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Property profile & analytics
OFF-MARKET
Estimated value
$26,840,000
Industrial properties
200 Milik St Carteret, NJ 07008-1102
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-2815244
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1981
Total area
143,845 SF
Lot
12.24 ac (532,957 SF)
APN
01 02704-0000-00001
UPID
US59-2815244
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
$24.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.84M
Owner & transaction history
T-c 200 Milik Street LLC · 11 yrs held
T-c 200 Milik Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$39.3M
+22.8%
Apartment house (5+ units)
$35.4M
+10.7%
Commercial (general)
$32.3M
+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 Carteret submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carteret 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,910,000
6.5%
$24,840,000
7%
$23,065,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$32,025,000
Current use
OFFICE BUILDING
$39,335,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$35,440,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$32,250,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$26.84M
Range $24.16M – $29.52M · ±10%
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
$187 / 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
$1,245,785
Tax year 2022
Assessed value
$38,296,500
Assessed 2023
Previous assessed
$38,296,500
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$4,284,000
Assessed improvement
$34,012,500
Land market value
$4,284,000
Improvement market value
$34,012,500
Total market value
$38,296,500
Applied tax rate
1.0000
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
1981
Heating
NONE
Total area
143,845 SF
Lot
12.24 ac (532,957 SF)
APN
01 02704-0000-00001
UPID
US59-2815244
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
$32.0M
OFFICE BUILDING
Est. value
$39.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$35.4M
COMMERCIAL (GENERAL)
Est. value
$32.3M
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
1981
Heating
NONE
Lot
12.24 ac
Current owner
From public records · entity-resolved
T-c 200 Milik Street LLC
Entity
Mailing address
PO BOX 30428, PRINCETON, NJ 08540
Ownership since
2015
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 5, 2015
$49,500,000
T-c 200 Milik Street LLC
200 Milik Street LLC
Grant Deed
related
—
Jul 5, 2011
$5,850,000
200 Millik Street LLC
Riveroak Of Cofinance-carteret Ll
Grant Deed
—
Jun 24, 2008
$57,975
Riveroak Of Cofinance-carteret Ll
Nk-remainder Interest LLC
Grant Deed
$15,690,000 · Cibc
Jun 24, 2008
$14,642,025
Riveroak Of Cofinance-carteret Ll
Newkirk Suteret
Grant Deed
—
Dec 21, 1994
$114,677
Adults Children
Tuchman,richard
Grant Deed
—
—
—
200 Milik Street LLC
—
Deed Of Trust
related
$28,000,000 · Td Bk NA
—
—
200 Milik Street LLC
—
Deed Of Trust
related
$14,950,000 · Bank Of America
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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