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Property profile & analytics
OFF-MARKET
Estimated value
$22,090,000
Industrial properties
1007 Jersey Ave New Brunswick, NJ 08901-3626
Individually Owned
4-yr Hold
Free & Clear
Property ID
US59-1436543
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
47,794 SF
Lot
3.8 ac (165,528 SF)
Zoning code
I-2E
APN
13 00597-0000-00001- 04
UPID
US59-1436543
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.75M
Blend (final)
Blend
$22.09M
Owner & transaction history
Ess Storage Acquisition Seventy One · 4 yrs held
Ess Storage Acquisition Seventy One
since 2022
Last sale
$21.8M
7 recorded transactions
Zoning & alternative use
I-2E · New Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.6M
+27.8%
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 New Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brunswick 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
$23,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,595,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$22.09M
Range $19.88M – $24.30M · ±10% · vs last sale $21.80M (Jan 18 2022)
Last sale anchor
$21.80M
Jan 18 2022
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
$462 / 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
$355,429
Tax year 2022
Assessed value
$17,440,000
Assessed 2023
Previous assessed
$17,440,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$810,000
Assessed improvement
$16,630,000
Land market value
$810,000
Improvement market value
$16,630,000
Total market value
$17,440,000
Applied tax rate
13.0000
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
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Units
1
Total area
47,794 SF
Lot
3.8 ac (165,528 SF)
Zoning code
I-2E
APN
13 00597-0000-00001- 04
UPID
US59-1436543
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2E · New Brunswick, NJ
Zoning I-2E · permitted uses
I-2E · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$13.6M
OFFICE BUILDING
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
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Units
1
Lot
3.8 ac
Current owner
From public records · entity-resolved
Ess Storage Acquisition Seventy One
Individual
Free & Clear · 4 yrs held
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
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
$20,500,000 · First Sthrn Nat'l Bk
Aug 29, 2018
—
Jersey Avenie Stiorage LP
—
Deed
related
$13,250,000 · 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
$20,500,000 · First Sthrn Nat'l Bk
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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