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Financial
Distress signals
Property profile

2323 Randolph Ave Avenel, NJ 07001

FOR LEASE
Other industrial properties
Property ID
US59-1915062
31,182 SF 4.72 ac lot Built 1971
Last sale May 2016 · $6,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$183k
Tax billed · 2023
Assessed value · 2024$1.56M
Assessed land$472k
Assessed improvement$1.09M
Effective rate11.72%

Value estimate

· Oct 2026
$885k
$797k – $974k
CAP approach$5.39M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$223/SF
County average, outlier-cleaned · 115 recorded sales of this use type
Observed band · Q1–Q3$121 – $455
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M-1
JurisdictionMIDDLESEX

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.2
Dental Office22.8
Spa & Massage19.5

Location

2323 Randolph Ave Avenel, NJ 07001
County assessor Recorded deeds · 1 transfer 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20 Production, Avenel, NJ 07001-1628 $5,340,000 Jun 2025 23,920 SF
55 Randolph, Avenel, NJ 07001 $7,392,000 Dec 2023 26,550 SF
160 Essex E, Avenel, NJ 07001-2081 $19,700,000 Sep 2022 38,000 SF
190 Homestead, Avenel, NJ 07001-2040 $7,400,000 Jan 2021 25,000 SF
2nd Terminal, Avenel, NJ 07001 $58,900,000 Dec 2019 9,607 SF
27 Engelhard, Avenel, NJ 07001-2204 $3,700,000 Jun 2019 25,351 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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