Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,950,000
Industrial properties
167 Black Horse Ln North Brunswick, NJ 08902-4321
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US59-3109279
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Construction
BRICK
Total area
143,960 SF
Lot
11.42 ac (497,281 SF)
Zoning code
I-2
APN
21 00091-0000-00014- 03
UPID
US59-3109279
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.95M
Owner & transaction history
Black Horse Lane Associates · 10 yrs held
Black Horse Lane Associates
since 2016
4 recorded transactions
Zoning & alternative use
I-2 · North Brunswick, 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 North Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Brunswick 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$83 / 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
$158,017
Tax year 2022
Assessed value
$3,127,200
Assessed 2023
Previous assessed
$3,127,200
+0.0% YoY
Effective rate
5.05%
On assessed value
Assessed land
$912,800
Assessed improvement
$2,214,400
Land market value
$912,800
Improvement market value
$2,214,400
Total market value
$3,127,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1973
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
143,960 SF
Lot
11.42 ac (497,281 SF)
Zoning code
I-2
APN
21 00091-0000-00014- 03
UPID
US59-3109279
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2 · North Brunswick, NJ
Zoning I-2 · permitted uses
I-2 · North Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Brunswick. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
11.42 ac
Current owner
From public records · entity-resolved
Black Horse Lane Associates
Entity
Mailing address
8805 18TH AVE, BROOKLYN, NY 11214-4601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2016
$7,708,750
Black Horse Lane Associates
Annex Realty LLC
Grant Deed
$5,781,000 · Sterling Nat'l Bk
Feb 1, 2012
—
Annex Realty LLC
—
Deed Of Trust
related
$5,343,105 · Td Bank NA
Oct 25, 2004
$5,100,000
Annex Realty LLC
Jmg Properties Ltd
Grant Deed
$4,740,000 · Commerce Bk/north
Oct 25, 2004
$3,915,200
Jmg Properties Ltd
Sheriff Of Middlesex County
Trustees Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 167 Black Horse Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
