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Property profile & analytics
OFF-MARKET Estimated value $2,595,000
Industrial properties

3150 Bordentown Ave Old Bridge, NJ 08857-9703

7,801 SF 5.37 ac lot
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1249473
Property summary
AI-generated overview

This exceptional Old Bridge, New Jersey industrial property presents a compelling investment opportunity. The 35,000-square-foot warehouse, built in 1967, sits on a 5.1-acre lot and boasts a 100% occupancy rate, generating a pro-forma NOI of $1,099,992 and an 11% pro-forma cap rate. The single-story Class B building features 24'-30' ceiling heights, five dock-high doors, and approximately 7,000 square feet of office/showroom space. The property is zoned SD3 and benefits from ample parking and yard space. With its strategic location in the Old Bridge/Sayreville industrial submarket, this owner-user investment offers significant potential. The asking price is $10,000,000, translating to $285.71 per square foot and $1,960,784 per acre for the land. The property's features include a masonry construction, and a layout suitable for various manufacturing and warehouse operations. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a prime location. The property's strong financial performance and desirable features make it an attractive investment for both owner-users and investors seeking a stable, high-return asset. The address is 3150 Bordentown Avenue, Old Bridge, NJ 08857.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 7,801 SF
Lot 5.37 ac (233,917 SF)
Zoning code SD3
APN 15 05001-0000-00004- 18
UPID US59-1249473
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
  • Fi Companies General Contractor
  • J H Monteath Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.54M
Blend (final) Blend
$2.60M
Owner & transaction history
31 Bordentown Realty LLC · 7 yrs held
31 Bordentown Realty LLC
since 2019
7 recorded transactions
2020
Price N/A
2020
Price N/A
2019
$3.5M
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SD3 · Old Bridge, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $2.1M +22.8%
Apartment house (5+ units) $1.9M +10.7%
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