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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Industrial properties
1945 State St Ext Hamilton, NJ 08619-3305
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1996192
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
CONCRETE BLOCKS
Lot
23.46 ac (1,021,918 SF)
APN
03 01642-0000-00003
UPID
US59-1996192
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
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Customers Bank · 2 yrs held
Customers Bank
since 2024
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Jun 7 2024)
Last sale anchor
$850k
Jun 7 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
—
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
$184,751
Tax year 2022
Assessed value
$5,682,900
Assessed 2023
Previous assessed
$5,682,900
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$805,500
Assessed improvement
$4,877,400
Land market value
$805,500
Improvement market value
$4,877,400
Total market value
$5,682,900
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
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
23.46 ac (1,021,918 SF)
APN
03 01642-0000-00003
UPID
US59-1996192
Jurisdiction
MERCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
23.46 ac
Current owner
From public records · entity-resolved
Customers Bank
Entity
Mailing address
40 GENERAL WARREN BLVD STE #200, MALVERN, PA 19355-1251
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$850,000
Customers Bank
Congoleum Acquisition LLC
Deed
$8,500,000 · Customers Bank
Jun 7, 2024
—
Customers Bank
Congoleum Acquisition LLC
Assignment Of Agreement Of Sale
—
Jun 6, 2024
—
Congoleum Acquisition LLC
—
Deed
related
$3,500,000 · Customers Bank
Dec 8, 2020
$3,225,000
Congoleum Acquisition LLC
Congoleum Corporation
Quit Claim Deed
related
$18,400,000 · Wells Fargo Bank NA
Jul 12, 2010
—
Congoleum Corp
—
Deed Of Trust
related
$33,000,000 · Law Debenture Trust Co/ny
Dec 9, 2009
—
Congoleum Corp
—
Deed Of Trust
related
$30,000,000 · Wachovia Bank NA
—
—
Congoleum Corp
—
Deed Of Trust
related
$30,000 · Wells Fargo Bank
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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