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Property profile & analytics
OFF-MARKET
Estimated value
$27,125,000
Residential income homes
226 Dorchester Dr East Windsor, NJ 08512-1400
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1087659
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1966
Construction
BRICK
Total area
224,512 SF
Lot
15.24 ac (663,854 SF)
Zoning code
RM
APN
01 00087-0000-00011
UPID
US59-1087659
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
-
Palmas painting LLC. Painting Service Establishment
-
Mary kay Beauty Consultant! Lorena Navas Medical Clinic Skin Care Clinic
-
Windsor Castle Apartment Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.77M
Blend (final)
Blend
$27.13M
Owner & transaction history
Windsor Castle Associates LLC · 4 yrs held
Windsor Castle Associates LLC
since 2022
2 recorded transactions
Zoning & alternative use
RM · East Windsor, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Windsor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Windsor 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$25,420,000
Current use
INDUSTRIAL (GENERAL)
$23,845,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$27.13M
Range $24.41M – $29.84M · ±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
$121 / 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
$437,754
Tax year 2022
Assessed value
$13,237,200
Assessed 2023
Previous assessed
$13,237,200
+0.0% YoY
Effective rate
3.31%
On assessed value
Assessed land
$4,400,000
Assessed improvement
$8,837,200
Land market value
$4,400,000
Improvement market value
$8,837,200
Total market value
$13,237,200
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1966
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
224,512 SF
Lot
15.24 ac (663,854 SF)
Zoning code
RM
APN
01 00087-0000-00011
UPID
US59-1087659
Jurisdiction
MERCER
Zoning & alternative use
RM · East Windsor, NJ
Zoning RM · permitted uses
RM · East Windsor, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Windsor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$25.4M
INDUSTRIAL (GENERAL)
Est. value
$23.8M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (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
1966
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
15.24 ac
Current owner
From public records · entity-resolved
Windsor Castle Associates LLC
Entity
Mailing address
21 KILMER DR STE G, MORGANVILLE, NJ 07751-1548
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
—
Windsor Castle Associates LLC
Randall Gottesman
Deed
—
Jan 6, 2011
—
Windsor Castle Associates LLC
Windsor Castle Associates
Quit Claim Deed
related
$4,750,000 · Provident Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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