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Property profile & analytics
OFF-MARKET
Estimated value
$16,920,000
Industrial properties
11 Commerce Dr Cranbury, NJ 08512-3503
Entity Owned
13-yr Hold
Free & Clear
Property ID
US59-1695759
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
225,590 SF
Lot
15.28 ac (665,597 SF)
Zoning code
I-3
APN
21 00007-0000-00013-0124
UPID
US59-1695759
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
-
Korea Express USA Inc Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.92M
Owner & transaction history
II Commerce Court LLC · 13 yrs held
II Commerce Court LLC
since 2013
4 recorded transactions
Zoning & alternative use
I-3 · Cranbury, 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 Cranbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cranbury 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
$75 / 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
$270,598
Tax year 2022
Assessed value
$5,355,200
Assessed 2023
Previous assessed
$5,355,200
+0.0% YoY
Effective rate
5.05%
On assessed value
Land market value
$1,222,400
Improvement market value
$4,358,000
Total market value
$5,580,400
Applied tax rate
21.0000
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
2007
Heating
NONE
Units
1
Total area
225,590 SF
Lot
15.28 ac (665,597 SF)
Zoning code
I-3
APN
21 00007-0000-00013-0124
UPID
US59-1695759
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-3 · Cranbury, NJ
Zoning I-3 · permitted uses
I-3 · Cranbury, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cranbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Units
1
Lot
15.28 ac
Current owner
From public records · entity-resolved
II Commerce Court LLC
Entity
Free & Clear · 13 yrs held
Mailing address
50 W FERRIS ST, EAST BRUNSWICK, NJ 08816-2159
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2013
$19,626,330
II Commerce Court LLC
Seagis II Commerce Court LLC
Grant Deed
related
—
Jan 18, 2006
$4,842,230
Seagis II Commerce Court LLC
Cnj Company III LLC
Grant Deed
—
May 10, 2005
$2,826,800
Cnj Co III LLC
South Middlesex Indl Pk Assoc
Grant Deed
—
—
—
Seagis 11 Commerce Court LLC
—
Deed Of Trust
related
$9,179,000 · Miscellaneous Ins Co
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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