Entity Owned 
For Lease
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138 Georges Rd, Dayton, NJ 08810
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Property summary
AI-generated overview
The property is a 143,263-square-foot warehouse facility located on 19.5 acres. The building includes 4,000 square feet of office space and features 26 to 28 feet of clear ceiling height. Truck loading is provided by 14 dock doors and 1 drive-in door. Parking amenities include 12 trailer spaces and 60 vehicle spaces. The site is located approximately 1.8 miles from the New Jersey Turnpike.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
CONCRETE BLOCKS
Total area
102,128 SF
Lot
19.35 ac (842,864 SF)
Zoning code
R3/I
APN
21 00012-0000-00010- 051
UPID
US59-1213729
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.64M
Owner & transaction history
since 2025
Last sale
$23.8M
7 recorded transactions
Zoning & alternative use
R3/I · Dayton, NJ
Top alternative use upside
Office building
$21.0M
+415.9%
Medical building
$19.8M
+386.3%
Auto repair, garage
$17.4M
+328.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.64M
Value range
$13.18M – $16.10M
±10% around blend
Estimated value / SF
$143 / SF
Confidence
Property data
100
Comparable evidence
60
$13.18M
blend $14.64M
$16.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
102,128 SF
Lot area
19.35 ac
Year built
1973
Stories
1
APN
21 00012-0000-00010- 051
Zoning
R3/I
Assessed value
$2,218,000
Annual tax
$112,076
3
Income approach: direct capitalization
Partial preview
Income approach indication
$21.42M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$23.20M
@ 6.5% CAP return
$21.42M
@ 7% CAP return
$19.89M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.64M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+416%
vs current-use indication
Medical Building
Auto Repair, Garage
Retail Stores
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
9.50%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.50%
9.0%
NOI (est.)
$1.66M *
Last sale · Jun 2025
$23.75M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$17.50M
Move the market yield to see immediate price impact.
Value / SF
$171
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.00%9.50%10.00%
$1.50M
$16.63M
$15.75M
$14.96M
$1.66M
$18.47M
$17.50M
$16.63M
$1.83M
$20.32M
$19.25M
$18.29M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$112,076
Tax year 2022
Assessed value
$2,218,000
Assessed 2023
Previous assessed
$2,218,000
+0.0% YoY
Effective rate
5.05%
On assessed value
Assessed land
$1,271,300
Assessed improvement
$946,700
Land market value
$1,271,300
Improvement market value
$946,700
Total market value
$2,218,000
Applied tax rate
21.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1973
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
102,128 SF
Lot
19.35 ac (842,864 SF)
Zoning code
R3/I
APN
21 00012-0000-00010- 051
UPID
US59-1213729
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R3/I · Dayton, NJZoning R3/I · permitted uses
R3/I · Dayton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
19.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R3/I
Jurisdiction
Dayton, NJ
Recorded code
R3/I
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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