Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    226 Dorchester Dr East Windsor, NJ 08512-1400

    • Residential income homes
    • 224,512 SF
    • 15.24 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2022
    Value Estimations
    $27,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1087659
    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.

    Current Use by Public Records

    • Palmas painting LLC. / Painting / Service Establishment
    • Mary kay Beauty Consultant! Lorena Navas / Facial Spa / Skin Care Clinic
    • Windsor Castle Apartment / Apartment Building

    Property Details for 226 Dorchester Dr

    Year built
    1966
    Construction
    BRICK
    Lot size
    15.24 lot acres
    Property size
    224,512 SF
    Zone code
    RM
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    01 00087-0000-00011
    APU
    100087000000011

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,770,000
      Market price range: $17.8M - $44.8M
      AI Estimate
      $28,557,000
      Market price range: $28.6M - $49.2M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $25,420,000
      Current use
      INDUSTRIAL (GENERAL)
      $23,845,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.5673
    Latitude
    40.2771
    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
    $437,754
    $4,400,000
    $8,837,200
    $13,237,200
    -
    $4,400,000
    $8,837,200
    $13,237,200

    Comparable in this City

    • Value Estimation by Request
      2,326 SF

      27 Hagerty Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,326 SF
      27 Hagerty Ln, Cranbury, NJ 08512-2734
      View Details
    • Value Estimation
      $625,000
      2,446 SF

      21 Hagerty Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,446 SF
      21 Hagerty Ln, Cranbury, NJ 08512-2735
      View Details
    • Value Estimation by Request
      2,240 SF

      34 Labaw Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,240 SF
      34 Labaw Dr, Cranbury, NJ 08512-2751
      View Details
    • Value Estimation by Request
      2,258 SF

      20 Hagerty Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,258 SF
      20 Hagerty Ln, Cranbury, NJ 08512-2736
      View Details
    • Value Estimation by Request
      2,258 SF

      70 Labaw Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,258 SF
      70 Labaw Dr, Cranbury, NJ 08512-2752
      View Details
    • Value Estimation by Request
      2,276 SF

      8 Labaw Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,276 SF
      8 Labaw Dr, Cranbury, NJ 08512-2750
      View Details

    Similar Nearby for Sale

    • $299,000
      1,215 SF

      Updated Condo in Windsor Mill

      Recently updated 2-bedroom condo with modern amenities and community features.
      1123 Country Mill Dr, East Windsor, NJ 08512
      View Details
    • $145,000
      800 SF

      East Windsor Co-op Opportunity

      First-floor, one-bedroom co-op in a convenient East Windsor location.
      103E The Orch, East Windsor, NJ 08512
      View Details
    • $1,889,000
      4.05 Acres

      Prime East Windsor Commercial Land

      4.05 Acres, All Utilities Available
      359 Princeton Hightstown Rd, East Windsor, NJ 08512
      View Details
    • $249,000
      1.13 Acres

      Cranbury Land For Sale

      1.13 acre land available in Cranbury, New Jersey.
      6 Ryan Rd, Cranbury, NJ 08512
      View Details
    • $975,000

      Industrial Land in Cranbury Township

      Two contiguous lots in a strategic industrial zone for sale.
      6 Wyckoff Mills Rd, Cranbury, NJ 08512
      View Details
    • $274,000

      Partially Wooded Land For Sale

      Three acres of partially wooded land ready for construction.
      82 Miller Rd South Brunswick, East Windsor, NJ 08512
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      19,850 SF

      Prime East Windsor Office Space

      Executive suites, ample parking, flexible space.
      1246 River Rd, East Windsor, NJ 08512
      View Details
    • Contact for pricing
      3,563 SF

      Cranbury Flex / Office Space

      Move-in ready office or lab space near NJ Turnpike.
      2000 Eastpark Blvd, Cranbury, NJ 08512
      View Details
    • $15 SF/Yr
      100,000 SF

      Dayton Business Park: Industrial Space for Lease

      Modern Flex Space, South Brunswick, NJ
      20 Haypress Rd, South Brunswick Township, NJ 08512
      View Details
    • Contact for pricing
      161,517 SF

      Cranbury Warehouse Space Available

      161,517 SF warehouse with 32' clear height available Q1 2026.
      1267 S River Rd, Cranbury, NJ 08512
      View Details
    • $2,698 /Mo

      East Windsor Office Space Rental

      Well-maintained 1,199+/- sq ft office space in East Windsor.
      379 Princeton-Hightstown Rd, East Windsor, NJ 08512
      View Details
    • Contact for pricing
      55,360 SF

      Cranbury Warehouse Near Major Routes

      Industrial warehouse space with convenient access to major transportation routes.
      118 Melrich Rd, Cranbury, NJ 08512
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    226 Dorchester Dr
    East Windsor, NJ 08512-1400
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.