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Property profile & analytics
OFF-MARKET
Estimated value
$7,540,000
Industrial properties
190 Homestead Ave Avenel, NJ 07001-2040
Entity Owned
~
Est. High Equity
Property ID
US59-0939782
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Total area
25,000 SF
Lot
4.34 ac (188,963 SF)
Zoning code
M-1
APN
25 01020- 03-00001
UPID
US59-0939782
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
-
Canteen Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.30M
Blend (final)
Blend
$7.54M
Owner & transaction history
190 Homestead LLC
190 Homestead LLC
since 2026
Last sale
$7.4M
4 recorded transactions
Zoning & alternative use
M-1 · Avenel, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.8M
+22.8%
Apartment house (5+ units)
$6.2M
+10.7%
Commercial (general)
$5.6M
+0.7%
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 Avenel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avenel 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
$9,515,000
ML approach
$9,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,565,000
Current use
OFFICE BUILDING
$6,835,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,160,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,605,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$7.54M
Range $6.79M – $8.29M · ±10% · vs last sale $7.40M (Jan 19 2021)
Last sale anchor
$7.40M
Jan 19 2021
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
$302 / 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
$85,482
Tax year 2022
Assessed value
$748,400
Assessed 2023
Previous assessed
$748,400
+0.0% YoY
Effective rate
11.42%
On assessed value
Assessed land
$325,400
Assessed improvement
$423,000
Land market value
$325,400
Improvement market value
$423,000
Total market value
$748,400
Applied tax rate
25.0000
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
1995
Heating
NONE
Units
1
Total area
25,000 SF
Lot
4.34 ac (188,963 SF)
Zoning code
M-1
APN
25 01020- 03-00001
UPID
US59-0939782
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Avenel, NJ
Zoning M-1 · permitted uses
M-1 · Avenel, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avenel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.6M
OFFICE BUILDING
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1995
Heating
NONE
Units
1
Lot
4.34 ac
Current owner
From public records · entity-resolved
190 Homestead LLC
Entity
Mailing address
1808 SWIFT DR, OAK BROOK, IL 60523-1573
Ownership since
2026
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
May 1, 2026
$11,000,000
190 Homestead LLC
Centerpoint Homestead LLC
Deed
—
Jan 19, 2021
$7,400,000
Centerpoint Homestead LLC
Arb Properties
Grant Deed
—
—
—
Arb Properties
—
Deed Of Trust
related
$1,200,000 · Wells Fargo Bk
—
—
Arb Properties
—
Deed Of Trust
related
$600,000 · Watchung Jane B Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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