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Contact for pricing
2323 Randolph Ave, Avenel, NJ 07001
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Property summary
AI-generated overview
A logistics facility totaling 17,054 square feet located in the Ports submarket, positioned near the intersections of NJ Turnpike 12, Route 440, Goethals Bridge, Route 1&9, Garden State Parkway, and Interstate 278, providing multi-highway regional connectivity. The property is approximately 10 miles from Newark Liberty International Airport and Port Newark–Elizabeth, and about 20 miles from New York City via the Holland Tunnel or the Verrazzano-Narrows Bridge, and it is configured for logistics use with access to nearby labor.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1971
Total area
31,182 SF
Lot
4.72 ac (205,560 SF)
Zoning code
M-1
APN
25 00912-0000-00028
UPID
US59-1915062
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Freight Service Logistics Company
-
Charitable Organization Social Service Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
since 2016
1 recorded transaction
Zoning & alternative use
M-1 · Avenel, NJ
Top alternative use upside
Office building
$8.5M
+22.8%
Apartment house (5+ units)
$7.7M
+10.7%
Commercial (general)
$7.0M
+0.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$885k
Value range
$797k – $974k
±10% around blend
Estimated value / SF
$28 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
$797k
blend $885k
$974k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,182 SF
Lot area
4.72 ac
Year built
1971
APN
25 00912-0000-00028
Zoning
M-1
Assessed value
$1,561,700
Annual tax
$183,078
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.39M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.84M
@ 6.5% CAP return
$5.39M
@ 7% CAP return
$5.00M
4
Sales comparison
Partial preview
Sales approach indication
$11.75M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.4 mi away · 26,796 SF
15.5 mi away · 24,193 SF
18.2 mi away · 30,519 SF
18.9 mi away · 30,264 SF
19.1 mi away · 39,788 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$885k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 115 sales
$223
-87%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $28/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+23%
vs current-use indication
Apartment House (5+ Units)
Commercial (general)
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.56M
Move the market yield to see immediate price impact.
Value / SF
$50
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$98k
$1.97M
$1.41M
$1.09M
$109k
$2.19M
$1.56M
$1.21M
$120k
$2.41M
$1.72M
$1.34M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$11.00M
1.3 mi · May 2026 · $440/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$183,078
Tax year 2023
Assessed value
$1,561,700
Assessed 2024
Previous assessed
$1,561,700
+0.0% YoY
Effective rate
11.72%
On assessed value
Assessed land
$472,000
Assessed improvement
$1,089,700
Land market value
$472,000
Improvement market value
$1,089,700
Total market value
$1,561,700
Applied tax rate
25.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1971
Heating
NONE
Units
1
Total area
31,182 SF
Lot
4.72 ac (205,560 SF)
Zoning code
M-1
APN
25 00912-0000-00028
UPID
US59-1915062
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Avenel, NJZoning M-1 · permitted uses
M-1 · Avenel, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Units
1
Lot
4.72 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M-1
Jurisdiction
Avenel, NJ
Recorded code
M-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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