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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Industrial properties
107 How Ln New Brunswick, NJ 08901-3655
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1581246
Property summary
AI-generated overview
This exceptional New Brunswick, NJ industrial property offers a diverse portfolio of three buildings totaling 38,000 square feet on a 6.5-acre lot. The property features a mix of warehouse and distribution space, ideal for multiple tenants. Building sizes range from 8,000 to 19,500 square feet, with flexible lease options available. The buildings boast impressive features including ceiling heights ranging from 14 to 24 feet, 23 dock-high doors, and 20 drive-in doors. Zoned I-2E, this property provides ample on-site paved parking and outdoor storage. Dual access points from How Lane and Jersey Avenue ensure convenient access and logistics. The property's strategic location in Middlesex County, New Jersey, offers easy access to major transportation arteries, making it an attractive option for businesses seeking efficient distribution and operations. The asking price is $30,000 per acre net, including the buildings. This represents a significant opportunity for investors and businesses seeking a versatile and well-located industrial property. Contact us today to learn more about this exceptional investment opportunity.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Construction
BRICK
Total area
10,300 SF
Lot
6.4 ac (278,784 SF)
Zoning code
I-2E
APN
13 00597-0000-00012- 01
UPID
US59-1581246
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
-
Forte Pallet Freight Service Logistics Company
-
107 How Lane Realty LLC Real Estate Agency
-
Master co & renovations Construction Company
-
Associated Truck Parts Auto Repair Shop Big Box & Wholesale Store
-
Tasolutionsnj Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
107 How Owner LLC · 1 yrs held
107 How Owner LLC
since 2024
5 recorded transactions
Zoning & alternative use
I-2E · New Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10%
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
$95 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$56,396
Tax year 2023
Assessed value
$2,217,700
Assessed 2024
Previous assessed
$2,217,700
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$1,092,000
Assessed improvement
$1,125,700
Land market value
$1,092,000
Improvement market value
$1,125,700
Total market value
$2,217,700
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
BRICK
Heating
NONE
Stories
3
Units
1
Total area
10,300 SF
Lot
6.4 ac (278,784 SF)
Zoning code
I-2E
APN
13 00597-0000-00012- 01
UPID
US59-1581246
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.
Building & site characteristics
From public records
Year built
1950
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
6.4 ac
Current owner
From public records · entity-resolved
107 How Owner LLC
Entity
Mailing address
7315 WISCONSIN AVE, NEW BRUNSWICK, NJ
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
107 How Owner LLC
107 How Lane Realty LLC
Deed
$13,600,000 · Byline Bank
Jul 11, 2016
—
107 How Lane Realty LLC
—
Deed
related
$500,000 · First Choice Bk
Dec 14, 2005
—
107 How Lane Realty LLC
J & R Cartage Co INC
Grant Deed
related
—
—
—
107 How Lane Realty LLC
—
Deed Of Trust
related
$1,400,000 · New Millennium Bank
—
—
107 How Lane Realty LLC
—
Deed Of Trust
related
$500,000 · First Choice 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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