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Property profile & analytics
OFF-MARKET
Estimated value
$7,370,000
Warehouses
24 Connerty Ct East Brunswick, NJ 08816-1633
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1041717
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Total area
47,588 SF
Lot
4.98 ac (216,929 SF)
Zoning code
PI
APN
04 00833-0000-00027
UPID
US59-1041717
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
-
S&B Pallet Freight Service Logistics Company
-
National Roofers of East Brunswick Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.48M
CAP Approach
CAP
$9.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.37M
Owner & transaction history
Betach Properties LLC · 4 yrs held
Betach Properties LLC
since 2022
Last sale
$7.2M
4 recorded transactions
Zoning & alternative use
PI · East Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.2M
+697.9%
Auto repair, garage
$8.1M
+603.0%
Retail stores
$7.6M
+558.4%
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
$7,600,000
ML approach
$7,480,000
CAP Approach
CAP Return
Estimation
6%
$10,810,000
6.5%
$9,980,000
7%
$9,265,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,210,000
Change: +698% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,110,000
Change: +603% · Conversion: Easy
RETAIL STORES
$7,600,000
Change: +558% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,065,000
Change: +512% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,920,000
Change: +413% · Conversion: Difficult
RESTAURANT
$5,395,000
Change: +367% · Conversion: Difficult
Blend value · Realmo final
$7.37M
Range $6.63M – $8.11M · ±10% · vs last sale $7.20M (Mar 4 2022)
Last sale anchor
$7.20M
Mar 4 2022
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
$155 / 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
$72,137
Tax year 2022
Assessed value
$620,000
Assessed 2023
Previous assessed
$620,000
+0.0% YoY
Effective rate
11.64%
On assessed value
Assessed land
$149,400
Assessed improvement
$470,600
Land market value
$149,400
Improvement market value
$470,600
Total market value
$620,000
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
1982
Heating
NONE
Units
1
Total area
47,588 SF
Lot
4.98 ac (216,929 SF)
Zoning code
PI
APN
04 00833-0000-00027
UPID
US59-1041717
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
PI · East Brunswick, NJ
Zoning PI · permitted uses
PI · 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
MEDICAL BUILDING
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
RESTAURANT
Est. value
$5.4M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1982
Heating
NONE
Units
1
Lot
4.98 ac
Current owner
From public records · entity-resolved
Betach Properties LLC
Entity
Mailing address
400 FEDERAL BLVD, CARTERET, NJ 07008-1006
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
Betach Properties LLC
—
Deed
related
$8,250,000 · Provident Bank
Mar 4, 2022
$7,200,000
Betach Properties LLC
Stepow LLC
Deed
$3,600,000 · Wells Fargo Bank NA
Mar 4, 2022
—
Betach Properties LLC
—
Deed
related
$2,960,000 · Empire State Certified Development Corpo
Nov 8, 2018
—
Stepow LLC
—
Grant Deed
related
$2,500,000 · Jp Morgan Chase Bk
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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