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    2 Graphics Dr Ewing, NJ 08628-1546
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    Property profile & analytics

    2 Graphics Dr, Ewing, NJ 08628-1546

    View on Map
    • Industrial properties
    • 24,100 SF
    • 8.92 lot acres
    Off-Market
    Last Sale Jan 14, 2022
    $4,250,000
    Property ID
    US59-0828467
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,420,000
    Show details
    Cap Rate Potential
    9.7%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • River Horse Brewing Company / Production Facility / Brewery & Distillery
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 2 Graphics Dr

    Year built
    1982
    Lot size
    8.92 lot acres
    Zone code
    IP-1
    Property type
    Industrial properties
    APN
    02 00368-0000-00031
    APU
    200368000000031

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2025 — Civi Fi Nj1w04 LLC — Deed · related $110M · Equitable Financial Life Insurance Compa
    Jan 14, 2022 $2,210,000 Rhb Acquisition LLC Melchris Holdings LLC Deed —
    Jan 14, 2022 $4,250,000 Civf Vi Nj1w04 LLC Rhb Acquisition LLC Deed —
    Jan 3, 2018 — Hechres Hollinigs LLC — Deed · related $1.6M · Amboy Bank
    Aug 16, 2007 $1,491,000 Melchris Holdings LLC American Properties At Ewing I Grant Deed —
    Jun 21, 2006 $1,620,000 American Properties At Ewing I Croda Adhesives INC Grant Deed —
    — — American Properties At Ewing I — Deed Of Trust · related $1.3M · Oritani Savings Bank
    — — Melchris Holdings LLC — Deed Of Trust · related $481k · First Choice Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,640,000
      ML approach
      $4,530,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,505,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ewing
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7962
    Latitude
    40.2763
    CBSA code
    45940
    CBSA name
    TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $42,585
    $582,200
    $601,700
    $1,183,900
    -
    $582,200
    $601,700
    $1,183,900

    Comparable in this City

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      INDUSTRIAL (GENERAL)
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      7.02 Acres

      1510 Pkwy Ave, Unit 1540

      INDUSTRIAL (GENERAL)
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      View Details
    • Value Estimation
      $685,000
      35.41 Acres

      2200 Scenic Dr

      APARTMENT HOUSE (UNDER 5 UNITS)
      2200 Scenic Dr, Trenton, NJ 08628
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

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      Industrial/Warehouse Space with Office

      34,910 SF industrial/warehouse space with office and parking.
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      3,315 SF

      Ewing Office Space For Sale

      Office space available for purchase in Ewing, New Jersey.
      170 Scotch Rd, Ewing, NJ 08628
      View Details
    • $1,200,000
      2.89 Acres

      Prime Retail Site in Ewing

      High-visibility land in Ewing's rapidly growing Town Center District.
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      Ewing Medical Office Building For Sale

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      34 Scotch Rd, Ewing, NJ 08628
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    • Contact for pricing
      Pending

      Land Near Medical Complex

      Land ideal for medical group near Capital Health complex.
      146 Scotch Rd, Ewing, NJ 08628
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    Similar Nearby for Lease

    • Contact for pricing
      8,340 SF

      Ewing Office and Retail Spaces

      Office and retail spaces available for lease in Ewing.
      1320 Parkway Ave, Ewing, NJ 08628
      View Details
    • $2,000 /Mo

      Renovated Retail/Office Space Available

      Renovated retail/office space in Ewing, close to major highways.
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      View Details
    • $2,250 /Mo

      Retail Space with Open Layout

      1,700 sq ft retail space with high traffic exposure.
      1569 Parkway Ave, Trenton, NJ 08628
      View Details
    • Contact for pricing
      3,200 SF

      Ewing Township Retail and Office

      Retail and office spaces available for lease in Ewing Township.
      25-49 Scotch Rd, Ewing Township, NJ 08628
      View Details
    • Contact for pricing
      4,908 SF

      Class A Office Space Available

      Available office space with on-site amenities and highway access.
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      View Details
    • Contact for pricing
      1,000 SF

      Ewing Retail Space Available

      Retail space available for lease in Ewing, New Jersey.
      183-197 Scotch Rd, Ewing, NJ 08628
      View Details
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    Ewing, NJ 08628-1546
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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