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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Industrial properties
121 1st Ave Hamilton, NJ 08619-3203
Entity Owned
6-yr Hold
Free & Clear
Property ID
US59-3065695
Property summary
AI-generated overview
This Hamilton Township, NJ property, located at 121 1st Ave, offers a diverse range of industrial spaces for lease. The property encompasses 117,000 square feet across two buildings, situated on 14.28 acres of land. Multiple tenancy options are available, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 47,586 square feet. Currently, 67,586 square feet is vacant and immediately available. The buildings, constructed in 1920 and renovated in 2024, feature a four-story design with 14-foot ceilings. The property boasts ample parking with 135 spaces, along with four dock-high doors and two loading docks. Power is available at 800-1200 amps. Elevators are present in the building. The property also benefits from a 1st Avenue frontage. Outdoor storage and parking are available for lease on a per-acre basis. This versatile property is suitable for various industrial, manufacturing, distribution, warehouse, and flex uses. The building's floor area ratio (FAR) is 0.19.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1920
Construction
BRICK
Lot
14.28 ac (622,037 SF)
APN
03 01632-0000-00005- 01
UPID
US59-3065695
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
-
Multi- use BOSS Warehouse State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Bda Hamilton LLC · 6 yrs held
Bda Hamilton LLC
since 2020
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamilton 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
$1,460,000
ML approach
$1,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.47M (Apr 30 2020)
Last sale anchor
$1.47M
Apr 30 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
—
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
$108,909
Tax year 2022
Assessed value
$3,350,000
Assessed 2023
Previous assessed
$3,350,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$671,700
Assessed improvement
$2,678,300
Land market value
$671,700
Improvement market value
$2,678,300
Total market value
$3,350,000
Applied tax rate
3.0000
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
1920
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
14.28 ac (622,037 SF)
APN
03 01632-0000-00005- 01
UPID
US59-3065695
Jurisdiction
MERCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
14.28 ac
Current owner
From public records · entity-resolved
Bda Hamilton LLC
Entity
Free & Clear · 6 yrs held
Mailing address
425 US HWY 46, FAIRFIELD, NJ 07004-1905
Ownership since
2020
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
Apr 30, 2020
$2,600,000
Bda Hamilton LLC
Hamilton Industrial Dev LLC
Grant Deed
—
May 31, 2005
$1,471,180
Terminal Leasing INC
Hamilton Industrial Developmen
Grant Deed
—
May 31, 2005
$1
Hamilton Industrial Developmen
Hamilton Industrial Developme
Grant Deed
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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