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Property profile & analytics
OFF-MARKET
Estimated value
$13,510,000
Warehouses
120 Cir N Dr Piscataway, NJ 08854-3703
Individually Owned
4-yr Hold
Free & Clear
Property ID
US59-1701335
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
135,420 SF
Lot
8.74 ac (380,714 SF)
Zoning code
LI5
APN
17 04101-0000-00002
UPID
US59-1701335
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
-
Hunter Walton & Co Inc Agricultural Supply Grocery & Convenience Store
-
Americold Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.68M
Blend (final)
Blend
$13.51M
Owner & transaction history
Goldman Rutgers Industrial Center L · 4 yrs held
Goldman Rutgers Industrial Center L
since 2022
1 recorded transaction
Zoning & alternative use
LI5 · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$21.6M
+301.3%
Apartment house (5+ units)
$16.9M
+212.7%
Commercial (general)
$15.8M
+193.7%
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 Piscataway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piscataway 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$21,625,000
Change: +301% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$16,850,000
Change: +213% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,830,000
Change: +194% · Conversion: Difficult
RESTAURANT
$15,345,000
Change: +185% · Conversion: Difficult
Blend value · Realmo final
$13.51M
Range $12.16M – $14.86M · ±10%
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
$100 / 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
$279,586
Tax year 2022
Assessed value
$14,960,000
Assessed 2023
Previous assessed
$14,960,000
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$6,118,000
Assessed improvement
$8,842,000
Land market value
$6,118,000
Improvement market value
$8,842,000
Total market value
$14,960,000
Applied tax rate
17.0000
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
1969
Heating
NONE
Total area
135,420 SF
Lot
8.74 ac (380,714 SF)
Zoning code
LI5
APN
17 04101-0000-00002
UPID
US59-1701335
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI5 · Piscataway, NJ
Zoning LI5 · permitted uses
LI5 · Piscataway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Piscataway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$21.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.9M
COMMERCIAL (GENERAL)
Est. value
$15.8M
RESTAURANT
Est. value
$15.3M
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
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
1969
Heating
NONE
Lot
8.74 ac
Current owner
From public records · entity-resolved
Goldman Rutgers Industrial Center L
Individual
Free & Clear · 4 yrs held
Mailing address
975 US HWY 22, NORTH PLAINFIELD, NJ 07060-3624
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
—
Goldman Rutgers Industrial Center L
Adam Corp
Intrafamily Transfer
related
—
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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