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Property profile & analytics
OFF-MARKET
Warehouses
324 Half Acre Rd Cranbury, NJ 08512-3254
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-3169451
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Lot
53.98 ac (2,351,499 SF)
Zoning code
LI
APN
02 00008-0000-00001- 01
UPID
US59-3169451
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
-
Ansell Healthcare Warehouse Industrial Manufacturer Production Facility
-
Sunpower Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jersey Turnpike Authority New · 15 yrs held
Jersey Turnpike Authority New
since 2010
7 recorded transactions
Zoning & alternative use
LI · Cranbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cranbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cranbury 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$481,904
Tax year 2022
Assessed value
$27,042,900
Assessed 2023
Previous assessed
$27,042,900
+0.0% YoY
Effective rate
1.78%
On assessed value
Land market value
$8,097,500
Improvement market value
$20,385,400
Total market value
$28,482,900
Applied tax rate
2.0000
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
2007
Heating
NONE
Stories
1
Units
1
Lot
53.98 ac (2,351,499 SF)
Zoning code
LI
APN
02 00008-0000-00001- 01
UPID
US59-3169451
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Cranbury, NJ
Zoning LI · permitted uses
LI · Cranbury, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cranbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Units
1
Lot
53.98 ac
Current owner
From public records · entity-resolved
Jersey Turnpike Authority New
Entity
Free & Clear · 15 yrs held
Mailing address
9380 COLONNADE BLVD STE #600, SAN ANTONIO, TX 78230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2023
—
Us Industrial Reit II
—
Deed
related
$229,000,000 · New York Life Insurance Company
May 14, 2018
—
Us Industrial Reit II
—
Deed
related
$158,300,000 · Miscellaneous Ins Co
Dec 14, 2017
—
Us Industrial Reit II
—
Deed
related
$165,700,000 · Miscellaneous Ins Co
Aug 18, 2010
$278,100
Jersey Turnpike Authority New
Us Industrial Reit II
Grant Deed
—
Dec 27, 2007
$58,029,413
Us Industrial Reit II
Rock-idi Cranbury LLC
Grant Deed
$165,700,000 · Miscellaneous Ins Co
Jun 19, 2006
—
Rock-idi Cranbury LLC
—
Grant Deed
related
$31,807,300 · Rockefeller Group Internationa
Sep 20, 2005
$9,324,047
Rock-idi Cranbury LLC
Church & Dwight Co INC
Grant Deed
—
Sep 20, 2005
—
Church & Dwight Co INC
Armkel Cranbury LLC
Grant Deed
related
—
—
—
Us Industrial Reit II
—
Loan Modification
related
$158,300,000 · Miscellaneous Ins Co
—
—
Us Industrial Reit II
—
Loan Modification
related
$165,700,000 · Miscellaneous Ins Co
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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