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Property profile & analytics
OFF-MARKET
Estimated value
$53,745,000
Warehouses
34 Engelhard Dr, Monroe Township, NJ 08831-3720
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-3005794
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
203,494 SF
Lot
12 ac (522,720 SF)
APN
12 00058- 2-00021- 1
UPID
US59-3005794
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
by Request
CAP Approach
CAP
$42.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$53.75M
Owner & transaction history
Syracuse 34 Engeijhard Drive Owner · 2 yrs held
Syracuse 34 Engeijhard Drive Owner
since 2023
Last sale
$53.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$41.8M
+415.9%
Medical building
$39.4M
+386.3%
Auto repair, garage
$34.7M
+328.4%
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 Monroe Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe Township 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
$64,800,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$46,225,000
6.5%
$42,670,000
7%
$39,620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$41,770,000
Change: +416% · Conversion: Difficult
MEDICAL BUILDING
$39,375,000
Change: +386% · Conversion: Difficult
AUTO REPAIR, GARAGE
$34,690,000
Change: +328% · Conversion: Easy
RETAIL STORES
$32,490,000
Change: +301% · Conversion: Moderate
Blend value · Realmo final
$53.75M
Range $48.37M – $59.12M · ±10% · vs last sale $53.75M (Aug 23 2023)
Last sale anchor
$53.75M
Aug 23 2023
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
$264 / 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
$295,296
Tax year 2022
Assessed value
$11,072,200
Assessed 2023
Previous assessed
$11,072,200
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$3,000,000
Assessed improvement
$8,072,200
Land market value
$3,000,000
Improvement market value
$8,072,200
Total market value
$11,072,200
Applied tax rate
12.0000
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
1980
Heating
NONE
Total area
203,494 SF
Lot
12 ac (522,720 SF)
APN
12 00058- 2-00021- 1
UPID
US59-3005794
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$41.8M
MEDICAL BUILDING
Est. value
$39.4M
AUTO REPAIR, GARAGE
Est. value
$34.7M
RETAIL STORES
Est. value
$32.5M
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1980
Heating
NONE
Lot
12 ac
Current owner
From public records · entity-resolved
Syracuse 34 Engeijhard Drive Owner
Individual
Mailing address
34 ENGELHARD DR STE #105, MONROE TOWNSHIP, NJ 08831-3720
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
—
Syracuse 34 Engelhard Drive Owner L
—
Deed
related
$509,400,000 · Syracuse Fund V Lender Sub LLC
Aug 23, 2023
$53,750,000
Syracuse 34 Engeijhard Drive Owner
Lit Industrial Limited Partnership
Bargain And Sale Deed
—
Oct 2, 2008
—
Lit Industrial
—
Grant Deed
related
$97,500,000 · Miscellaneous Ins Co
Jan 8, 2008
$13,600,000
Lit Industrial
Kpjv 34 Englehard Drive
Grant Deed
—
—
—
Lit Industrial LP
—
Deed Of Trust
related
$97,000,000 · Hartford Life Insurance Co
—
—
Kpjv 34 Englehard Drive
—
Deed Of Trust
related
$16,000,000 · 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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