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Property profile & analytics
FOR LEASE
Industrial properties
140 Ethel Rd W Piscataway, NJ 08854
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2091705
For Lease
1 / 2
$3,905,000
140 Ethel Rd W, Piscataway, NJ 08854
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Property summary
AI-generated overview
This Piscataway, NJ warehouse offers 5,000 square feet of immediately available space within a larger 6,000 square foot building. The minimum leasable area is 500 square feet, making it suitable for a range of businesses. The property features two dock-high doors for efficient loading and unloading. Located at 140 Ethel Rd W, Piscataway, NJ 08854, this industrial space is ideal for storage or fulfillment operations. Taxes are $2.98 per square foot annually. This is a shared space warehouse, operating Monday-Friday, 8 AM to 5 PM, with 24/7 order placement access. The space is specifically racking space only, and no tenant labor is permitted. This 3PL warehouse offers critical spare part logistics and order fulfillment capabilities. No public access is allowed.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1981
Total area
24,005 SF
Lot
6.24 ac (271,814 SF)
Zoning code
LI1
APN
17 09101-0000-00051- 01
UPID
US59-2091705
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
-
Health and Natural Beauty USA Corp Industrial Manufacturer Production Facility
-
SprinJene Natural® Toothpaste Industrial Manufacturer Production Facility
-
Mercantile International NA, LLC Industrial Manufacturer Production Facility
-
A.I.M Worldwide Training Center
-
Classic Printers & Converters Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
Solar Landcape Development LLC · 2 yrs held
Solar Landcape Development LLC
since 2023
7 recorded transactions
Zoning & alternative use
LI1 · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.9M
+8.9%
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%
$4,490,000
6.5%
$4,145,000
7%
$3,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,915,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,380,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±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
$163 / 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
$301,549
Tax year 2022
Assessed value
$14,580,000
Assessed 2023
Previous assessed
$14,580,000
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$3,740,000
Assessed improvement
$10,840,000
Land market value
$3,740,000
Improvement market value
$10,840,000
Total market value
$14,580,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1981
Heating
NONE
Total area
24,005 SF
Lot
6.24 ac (271,814 SF)
Zoning code
LI1
APN
17 09101-0000-00051- 01
UPID
US59-2091705
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI1 · Piscataway, NJ
Zoning LI1 · permitted uses
LI1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1981
Heating
NONE
Lot
6.24 ac
Current owner
From public records · entity-resolved
Solar Landcape Development LLC
Entity
Mailing address
522 COOKMAN AVE APT #3, ASBURY PARK, NJ 07712-7142
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Solar Landcape Development LLC
Ethel Road Owner LLC
Lease
—
Apr 13, 2023
$21,200,000
Ethel Road Owner LLC
Fl & Nj Ind Ll LLC
Deed
$10,600,000 · Webster Bank NA
Apr 13, 2023
$10,600,000
Webster Bank National Association
Ethel Road Owner LLC
Foreclosure
related
—
Apr 16, 2021
$14,000,000
Fl & Nj Ind Ll LLC
Amerco Advisors LP
Deed
$53,237,500 · Societe Generale Financial Corp
May 23, 2008
—
Amerco Advisors
—
Grant Deed
related
$105,000,000 · General Elec Cap
Jan 15, 2008
—
Amerco Advisors
—
Grant Deed
related
$105,000,000 · General Elec Cap
—
—
Amerco Advisors LP
—
Deed Of Trust
related
$5,800,000 · Investors 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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