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Property profile & analytics
OFF-MARKET
Estimated value
$11,060,000
Industrial properties
1100 Milik St Carteret, NJ 07008-1118
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0725945
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1981
Total area
49,776 SF
Lot
4.41 ac (192,100 SF)
APN
01 02702-0000-00020
UPID
US59-0725945
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
$10.17M
CAP Approach
CAP
$8.60M
Comparable Approach
Comparable
$9.10M
Blend (final)
Blend
$11.06M
Owner & transaction history
1100 Milik Industrial LLC · 3 yrs held
1100 Milik Industrial LLC
since 2022
Last sale
$15.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.6M
+22.8%
Apartment house (5+ units)
$12.3M
+10.7%
Commercial (general)
$11.2M
+0.7%
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
by Request
ML approach
$10,165,000
CAP Approach
CAP Return
Estimation
6%
$9,310,000
6.5%
$8,595,000
7%
$7,980,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,080,000
Current use
OFFICE BUILDING
$13,610,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,265,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,160,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$11.06M
Range $9.95M – $12.17M · ±10% · vs last sale $15.48M (Nov 10 2022)
Last sale anchor
$15.48M
Nov 10 2022
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
$222 / 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
$129,765
Tax year 2022
Assessed value
$3,989,100
Assessed 2023
Previous assessed
$3,989,100
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,389,200
Assessed improvement
$2,599,900
Land market value
$1,389,200
Improvement market value
$2,599,900
Total market value
$3,989,100
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
Year built
1981
Heating
NONE
Total area
49,776 SF
Lot
4.41 ac (192,100 SF)
APN
01 02702-0000-00020
UPID
US59-0725945
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.1M
OFFICE BUILDING
Est. value
$13.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.3M
COMMERCIAL (GENERAL)
Est. value
$11.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
4.41 ac
Current owner
From public records · entity-resolved
1100 Milik Industrial LLC
Entity
Mailing address
1200 W ELIZABETH AVE #1250, LINDEN, NJ 07036-6317
Ownership since
2022
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
Nov 10, 2022
$15,475,000
1100 Milik Industrial LLC
Milik Holdings LLC
Deed
$11,606,000 · Columbia Bank
Nov 10, 2022
—
1100 Milik Industrial LLC
—
Deed
related
$11,606,000 · Columbia Bank
Feb 23, 2018
—
Milik Holdings LLC
Milik Street Properties LLC
Deed In Lieu Of Foreclosure
related
—
Mar 29, 2010
$3,650,000
Milik Street Properties LLC
Marigold Realty Associates LLC
Grant Deed
$3,743,300 · Green Seasons General Trading
Oct 29, 1991
$2,100,000
Milik Realty INC
Unknown
Grant Deed
—
—
—
Marigold Realty Associates LLC
—
Deed Of Trust
related
$22,500,000 · Jp Morgan Chase Bk
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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