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Property profile & analytics
OFF-MARKET
Estimated value
$48,070,000
Industrial properties
10 Corn Rd, Dayton, NJ 08810-1527
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1152946
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Total area
250,513 SF
Lot
33.89 ac (1,476,423 SF)
Zoning code
I-3
APN
21 00015- 01-00012- 04
UPID
US59-1152946
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
-
Summit Transportation Inc Trucking Company
-
Sunny Delight Beverages Co Warehouse & Storage
-
Triangle Warehouse Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$43.26M
Comparable Approach
Comparable
$30.29M
Blend (final)
Blend
$48.07M
Owner & transaction history
Centerpoint Corn Road LLC · 4 yrs held
Centerpoint Corn Road LLC
since 2021
Last sale
$59.4M
4 recorded transactions
Zoning & alternative use
I-3 · Dayton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$68.5M
+22.8%
Apartment house (5+ units)
$61.7M
+10.7%
Commercial (general)
$56.2M
+0.7%
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$46,865,000
6.5%
$43,260,000
7%
$40,170,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$55,775,000
Current use
OFFICE BUILDING
$68,500,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$61,725,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$56,165,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$48.07M
Range $43.26M – $52.88M · ±10% · vs last sale $59.36M (Jul 15 2021)
Last sale anchor
$59.36M
Jul 15 2021
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
$192 / 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
$366,343
Tax year 2022
Assessed value
$7,250,000
Assessed 2023
Previous assessed
$7,250,000
+0.0% YoY
Effective rate
5.05%
On assessed value
Assessed land
$2,711,500
Assessed improvement
$4,538,500
Land market value
$2,711,500
Improvement market value
$4,538,500
Total market value
$7,250,000
Applied tax rate
21.0000
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
Off-Market
Year built
1975
Heating
NONE
Stories
1
Units
1
Total area
250,513 SF
Lot
33.89 ac (1,476,423 SF)
Zoning code
I-3
APN
21 00015- 01-00012- 04
UPID
US59-1152946
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-3 · Dayton, NJ
Zoning I-3 · permitted uses
I-3 · Dayton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dayton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$55.8M
OFFICE BUILDING
Est. value
$68.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$61.7M
COMMERCIAL (GENERAL)
Est. value
$56.2M
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
1975
Heating
NONE
Stories
1
Units
1
Lot
33.89 ac
Current owner
From public records · entity-resolved
Centerpoint Corn Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1808 SWIFT DR, OAK BROOK, IL 60523-1573
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
$59,364,314
Centerpoint Corn Road LLC
Spirit Master Funding X LLC
Bargain And Sale Deed
—
Dec 7, 2016
$27,350,000
Spirit Master Fndg X LLC
Agnl Beverages LLC
Grant Deed
—
Jun 19, 2007
$23,648,289
Agnl Beverages LLC
Sunny Delight Beverages
Grant Deed
$43,500,000 · Bear Stearns Com'l Mtg
—
—
Sunny Delight Beverages Co
—
Deed Of Trust
related
$40,000,000 · Ubs Ag Stamford Br
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.
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