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Property profile & analytics
OFF-MARKET
Estimated value
$63,005,000
Warehouses
330 Oak Tree Ave South Plainfield, NJ 07080-4411
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1549745
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
202,800 SF
Lot
11 ac (479,160 SF)
Zoning code
M3
APN
22 00254-0000-00027
UPID
US59-1549745
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
-
Americold Logistics S Plainfield Oak Tree Storage Facility Warehouse & Storage
-
Fyre Technology Inc General Contractor Security Service
-
Jaypack Crating & Distribution Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$42.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$63.01M
Owner & transaction history
Project Shiver Buyer 3 LLC · 5 yrs held
Project Shiver Buyer 3 LLC
since 2021
Last sale
$63.8M
2 recorded transactions
Zoning & alternative use
M3 · South Plainfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$41.6M
+415.9%
Medical building
$39.2M
+386.3%
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 South Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Plainfield 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
$81,990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$46,070,000
6.5%
$42,525,000
7%
$39,485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$41,630,000
Change: +416% · Conversion: Difficult
MEDICAL BUILDING
$39,240,000
Change: +386% · Conversion: Difficult
Blend value · Realmo final
$63.01M
Range $56.70M – $69.31M · ±10% · vs last sale $63.75M (May 20 2021)
Last sale anchor
$63.75M
May 20 2021
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
$311 / 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
$242,544
Tax year 2022
Assessed value
$3,677,700
Assessed 2023
Previous assessed
$3,677,700
+0.0% YoY
Effective rate
6.59%
On assessed value
Assessed land
$550,000
Assessed improvement
$3,127,700
Land market value
$550,000
Improvement market value
$3,127,700
Total market value
$3,677,700
Applied tax rate
22.0000
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
1968
Heating
NONE
Total area
202,800 SF
Lot
11 ac (479,160 SF)
Zoning code
M3
APN
22 00254-0000-00027
UPID
US59-1549745
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M3 · South Plainfield, NJ
Zoning M3 · permitted uses
M3 · South Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Plainfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$41.6M
MEDICAL BUILDING
Est. value
$39.2M
OFFICE BUILDING
MEDICAL BUILDING
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
1968
Heating
NONE
Lot
11 ac
Current owner
From public records · entity-resolved
Project Shiver Buyer 3 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10 GLENLAKE PKWYSUITE600, ATLANTA, GA 30328-3495
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$63,750,000
Project Shiver Buyer 3 LLC
Jayne Enterprjse Group LLP
Bargain And Sale Deed
—
—
—
Jayne Ent Group LLP
—
Deed Of Trust
related
—
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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