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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1000 Convery Blvd Perth Amboy, NJ 08861-1932

    • Industrial properties
    • 3,035 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimations
    $430,000
    Show details
    Cap Rate Potential
    8.6%
    Industrial properties
    Location Intelligence
    Property ID
    US59-2310547
    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

    • Lanxess Solutions / Manufacturer / Chemical Plant

    Property Details for 1000 Convery Blvd

    Year built
    1945
    Construction
    BRICK
    Lot size
    1.22 lot acres
    Property size
    3,035 SF
    Zone code
    S-3A
    Property type
    Industrial properties
    APN
    16 00472- 03-00001
    APU
    16004720300001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $570,000
      6.5%
      $525,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $397,000
      Market price range: $97.2k - $397k

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

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2772
    Latitude
    40.539
    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
    2023
    $20,180
    $457,300
    $212,900
    $670,200
    -
    $457,300
    $212,900
    $670,200

    Comparable in this City

    • Value Estimation
      $470,000
      3.35 Acres

      581 Cortlandt St

      INDUSTRIAL (GENERAL) • 3.35 Acres
      581 Cortlandt St, Perth Amboy, NJ 08861-3354
      View Details
    • Value Estimation
      $460,000
      6.10 Acres

      Garretson Ave

      INDUSTRIAL (GENERAL) • 6.10 Acres
      Garretson Ave, Perth Amboy, NJ 08861
      View Details
    • Value Estimation
      $340,000
      0.12 Acres

      144 Grant St Rear

      INDUSTRIAL (GENERAL) • 0.12 Acres
      144 Grant St Rear, Perth Amboy, NJ 08861-4508
      View Details
    • Value Estimation
      $460,000
      3.86 Acres

      1281 State St

      INDUSTRIAL (GENERAL) • 3.86 Acres
      1281 State St, Perth Amboy, NJ 08861
      View Details
    • Value Estimation
      $995,000
      71,440 SF

      35 Washington St

      INDUSTRIAL (GENERAL) • 71,440 SF
      35 Washington St, Perth Amboy, NJ 08861-5083
      View Details
    • Value Estimation
      $620,000
      3,976 SF

      920 High St

      INDUSTRIAL (GENERAL) • 3,976 SF
      920 High St, Perth Amboy, NJ 08861-3079
      View Details

    Similar Nearby for Sale

    • $9,586,160
      57,685 SF

      Perth Amboy Mixed-Use Investment

      Transit-adjacent industrial & retail gem.
      224 Smith St, Perth Amboy, NJ 08861
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      Perth Amboy Industrial Property

      Industrial property available for sale in Perth Amboy, New Jersey.
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    • $6,500,000
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      Industrial Building with Crane Systems

      72,101 SF industrial building featuring multiple cranes and rail access.
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    • $8,800,000
      57,685 SF

      Multi-Story Retail and Manufacturing Space

      Retail and light manufacturing space, 22 miles from Port Newark/Elizabeth.
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    • Contact for pricing
      63,000 SF

      Industrial Space in Perth Amboy

      63,000 SF industrial building with available, air-conditioned unit.
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    • Contact for pricing
      19,156 SF

      Versatile Warehouse in Perth Amboy

      Spacious warehouse suitable for storage, light industrial, or business operations.
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    Similar Nearby for Lease

    • $3,838 /Mo
      7,675 SF

      Perth Amboy Flexible Use Space

      7675 SF flexible space suitable for warehousing, light industrial.
      224 Washington St, Perth Amboy, NJ 08861
      View Details
    • $14 SF/Yr
      4,500 SF

      Industrial Warehouse Space For Rent

      4,500 square foot industrial warehouse space available for lease.
      224 Market St, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      10,700 SF

      Industrial Space with Multiple Doors

      10,700 SF industrial space featuring 11 drive-in and dock doors.
      440 Florida Grove Rd, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      800,000 SF

      Industrial Buildings Near NJ Turnpike

      Two industrial buildings available for lease near major transportation routes.
      1160 State St, Perth Amboy, NJ 08861
      View Details
    • $9 SF/Yr
      150,000 SF

      Perth Amboy Warehouse Space

      150,000 SF warehouse space near major highways.
      1 Buckingham Ave, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      2,813 SF

      Retail Space in Neighborhood Center

      2,813 SF retail space available in Perth Amboy, NJ.
      365 Convery Blvd, Perth Amboy, NJ 08861
      View Details
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    1000 Convery Blvd
    Perth Amboy, NJ 08861-1932
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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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