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Property profile & analytics
OFF-MARKET Estimated value $7,795,000
Industrial properties

240 Cir N Dr Piscataway, NJ 08854-3705

69,998 SF 4.98 ac lot Built 1983
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-1487182
Property summary
AI-generated overview

This exceptional 75,000-square-foot Class B warehouse, built in 1983, offers multiple tenancy options in the desirable Piscataway submarket. Currently, 29,500 square feet of vacant space is immediately available for occupancy in October 2023. Units range from a minimum of 24,500 square feet to a maximum contiguous space of 33,500 square feet. The property boasts impressive features including 17-foot ceilings, providing ample vertical storage capacity. Loading and unloading are facilitated by two dock-high doors and one drive-in door. The building is equipped with heavy power, catering to businesses with significant energy demands. While there are no elevators, the expansive layout and convenient access points ensure efficient operations. The property is zoned LI-5 and situated within Middlesex County. Ample parking is available, accommodating 100-200 vehicles. Adding to its appeal, 1,000 to 6,000 square feet of adjacent office space is also available, providing flexibility for various business needs. This former corporate headquarters benefits from its location in an established industrial park setting, reflecting a low 2% vacancy rate in the immediate area. This presents a rare opportunity to secure prime warehouse space in a thriving market.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1983
Total area 69,998 SF
Lot 4.98 ac (216,929 SF)
Zoning code LI5
APN 17 04301-0000-00008- 02
UPID US59-1487182
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
  • YC Cable/ Grandmax Industrial Manufacturer Production Facility
  • PeeWee Molding corporation Factory Production Facility
  • Meyer Moving Company Storage Facility
  • CableGal.net Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.80M
Owner & transaction history
240 Circle Realty LLC · 4 yrs held
240 Circle Realty LLC
since 2021
4 recorded transactions
2021
Price N/A
2008
$960,000
2007
$4.8M
1969
Price N/A
Zoning & alternative use
LI5 · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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