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Property profile & analytics
OFF-MARKET
Warehouses
104 Wood Ave Middlesex, NJ 08846-2551
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-0135127
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
4,250 SF
Lot
0.29 ac (12,500 SF)
Zoning code
IND
APN
10 00291-0000-00006
UPID
US59-0135127
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
-
S & M Carpet Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Praso 104 Wood LLC · 9 yrs held
Praso 104 Wood LLC
since 2017
7 recorded transactions
Zoning & alternative use
IND · Middlesex, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l District. § 420-52 AR-3 Attached Residential District. § 420-53 SCR Senior Citizen Residential District. § 420-54 G-B General Business District. § 420-55 CLW Commercial/Light Manufacturing/Wholesale District. § 420-56 IND Industrial District. § 420-57 HI Heavy Industrial District. § 420-58 M Municipal District. Article VII Conditional Uses § 420-59 Conditi…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
391.04 ac
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 Middlesex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlesex 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,036
Tax year 2022
Assessed value
$595,000
Assessed 2023
Previous assessed
$595,000
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$150,000
Assessed improvement
$445,000
Land market value
$150,000
Improvement market value
$445,000
Total market value
$595,000
Applied tax rate
10.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Heating
NONE
Units
1
Total area
4,250 SF
Lot
0.29 ac (12,500 SF)
Zoning code
IND
APN
10 00291-0000-00006
UPID
US59-0135127
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IND · Middlesex, NJZoning IND · permitted uses
IND · Middlesex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l District. § 420-52 AR-3 Attached Residential District. § 420-53 SCR Senior Citizen Residential District. § 420-54 G-B General Business District. § 420-55 CLW Commercial/Light Manufacturing/Wholesale District. § 420-56 IND Industrial District. § 420-57 HI Heavy Industrial District. § 420-58 M Municipal District. Article VII Conditional Uses § 420-59 Conditional uses. Article VIII Performance Standards § 420-60 Performance standards. Artic
Zone name
Industrial
General category
INDUSTRIAL
Zone area
391.04 ac
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Praso 104 Wood LLC
Entity
Mailing address
104 WOOD AVE, MIDDLESEX, NJ 08846-2551
Ownership since
2017
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
Apr 12, 2017
$336,000
Praso 104 Wood LLC
Merrill,shirley
Grant Deed
—
Aug 29, 2016
—
Shirley Merrill
Merrill,peter F
Quit Claim Deed
related
—
Aug 27, 2013
—
Shirley Merrill
Merrill,peter F
Quit Claim Deed
related
—
Nov 22, 2005
—
Schweitzer,jeffrey D
Schweitzer,donald
Quit Claim Deed
related
—
Nov 22, 2005
$77,500
Merrill,peter F
Merrill,frank & Carmella
Grant Deed
related
—
—
—
Schweitzer,jeffrey
—
Deed Of Trust
related
$80,000 · Peter Merrill
—
—
Merrill,peter F
—
Deed Of Trust
related
$125,000 · Pnc Bk/oh
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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