Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    107 How Ln New Brunswick, NJ 08901-3655

    • Industrial properties
    • 10,300 SF
    • 6.40 lot acres
    OFF-MARKET
    Last Sale
    Aug 20, 2024
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1581246
    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

    • 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

    Property Details for 107 How Ln

    Year built
    1950
    Construction
    BRICK
    Lot size
    6.40 lot acres
    Property size
    10,300 SF
    Zone code
    I-2E
    Property type
    Industrial properties
    APN
    13 00597-0000-00012- 01
    APU
    130059700000001201

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4801
    Latitude
    40.47
    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
    $56,396
    $1,092,000
    $1,125,700
    $2,217,700
    -
    $1,092,000
    $1,125,700
    $2,217,700

    Comparable in this City

    • Value Estimation
      $730,000
      23.74 Acres

      625 Jersey Ave

      INDUSTRIAL (GENERAL) • 23.74 Acres
      625 Jersey Ave, New Brunswick, NJ 08901-3678
      View Details
    • Value Estimation
      $685,000
      3,099 SF

      122 Quentin Ave

      INDUSTRIAL (GENERAL) • 3,099 SF
      122 Quentin Ave, New Brunswick, NJ 08901-3263
      View Details
    • Value Estimation
      $9,840,000
      11,760 SF

      703 Jersey Ave

      INDUSTRIAL (GENERAL) • 11,760 SF
      703 Jersey Ave, New Brunswick, NJ 08901-3651
      View Details
    • Value Estimation
      $2,245,000
      20,300 SF

      5 Industrial Dr

      INDUSTRIAL (GENERAL) • 20,300 SF
      5 Industrial Dr, New Brunswick, NJ 08901-3633
      View Details
    • Value Estimation by Request
      1.77 Acres

      3 Janine Pl

      INDUSTRIAL (GENERAL) • 1.77 Acres
      3 Janine Pl, New Brunswick, NJ 08901
      View Details
    • Value Estimation
      $1,315,000
      12,051 SF

      11 Jules Ln

      INDUSTRIAL (GENERAL) • 12,051 SF
      11 Jules Ln, New Brunswick, NJ 08901
      View Details

    Similar Nearby for Sale

    • 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
      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
      3,392 SF

      Downtown New Brunswick Office Space

      Office space in downtown New Brunswick, perfect for professional services.
      127 Livingston Ave, New Brunswick, NJ 08901
      View Details
    • Contact for pricing
      4,752 SF

      Fully Rented 18-Unit Rooming House

      18-unit rooming house, fully rented, high income, easy to manage.
      163 Livingston Ave, New Brunswick, NJ 08901
      View Details
    • $649,900
      2,084 SF

      Well-Maintained Two-Family Property

      Two-family property with income potential near Rutgers University.
      267 Townsend St, New Brunswick, NJ 08901
      View Details
    • $1,300,000
      4,167 SF

      Livingston Avenue Commercial Building

      2.5-story building with office and apartments in New Brunswick.
      137 Livingston Ave, New Brunswick, NJ 08901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,250 SF

      Industrial Space Near Major Routes

      Industrial property with easy access to major New Jersey routes.
      987 Jersey Ave, New Brunswick, NJ 08901
      View Details
    • 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
      12,722 SF

      Industrial Flex Space For Rent

      3,180 SF flex space with easy highway access.
      11 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Space with Easy Access

      7,380 SF industrial unit with tailgates and drive-in.
      14 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing
      29,940 SF

      Industrial Space with Ample Parking

      Industrial property featuring docks, drive-ins, and extensive parking.
      1002 Jersey Ave, New Brunswick, NJ 08901
      View Details
    • Contact for pricing
      12,000 SF

      Industrial Space Near Major Routes

      12,000 SF industrial unit with tailgates and drive-in access.
      6 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.
    107 How Ln
    New Brunswick, NJ 08901-3655
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!