Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1007 Jersey Ave New Brunswick, NJ 08901-3626
    Back to Search
    Property profile & analytics

    1007 Jersey Ave, New Brunswick, NJ 08901-3626

    View on Map
    • Industrial properties
    • 47,794 SF
    • 3.80 lot acres
    Off-Market
    Last Sale Jan 18, 2022
    $21,800,000
    Property ID
    US59-1436543
    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.
    Value Estimations
    $22,090,000
    Show details
    Cap Rate Potential
    2.3%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Extra Space Storage / Storage Facility

    Property Details for 1007 Jersey Ave

    Year built
    1950
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.80 lot acres
    Zone code
    I-2E
    Property type
    Industrial properties
    APN
    13 00597-0000-00001- 04
    APU
    130059700000000104

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 18, 2022 $21,800,000 Ess Storage Acquisition Seventy One Jersey Avenue Storage LP Deed —
    May 19, 2020 — Jersey Avenue Storage LP — Deed · related $20.5M · First Sthrn Nat'l Bk
    Aug 29, 2018 — Jersey Avenie Stiorage LP — Deed · related $13.3M · First Southern National Bank
    May 9, 2018 — Jersey Avenue Storage LP Jersey Avenue Storage LP Quit Claim Deed · related —
    Mar 29, 2017 $2,775,000 Jersey Avenue Storage LP New Brunswick Ventures LLC Grant Deed —
    Jul 9, 2012 $1,300,000 New Brunswick Ventures LLC Epic Holding Co INC Grant Deed —
    — — Jersey Avenue Storage LP — Loan Modification · related $20.5M · First Sthrn Nat'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $23,010,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,753,000
      Market price range: $5.78M - $21.8M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $13,595,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4791
    Latitude
    40.4693
    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
    $355,429
    $810,000
    $16,630,000
    $17,440,000
    -
    $810,000
    $16,630,000
    $17,440,000

    Comparable in this City

    • Value Estimation by Request
      1.11 Acres

      235 Jersey Ave

      INDUSTRIAL (GENERAL)
      235 Jersey Ave, New Brunswick, NJ 08901-3281
      View Details
    • Value Estimation by Request
      6.76 Acres

      30 Van Dyke Ave

      INDUSTRIAL (GENERAL)
      30 Van Dyke Ave, New Brunswick, NJ 08901-3253
      View Details
    • Value Estimation
      $4,895,000
      45,190 SF

      3 Terminal Rd

      INDUSTRIAL (GENERAL)
      3 Terminal Rd, New Brunswick, NJ 08901-3615
      View Details
    • Value Estimation
      $4,720,000
      47,106 SF

      1010 Jersey Ave

      INDUSTRIAL (GENERAL)
      1010 Jersey Ave, New Brunswick, NJ 08901-3625
      View Details
    • Value Estimation
      $40,000,000
      5.19 Acres

      40 Van Dyke Ave

      INDUSTRIAL (GENERAL)
      40 Van Dyke Ave, New Brunswick, NJ 08901-3253
      View Details
    • Value Estimation by Request
      3.12 Acres

      777 Jersey Ave

      INDUSTRIAL (GENERAL)
      777 Jersey Ave, New Brunswick, NJ 08901-3695
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,450 SF

      Commercial Space with Visible Frontage

      Open commercial space ideal for storage, manufacturing, and distribution.
      66 Georges Rd, New Brunswick, NJ 08901
      View Details
    • Contact for pricing
      138,000 SF

      Industrial Warehouse with Expansion Potential

      138,000 SF industrial warehouse with expansion plans available.
      745 Joyce Kilmer Ave, New Brunswick, NJ 08901
      View Details
    • Contact for pricing
      4,752 SF

      New Brunswick 18-Unit Investment Property

      High-yield investment opportunity near Rutgers University with strong cash flow.
      163 Livingston Ave, New Brunswick, NJ 08901
      View Details
    • Contact for pricing
      1,150 SF

      New Brunswick Office/Mixed Use Space

      Open-concept office/mixed-use space with ample parking and excellent visibility.
      120 Georges Rd, New Brunswick, NJ 08901
      View Details
    • Contact for pricing
      5,062 SF

      New Brunswick Commercial Space Available

      Versatile commercial space in a high-demand New Brunswick market.
      161 New St, New Brunswick, NJ 08901
      View Details
    • $515,000
      1,760 SF

      New Brunswick Investment Opportunity

      Well-maintained two-unit property near Rutgers University and downtown.
      15 S Ward St, New Brunswick, NJ 08901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Units for Lease

      Industrial units available with easy highway access and parking.
      11 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Space Near Major Routes

      Industrial spaces available with easy access to major transportation routes.
      7 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Space Near Major Routes

      Flex/industrial space available with easy highway access.
      7 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Unit with Easy Access

      7,380 SF industrial unit with tailgates and drive-in access.
      14 Jules Ln, New Brunswick, NJ 08901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1007 Jersey Ave
    New Brunswick, NJ 08901-3626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1007 Jersey Ave, New Brunswick, NJ, 08901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!