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Property profile & analytics
OFF-MARKET
Estimated value
$21,470,000
Industrial properties
11 Melanie Ln East Hanover, NJ 07936-1100
Entity Owned
Free & Clear
Property ID
US59-2077231
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
TYPE NOT SPECIFIED
Lot
5.51 ac (240,016 SF)
Zoning code
I-3
APN
10 00142-0000-00004
UPID
US59-2077231
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
-
Buxton Biomedical Medical Laboratory
-
Interiors By Laura Staging & Design Real Estate Agency Marketing & Advertising
-
Millennium Communications Group Telecommunications Service
-
NJ Local Moving Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.47M
Owner & transaction history
11 Melanie Ln LLC
11 Melanie Ln LLC
since 2025
Last sale
$22.0M
4 recorded transactions
Zoning & alternative use
I-3 · East Hanover, 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 East Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Hanover 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
$29,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.47M
Range $19.32M – $23.62M · ±10% · vs last sale $21.95M (Oct 16 2025)
Last sale anchor
$21.95M
Oct 16 2025
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
—
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
$129,017
Tax year 2022
Assessed value
$5,210,700
Assessed 2023
Previous assessed
$5,210,700
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$1,102,000
Assessed improvement
$4,108,700
Land market value
$1,102,000
Improvement market value
$4,108,700
Total market value
$5,210,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
5.51 ac (240,016 SF)
Zoning code
I-3
APN
10 00142-0000-00004
UPID
US59-2077231
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-3 · East Hanover, NJ
Zoning I-3 · permitted uses
I-3 · East Hanover, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Hanover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
5.51 ac
Current owner
From public records · entity-resolved
11 Melanie Ln LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1 FINANCIAL PLZ STE #1700, HARTFORD, CT 06103-2601
Ownership since
2025
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
Dec 23, 2025
—
11 Melanie Ln LLC
—
Deed
related
$221,000,000 · Bank Of America NA
Oct 16, 2025
$21,950,000
11 Melanie Ln LLC
11 & 15 Melanie Lane Property Owner
Deed
—
Dec 16, 2021
$20,850,000
11 & 15 Melanie Lane Property Owner
Terreno Melanie II LLC
Deed
—
Oct 3, 2013
$14,900,000
Terreno Melanie II LLC
Carls Equities
Grant Deed
—
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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