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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Industrial properties
203 Egel Ave Middlesex, NJ 08846-2507
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0993287
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Total area
6,185 SF
Lot
0.36 ac (15,625 SF)
Zoning code
IND
APN
10 00288-0000-00034
UPID
US59-0993287
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
$1.28M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.22M
Owner & transaction history
203 Egel Avenue LLC · 4 yrs held
203 Egel Avenue LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
IND · Middlesex, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l District. § 420-52 AR-3 Attached Residential District. § 420-53 SCR Senior Citizen Residential District. § 420-54 G-B General Business District. § 420-55 CLW Commercial/Light Manufacturing/Wholesale District. § 420-56 IND Industrial District. § 420-57 HI Heavy Industrial District. § 420-58 M Municipal District. Article VII Conditional Uses § 420-59 Conditi…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
391.04 ac
Top alternative use upside
Office building
$1.7M
+70.1%
Apartment house (5+ units)
$1.5M
+53.3%
Commercial (general)
$1.5M
+52.4%
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 Middlesex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlesex 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
$1,265,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,070,000
7%
$990,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$995,000
Current use
OFFICE BUILDING
$1,690,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,525,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,515,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.20M (Jan 11 2022)
Last sale anchor
$1.20M
Jan 11 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
$196 / 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
$15,934
Tax year 2022
Assessed value
$1,113,300
Assessed 2023
Previous assessed
$1,113,300
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$250,000
Assessed improvement
$863,300
Land market value
$250,000
Improvement market value
$863,300
Total market value
$1,113,300
Applied tax rate
10.0000
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
1970
Heating
NONE
Units
1
Total area
6,185 SF
Lot
0.36 ac (15,625 SF)
Zoning code
IND
APN
10 00288-0000-00034
UPID
US59-0993287
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IND · Middlesex, NJZoning IND · permitted uses
IND · Middlesex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l District. § 420-52 AR-3 Attached Residential District. § 420-53 SCR Senior Citizen Residential District. § 420-54 G-B General Business District. § 420-55 CLW Commercial/Light Manufacturing/Wholesale District. § 420-56 IND Industrial District. § 420-57 HI Heavy Industrial District. § 420-58 M Municipal District. Article VII Conditional Uses § 420-59 Conditional uses. Article VIII Performance Standards § 420-60 Performance standards. Artic
Zone name
Industrial
General category
INDUSTRIAL
Zone area
391.04 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$995,000
OFFICE BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
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
1970
Heating
NONE
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
203 Egel Avenue LLC
Entity
Mailing address
203 EGEL AVELLC, MIDDLESEX, NJ 08846-2507
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
—
203 Egel Avenue LLC
—
Deed
related
$500,000 · Paul Elis Roth Ira
May 27, 2022
—
203 Egel Avenue LLC
—
Deed
related
$840,000 · Bond Street Mortgage LLC
Jan 11, 2022
$1,200,000
203 Egel Avenue LLC
Jessdan Management LLC
Deed
—
Sep 12, 1988
$350,000
J R Management Co
Unknown
Grant Deed
—
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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