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Property profile & analytics
OFF-MARKET
Estimated value
$42,720,000
Warehouses
22 Kimberly Rd East Brunswick, NJ 08816-2009
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0341631
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
220,800 SF
Lot
16 ac (696,960 SF)
Zoning code
IM
APN
04 00029- 05-00003- 06
UPID
US59-0341631
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
-
Iron Mountain ~ MGM Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$46.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$42.72M
Owner & transaction history
Bcore Shield 22 Kimberly Owner · 5 yrs held
Bcore Shield 22 Kimberly Owner
since 2020
Last sale
$38.4M
3 recorded transactions
Zoning & alternative use
IM · East Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$57.9M
+982.0%
Medical building
$42.7M
+697.9%
Auto repair, garage
$37.6M
+603.0%
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 East Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Brunswick 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
$47,840,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$50,155,000
6.5%
$46,300,000
7%
$42,990,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$57,935,000
Change: +982% · Conversion: Difficult
MEDICAL BUILDING
$42,725,000
Change: +698% · Conversion: Difficult
AUTO REPAIR, GARAGE
$37,640,000
Change: +603% · Conversion: Easy
RETAIL STORES
$35,255,000
Change: +558% · Conversion: Moderate
COMMERCIAL (GENERAL)
$32,790,000
Change: +512% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$27,470,000
Change: +413% · Conversion: Difficult
Blend value · Realmo final
$42.72M
Range $38.45M – $46.99M · ±10% · vs last sale $38.37M (Dec 16 2020)
Last sale anchor
$38.37M
Dec 16 2020
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
$193 / 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
$335,018
Tax year 2022
Assessed value
$2,879,400
Assessed 2023
Previous assessed
$2,879,400
+0.0% YoY
Effective rate
11.63%
On assessed value
Assessed land
$560,000
Assessed improvement
$2,319,400
Land market value
$560,000
Improvement market value
$2,319,400
Total market value
$2,879,400
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
NONE
Units
1
Total area
220,800 SF
Lot
16 ac (696,960 SF)
Zoning code
IM
APN
04 00029- 05-00003- 06
UPID
US59-0341631
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IM · East Brunswick, NJ
Zoning IM · permitted uses
IM · East Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$57.9M
MEDICAL BUILDING
Est. value
$42.7M
AUTO REPAIR, GARAGE
Est. value
$37.6M
RETAIL STORES
Est. value
$35.3M
COMMERCIAL (GENERAL)
Est. value
$32.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.5M
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
Units
1
Lot
16 ac
Current owner
From public records · entity-resolved
Bcore Shield 22 Kimberly Owner
Individual
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Bcore Shield 22 Kimberly Owner LLC
—
Deed
related
$232,000,000 · Wells Fargo Bank NA
Dec 16, 2020
$38,370,505
Bcore Shield 22 Kimberly Owner
Iron Mtn Information Mgmt LLC
Grant Deed
—
Jan 8, 2013
—
Iron Mountain Information Mgmt
Iron Mountain Statutory Trust
Quit Claim Deed
related
—
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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