Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,325,000
Warehouses
12 Industrial Dr New Brunswick, NJ 08901-3632
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-2140151
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Total area
60,635 SF
Lot
6.6 ac (287,496 SF)
Zoning code
I-2
APN
13 00597- 03-00001
UPID
US59-2140151
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
-
Colgate Paper Stock Co Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.33M
Owner & transaction history
Allied Waste Systems INC · 1 yrs held
Allied Waste Systems INC
since 2025
Last sale
$10.6M
7 recorded transactions
Zoning & alternative use
I-2 · New Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.7M
+386.3%
Auto repair, garage
$10.3M
+328.4%
Retail stores
$9.7M
+301.3%
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 New Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brunswick 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
by Request
CAP Approach
CAP Return
Estimation
6%
$13,775,000
6.5%
$12,715,000
7%
$11,805,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,735,000
Change: +386% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,335,000
Change: +328% · Conversion: Easy
RETAIL STORES
$9,680,000
Change: +301% · Conversion: Moderate
OFFICE BUILDING
$8,845,000
Change: +267% · Conversion: Difficult
RESTAURANT
$6,870,000
Change: +185% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,805,000
Change: +182% · Conversion: Difficult
Blend value · Realmo final
$11.33M
Range $10.19M – $12.46M · ±10% · vs last sale $10.63M (Dec 19 2024)
Last sale anchor
$10.63M
Dec 19 2024
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
$187 / 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
$113,506
Tax year 2022
Assessed value
$4,560,300
Assessed 2023
Previous assessed
$4,560,300
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$1,140,000
Assessed improvement
$3,420,300
Land market value
$1,140,000
Improvement market value
$3,420,300
Total market value
$4,560,300
Applied tax rate
13.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Heating
NONE
Stories
1
Units
1
Total area
60,635 SF
Lot
6.6 ac (287,496 SF)
Zoning code
I-2
APN
13 00597- 03-00001
UPID
US59-2140151
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2 · New Brunswick, NJ
Zoning I-2 · permitted uses
I-2 · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$10.3M
RETAIL STORES
Est. value
$9.7M
OFFICE BUILDING
Est. value
$8.8M
RESTAURANT
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$6.8M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
1900
Heating
NONE
Stories
1
Units
1
Lot
6.6 ac
Current owner
From public records · entity-resolved
Allied Waste Systems INC
Entity
Mailing address
12 INDUSTRIAL DR, NEW BRUNSWICK, NJ 08901-3632
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
$10,628,400
Allied Waste Systems INC
Dinardi Realty Co
Deed
—
Apr 27, 2017
—
Dinardi Realty Co
—
Deed
related
$2,917,976 · Jp Morgan Chase Bk
Jun 19, 2012
—
Dinardi Realty Co
Dinardi Realty Co
Quit Claim Deed
related
—
Nov 3, 2010
—
Dinardi Rlty Co
City Of New Brunswick
Grant Deed
related
—
Aug 24, 2010
—
State Of New Jersey Nd Raritan
State Of New Jersey Nd Raritan
Quit Claim Deed
related
—
—
—
Dinardi Realty Co
—
Deed Of Trust
related
$3,000,000 · Sovereign Bk
—
—
Dinardi Realty Co
—
Deed Of Trust
related
$2,917,976 · Jp Morgan Chase Bk
—
—
Dinardi Realty Co
—
Deed Of Trust
related
$2,500,000 · J P Morgan Chase Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12 Industrial Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
