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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Industrial properties
114 Egel Ave Middlesex, NJ 08846-2504
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0666079
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1963
Construction
CONCRETE BLOCKS
Total area
3,000 SF
Lot
0.29 ac (12,500 SF)
Zoning code
IND
APN
10 00289-0000-00018
UPID
US59-0666079
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
-
Atlantic States Specialty Gases Building Supply Big Box & Wholesale Store
-
Roberts Oxygen Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$580k
Owner & transaction history
Roberts Nj Land Middlesex LLC · 5 yrs held
Roberts Nj Land Middlesex LLC
since 2021
Last sale
$517,000
2 recorded transactions
Zoning & alternative use
IND · Middlesex, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l District. § 420-52 AR-3 Attached Residential District. § 420-53 SCR Senior Citizen Residential District. § 420-54 G-B General Business District. § 420-55 CLW Commercial/Light Manufacturing/Wholesale District. § 420-56 IND Industrial District. § 420-57 HI Heavy Industrial District. § 420-58 M Municipal District. Article VII Conditional Uses § 420-59 Conditi…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
391.04 ac
Top alternative use upside
Office building
$820,000
+70.1%
Commercial (general)
$735,000
+52.4%
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 Middlesex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlesex 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
$665,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$520,000
7%
$480,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$480,000
Current use
OFFICE BUILDING
$820,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $517k (Feb 11 2021)
Last sale anchor
$517k
Feb 11 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
$193 / 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
$12,324
Tax year 2022
Assessed value
$480,000
Assessed 2023
Previous assessed
$480,000
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$200,000
Assessed improvement
$280,000
Land market value
$200,000
Improvement market value
$280,000
Total market value
$480,000
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
Year built
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Total area
3,000 SF
Lot
0.29 ac (12,500 SF)
Zoning code
IND
APN
10 00289-0000-00018
UPID
US59-0666079
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IND · Middlesex, NJZoning IND · permitted uses
IND · Middlesex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l District. § 420-52 AR-3 Attached Residential District. § 420-53 SCR Senior Citizen Residential District. § 420-54 G-B General Business District. § 420-55 CLW Commercial/Light Manufacturing/Wholesale District. § 420-56 IND Industrial District. § 420-57 HI Heavy Industrial District. § 420-58 M Municipal District. Article VII Conditional Uses § 420-59 Conditional uses. Article VIII Performance Standards § 420-60 Performance standards. Artic
Zone name
Industrial
General category
INDUSTRIAL
Zone area
391.04 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$480,000
OFFICE BUILDING
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$735,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Roberts Nj Land Middlesex LLC
Entity
Mailing address
7564 STANDISH PLSTE100, ROCKVILLE, MD 20855-2745
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2021
$517,000
Roberts Nj Land Middlesex LLC
Egel Avenue Realty LLC
Deed
$491,000 · Egel Avenue Realty Limited Liablity
Nov 10, 2009
$400,000
Egel Avenue Realty LLC
Cs Realty Co LLC
Grant Deed
$300,000 · 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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