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Property profile & analytics
OFF-MARKET
Estimated value
$71,000,000
Industrial properties
15 Thomas J Rhodes Indust Dr Hamilton, NJ 08619-1264
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-2064772
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Total area
37,406 SF
Lot
10.91 ac (475,065 SF)
Zoning code
MFG1
APN
03 01520-0000-00011- 06
UPID
US59-2064772
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$71.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$71.00M
Owner & transaction history
Saia Motor Freight Line LLC · 2 yrs held
Saia Motor Freight Line LLC
since 2024
Last sale
$71.0M
7 recorded transactions
Zoning & alternative use
MFG1 · Hamilton, NJ
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
$71,000,000
ML approach
$71,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$71.00M
Range $63.90M – $78.10M · ±10% · vs last sale $71.00M (Feb 2 2024)
Last sale anchor
$71.00M
Feb 2 2024
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
$1,898 / 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
$251,666
Tax year 2022
Assessed value
$7,741,200
Assessed 2023
Previous assessed
$7,741,200
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$1,228,700
Assessed improvement
$6,512,500
Land market value
$1,228,700
Improvement market value
$6,512,500
Total market value
$7,741,200
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
1976
Heating
NONE
Stories
1
Units
1
Total area
37,406 SF
Lot
10.91 ac (475,065 SF)
Zoning code
MFG1
APN
03 01520-0000-00011- 06
UPID
US59-2064772
Jurisdiction
MERCER
Zoning & alternative use
MFG1 · Hamilton, NJ
Zoning MFG1 · permitted uses
MFG1 · Hamilton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamilton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Units
1
Lot
10.91 ac
Current owner
From public records · entity-resolved
Saia Motor Freight Line LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11465 JOHNS CRK PKWY STE #330, JOHNS CREEK, GA 30097-1572
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$71,000,000
Saia Motor Freight Line LLC
New Penn Motor Express LLC
Quit Claim Arm's Length For Ne States
—
Jan 5, 2021
—
New Penn Motor Express LLC
—
Deed
related
$700,000,000 · The Bank Of New York Mellon
Dec 11, 2020
—
New Penn Motor Express LLC
New Penn Motor Express LLC
Quit Claim Deed
related
—
Dec 11, 2020
$468,000
17 Thomas J Rhodes Industrial
New Penn Motor Express LLC
Grant Deed
—
Oct 3, 2019
—
New Penn Motor Express LLC
—
Deed
related
$600,000,000 · Cortland Products Corp
Aug 9, 2011
—
New Penn Motor Express INC
—
Deed Of Trust
related
$346,146,705 · Us Bank NA
—
—
New Penn Motor Express INC
—
Deed Of Trust
related
$10 · Deutsche Bank Ag Ny Branch
—
—
New Penn Motor Express INC
—
Deed Of Trust
related
—
—
—
New Penn Motor Express LLC
—
Loan Modification
related
$600,000,000 · Cortland Products Corp
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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