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Property profile & analytics
OFF-MARKET
Estimated value
$18,980,000
Warehouses
138 Georges Rd, Dayton, NJ 08810-1514
Entity Owned
~
Est. High Equity
Property ID
US59-1213729
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Digital Gadgets Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.98M
Owner & transaction history
138 Dayton Owner LLC
138 Dayton Owner LLC
since 2025
Last sale
$23.8M
7 recorded transactions
Zoning & alternative use
R3/I · Dayton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.0M
+415.9%
Medical building
$19.8M
+386.3%
Auto repair, garage
$17.4M
+328.4%
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
$14,640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,200,000
6.5%
$21,415,000
7%
$19,885,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,965,000
Change: +416% · Conversion: Difficult
MEDICAL BUILDING
$19,760,000
Change: +386% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,410,000
Change: +328% · Conversion: Easy
RETAIL STORES
$16,305,000
Change: +301% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,000,000
Change: +220% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,705,000
Change: +213% · Conversion: Difficult
RESTAURANT
$11,575,000
Change: +185% · Conversion: Difficult
Blend value · Realmo final
$18.98M
Range $17.08M – $20.88M · ±10% · vs last sale $23.75M (Jun 26 2025)
Last sale anchor
$23.75M
Jun 26 2025
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
$186 / 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
$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
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
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, NJ
Zoning R3/I · permitted uses
R3/I · Dayton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dayton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$21.0M
MEDICAL BUILDING
Est. value
$19.8M
AUTO REPAIR, GARAGE
Est. value
$17.4M
RETAIL STORES
Est. value
$16.3M
COMMERCIAL (GENERAL)
Est. value
$13.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.7M
RESTAURANT
Est. value
$11.6M
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
19.35 ac
Current owner
From public records · entity-resolved
138 Dayton Owner LLC
Entity
Mailing address
138 GEORGES RD, DAYTON, NJ 08810-1514
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
$23,750,000
138 Dayton Owner LLC
138 Dayton LLC
Deed
$17,373,385 · East West Bank
Dec 30, 2024
—
138 Dayton LLC
—
Deed
related
$4,250,000 · 98 And 138 Debt LLC
Nov 10, 2022
—
138 Dayton LLC
—
Deed
related
$16,000,000 · Ameritas Life Insurance Corp
Aug 7, 2020
$11,742,420
138 Dayton LLC
138 Georges Road Associates LLC
Deed
$7,126,178 · Trustbank
May 22, 2018
—
138 Georges Road Assocs LLC
—
Deed
related
$2,800,000 · Jp Morgan Chase Bk
Apr 8, 2014
$4,594,860
138 Georges Road Assocs LLC
Lit Industrial LP
Grant Deed
$2,800,000 · Jp Morgan Chase Bk
Mar 16, 2009
—
Lit Industrial
—
Grant Deed
related
$116,662,000 · Miscellaneous Ins Co
—
—
138 Georges Road Associates
—
Deed Of Trust
related
$2,303,000 · Miscellaneous Govt Agcy
—
—
Lit Industrial LP
—
Deed Of Trust
related
$40,000,000 · Prudential Insurance Co
—
—
138 Georges Road Assocs LLC
—
Deed Of Trust
related
$2,800,000 · Jp Morgan Chase Bk
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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