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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Industrial properties
120 Baekeland Ave Middlesex, NJ 08846-2602
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1927109
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
CONCRETE BLOCKS
Total area
29,980 SF
Lot
1.38 ac (59,982 SF)
Zoning code
IND
APN
10 00352-0000-00002
UPID
US59-1927109
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
-
Importico Disposal Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$2.69M
Owner & transaction history
Importico INC · 7 yrs held
Importico INC
since 2019
Last sale
$2.3M
3 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
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
$2,805,000
ML approach
$2,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.25M (Sep 2 2020)
Last sale anchor
$2.25M
Sep 2 2020
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
$90 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$52,837
Tax year 2023
Assessed value
$2,398,400
Assessed 2024
Previous assessed
$2,398,400
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$520,000
Assessed improvement
$1,878,400
Land market value
$520,000
Improvement market value
$1,878,400
Total market value
$2,398,400
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
1983
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Total area
29,980 SF
Lot
1.38 ac (59,982 SF)
Zoning code
IND
APN
10 00352-0000-00002
UPID
US59-1927109
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
Building & site characteristics
From public records
Year built
1983
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Importico INC
Entity
Mailing address
18500 N ALLIED WAY, PHOENIX, AZ 85054-6164
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
May 10, 2019
—
Importico INC
—
Deed
related
$1,000,000 · Magyar Bank
—
—
Importicos INC
—
Deed Of Trust
related
$850,000 · New Millennium Bank
—
—
Importicos INC
—
Deed Of Trust
related
$400,000 · New Millennium 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.
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