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Property profile & analytics
OFF-MARKET
Estimated value
$9,705,000
Industrial properties
110 Melrich Rd Cranbury, NJ 08512-3524
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-1524421
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
117,600 SF
Lot
12.42 ac (541,015 SF)
Zoning code
I-3
APN
21 00006-0000-00045- 03
UPID
US59-1524421
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
-
Loving Pets Industrial Manufacturer Production Facility
-
Stone Source International Inc Building Supply Hardware & Home Improvement
-
Acurel, LLC (Bike/Boat/Book/etc) Store Pet Store & Service
-
STONE SOURCE INTERNATIONAL, INC. Big Box & Wholesale Store Building Supply
-
Design Solutions Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.71M
Owner & transaction history
LP Real Estate LLC · 8 yrs held
LP Real Estate LLC
since 2017
6 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
$83 / 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
$129,620
Tax year 2022
Assessed value
$2,565,200
Assessed 2023
Previous assessed
$2,565,200
+0.0% YoY
Effective rate
5.05%
On assessed value
Assessed land
$979,200
Assessed improvement
$1,586,000
Land market value
$979,200
Improvement market value
$1,586,000
Total market value
$2,565,200
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
Heating
NONE
Units
1
Total area
117,600 SF
Lot
12.42 ac (541,015 SF)
Zoning code
I-3
APN
21 00006-0000-00045- 03
UPID
US59-1524421
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
Heating
NONE
Units
1
Lot
12.42 ac
Current owner
From public records · entity-resolved
LP Real Estate LLC
Entity
Mailing address
110 MELRICH RD, CRANBURY, NJ 08512-3524
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
—
LP Real Estate LLC
—
Deed
related
$5,290,500 · Provident Bank
Jan 25, 2022
—
LP Real Estate LLC
—
Deed
related
$2,115,717 · Provident Bank
Jul 25, 2019
—
LP Real Estate LLC
—
Deed
related
$420,000 · Provident Bank
Aug 29, 2017
$7,090,000
LP Real Estate LLC
South Brunswick Indl 45 03
Grant Deed
$3,545,000 · Provident Bk
Jul 7, 2017
—
South Brunswick Indl Pk 4503
South Brunswick Indl Pk 4503
Quit Claim Deed
related
—
—
—
South Brunswick Indl Park
—
Deed Of Trust
related
$3,000,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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