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    Property profile & analytics

    145 11Th St Piscataway, NJ 08854

    • Warehouses
    • 7,122 SF
    • 1.09 lot acres
    For Sale
    View listing
    $1,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1480084
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Millson Precision Machining / Industrial Manufacturer

    Property Details for 145 11Th St

    Lot size
    1.09 lot acres
    Property size
    7,122 SF
    Zone code
    LI1
    Property type
    Warehouses
    APN
    17 00811-0000-00001- 01
    APU
    170081100000000101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $594,000
      Market price range: $141k - $594k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $830,000
      RESTAURANT
      $805,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.452
    Latitude
    40.5799
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,288
    $847,500
    $111,500
    $959,000
    -
    $847,500
    $111,500
    $959,000

    Comparable in this City

    • Value Estimation by Request
      6,880 SF

      196 12th St

      WAREHOUSE, STORAGE • 6,880 SF
      196 12th St, Piscataway, NJ 08854-1934
      View Details
    • Value Estimation
      $565,000
      8,400 SF

      202 12th St

      WAREHOUSE, STORAGE • 8,400 SF
      202 12th St, Piscataway, NJ 08854-1900
      View Details
    • Value Estimation by Request
      6,954 SF

      125 Fleming St

      WAREHOUSE, STORAGE • 6,954 SF
      125 Fleming St, Piscataway, NJ 08854-3350
      View Details
    • Value Estimation
      $1,975,000
      37,955 SF

      110 11th St

      WAREHOUSE, STORAGE • 37,955 SF
      110 11th St, Piscataway, NJ 08854-1508
      View Details
    • Value Estimation
      $13,510,000
      135,420 SF

      120 Cir N Dr

      WAREHOUSE, STORAGE • 135,420 SF
      120 Cir N Dr, Piscataway, NJ 08854-3703
      View Details
    • Value Estimation
      $1,850,000
      28,612 SF

      21 Constitution Ave

      WAREHOUSE, STORAGE • 28,612 SF
      21 Constitution Ave, Piscataway, NJ 08854-6145
      View Details

    Similar Nearby for Sale

    • $1,800,000
      7,122 SF

      Industrial Building with Outdoor Storage

      7,200 SF industrial building on 1.09 acres for sale.
      145 11Th St, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      102,610 SF

      Piscataway Warehouse Space Available

      102,610 SF warehouse available for lease or sale.
      110 New England Ave, Piscataway, NJ 08854
      View Details
    • $1,800,000
      Pending

      Piscataway Industrial Building on Acreage

      7,200 SF industrial building on 1.09 acres for sale.
      145 11Th St, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      41,309 SF

      Piscataway Flex Space - 41,309 SF

      Single-story flex building, 5-acre lot, great location.
      281 Centennial Ave, Piscataway, NJ 08854
      View Details
    • $299,000
      0.12 Acres

      Piscataway Land Development Opportunity

      Buildable lot in high-traffic area with immense growth potential.
      115 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Piscataway Twp. Commercial Office Condo

      Renovated condo ideal for medical or professional office use.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      65,000 SF

      Industrial Property with Highway Access

      Multi-tenant industrial property with convenient highway access and parking.
      30 Duke Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      17,500 SF

      Industrial/Flex Building for Lease

      Industrial/flex building with units available for lease in Piscataway, NJ.
      521 Stelton Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      28,405 SF

      Piscataway Warehouse: 28,405 SF

      Large industrial warehouse, ideal for multiple tenants.
      1525 Washington Ave, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      36,000 SF

      Piscataway Warehouse with Fenced Parking

      36,000 SF warehouse with fenced parking lot for lease.
      60 Kingsbridge Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      241,000 SF

      Distribution Center Near Route 287

      State-of-the-art distribution center, 35 minutes from Newark Airport.
      10 Normandy Dr, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      147,920 SF

      Piscataway Warehouse with Spec Office

      147,920 SF warehouse with 3,350 SF spec office.
      10 Constitution Ave, Piscataway, NJ 08854
      View Details
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    145 11Th St
    Piscataway, NJ 08854
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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