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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Industrial properties
110 Middlesex Ave Carteret, NJ 07008-3442
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2462208
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
32,328 SF
Lot
1.61 ac (70,132 SF)
Zoning code
R-M
APN
01 07402-0000-00001- 04
UPID
US59-2462208
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.45M
Owner & transaction history
T&j Properties Of Carteret LLC · 5 yrs held
T&j Properties Of Carteret LLC
since 2021
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
R-M · Carteret, 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 Carteret submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carteret 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
$2,690,000
ML approach
$2,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±10% · vs last sale $2.09M (Jun 29 2021)
Last sale anchor
$2.09M
Jun 29 2021
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
$76 / 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
$158,649
Tax year 2022
Assessed value
$4,877,000
Assessed 2023
Previous assessed
$4,877,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$483,000
Assessed improvement
$4,394,000
Land market value
$483,000
Improvement market value
$4,394,000
Total market value
$4,877,000
Applied tax rate
1.0000
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
Total area
32,328 SF
Lot
1.61 ac (70,132 SF)
Zoning code
R-M
APN
01 07402-0000-00001- 04
UPID
US59-2462208
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-M · Carteret, NJ
Zoning R-M · permitted uses
R-M · Carteret, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carteret. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.61 ac
Current owner
From public records · entity-resolved
T&j Properties Of Carteret LLC
Entity
Mailing address
110 MIDDLESEX AVE, CARTERET, NJ 07008-3442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
$2,093,500
T&j Properties Of Carteret LLC
Middlesex Industrial LLC
Deed
$5,000,000 · Peoples United Bank
Jan 16, 2020
—
Middlesex Industrial LLC
—
Deed
related
$2,000,000 · Wells Fargo Bank NA
Sep 16, 2013
$701,200
Middlesex Industrial LLC
Carteret Redev Agency
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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