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Property profile & analytics
OFF-MARKET
Estimated value
$5,490,000
Industrial properties
190 Summerhill Rd Spotswood, NJ 08884-1235
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2214759
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
19,712 SF
Lot
3.8 ac (165,528 SF)
APN
24 00091- 3-00003- 3
UPID
US59-2214759
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
-
Bio-Shine Inc Big Box & Wholesale Store Building Supply
-
Odorox Air General Contractor
-
OdoroxAir Technology Corp LLC. Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.63M
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.49M
Owner & transaction history
190 Summerhill Warehouse LLC · 3 yrs held
190 Summerhill Warehouse LLC
since 2022
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.4M
+22.8%
Apartment house (5+ units)
$4.9M
+10.7%
Commercial (general)
$4.4M
+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 Spotswood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spotswood 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
$5,645,000
ML approach
$5,625,000
CAP Approach
CAP Return
Estimation
6%
$3,690,000
6.5%
$3,405,000
7%
$3,160,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,390,000
Current use
OFFICE BUILDING
$5,390,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,855,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,420,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$5.49M
Range $4.94M – $6.04M · ±10% · vs last sale $5.35M (Nov 21 2022)
Last sale anchor
$5.35M
Nov 21 2022
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
$279 / 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
$39,816
Tax year 2022
Assessed value
$1,135,000
Assessed 2023
Previous assessed
$1,135,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$621,000
Assessed improvement
$514,000
Land market value
$621,000
Improvement market value
$514,000
Total market value
$1,135,000
Applied tax rate
24.0000
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
Heating
NONE
Total area
19,712 SF
Lot
3.8 ac (165,528 SF)
APN
24 00091- 3-00003- 3
UPID
US59-2214759
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.4M
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
Heating
NONE
Lot
3.8 ac
Current owner
From public records · entity-resolved
190 Summerhill Warehouse LLC
Entity
Mailing address
43 W 28TH ST, NEW YORK, NY 10001-4239
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
$5,350,000
190 Summerhill Warehouse LLC
Our First Building LLC
Deed
$1,750,000 · Capital One Bank NA
Jun 10, 2020
—
Bio-shine INC
—
Deed
related
$1,000,000 · Harvard Maintenance INC
Aug 14, 2019
—
Our First Building LLC
—
Deed
related
$250,000 · Pnc Bank NA
Jul 16, 2012
—
Our First Building LLC
—
Trustees Deed
related
$375,000 · Wells Fargo Bank
Apr 18, 2012
—
Our First Building LLC
Our First Building LLC
Quit Claim Deed
related
$986,500 · Wells Fargo Bank
Mar 20, 2012
—
Our First Building LLC
Bio-shine INC
Quit Claim Deed
related
$710,000 · Wells Fargo Bank
Mar 20, 2012
$710,000
Our First Building LLC
Bio-shine INC
Grant Deed
related
$710,000 · Wells Fargo Bank
Nov 9, 2010
$950,000
Our First Building LLC
O & T Land Venture LLC
Grant Deed
related
$986,500 · Wells Fargo Bank
Aug 4, 2005
—
O & T Land Venture LLC
Handeland,gunvor
Grant Deed
related
—
—
—
Our First Building LLC
—
Deed Of Trust
related
$155,000 · Pnc Bk
—
—
Our First Building LLC
—
Deed Of Trust
related
$2,000,000 · Pnc Bank
—
—
Bio-shine INC
—
Deed Of Trust
related
$1,000,000 · Harvard Maintenance INC
—
—
Handeland,torgny
—
Deed Of Trust
related
$700,000 · Wachovia Bk/sc
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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