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Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Warehouses
3 Convery Blvd Woodbridge, NJ 07095-2678
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1562914
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
30,090 SF
Lot
3.41 ac (148,670 SF)
Zoning code
M-1
APN
25 00253-0000-00012
UPID
US59-1562914
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.08M
CAP Approach
CAP
$6.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.73M
Owner & transaction history
Nest Scientific USA LLC · 5 yrs held
Nest Scientific USA LLC
since 2020
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
M-1 · Woodbridge, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+386.3%
Auto repair, garage
$5.1M
+328.4%
Retail stores
$4.8M
+301.3%
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 Woodbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbridge 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
$6,235,000
ML approach
$6,075,000
CAP Approach
CAP Return
Estimation
6%
$6,835,000
6.5%
$6,310,000
7%
$5,860,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,820,000
Change: +386% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,130,000
Change: +328% · Conversion: Easy
RETAIL STORES
$4,805,000
Change: +301% · Conversion: Moderate
OFFICE BUILDING
$4,770,000
Change: +298% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,155,000
Change: +247% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,745,000
Change: +213% · Conversion: Difficult
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±10% · vs last sale $5.00M (Oct 30 2020)
Last sale anchor
$5.00M
Oct 30 2020
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
$190 / 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
$81,814
Tax year 2022
Assessed value
$660,000
Assessed 2023
Previous assessed
$660,000
+0.0% YoY
Effective rate
12.40%
On assessed value
Assessed land
$204,600
Assessed improvement
$455,400
Land market value
$204,600
Improvement market value
$455,400
Total market value
$660,000
Applied tax rate
25.0000
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
1990
Heating
NONE
Units
1
Total area
30,090 SF
Lot
3.41 ac (148,670 SF)
Zoning code
M-1
APN
25 00253-0000-00012
UPID
US59-1562914
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Woodbridge, NJ
Zoning M-1 · permitted uses
M-1 · Woodbridge, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodbridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1990
Heating
NONE
Units
1
Lot
3.41 ac
Current owner
From public records · entity-resolved
Nest Scientific USA LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3 CONVERY BLVD, WOODBRIDGE, NJ 07095-2678
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
$5,000,000
Nest Scientific USA LLC
E L K H Associates LP
Grant Deed
—
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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