws Audiology USA INC
Deed
—
Dec 31, 2019
—
Sivantos INC
Sivantos INC
Quit Claim Deed
related
—
Dec 31, 2019
$2,300,000
Tyde Properties LLC
Sivantos INC
Grant Deed
—
Dec 28, 2009
$11,595,497
Siemens Hearing Instruments
Siemens Corp
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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