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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Industrial properties
344 Cedar Ave, Middlesex, NJ 08846-2433
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1925875
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Construction
CONCRETE BLOCKS
Total area
22,124 SF
Lot
1.6 ac (69,696 SF)
Zoning code
IND
APN
10 00344-0000-00003
UPID
US59-1925875
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
-
Spray-Tek Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.98M
Owner & transaction history
Spray Tek LLC · 4 yrs held
Spray Tek LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
IND · Middlesex, 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 Middlesex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlesex 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
$2,000,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.90M (Jan 27 2022)
Last sale anchor
$1.90M
Jan 27 2022
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
$89 / 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
$48,377
Tax year 2022
Assessed value
$2,212,400
Assessed 2023
Previous assessed
$2,212,400
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$640,000
Assessed improvement
$1,572,400
Land market value
$640,000
Improvement market value
$1,572,400
Total market value
$2,212,400
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Total area
22,124 SF
Lot
1.6 ac (69,696 SF)
Zoning code
IND
APN
10 00344-0000-00003
UPID
US59-1925875
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IND · Middlesex, NJ
Zoning IND · permitted uses
IND · Middlesex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middlesex. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Spray Tek LLC
Entity
Mailing address
344 CEDAR AVE, MIDDLESEX, NJ 08846-2433
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
—
Spray Tek LLC
—
Deed
related
$137,000,000 · Alter Domus Us LLC
Jan 27, 2022
$1,895,736
Spray Tek LLC
Spray Tek INC
Quit Claim Arm's Length For Ne States
—
Dec 2, 2021
—
Spray Tek INC
—
Deed
related
$6,080,000 · Td Bank NA
Jun 9, 2020
—
Spray-tek INC
—
Deed Of Trust
related
$1,350,000 · Td Bk NA
May 11, 2011
—
Spray-tek INC
—
Grant Deed
related
$11,320,000 · Td Bk NA
—
—
Spray-tek INC
—
Deed Of Trust
related
$1,500,000 · Pnc Bk/oh
—
—
Spray-tek INC
—
Deed Of Trust
related
$1,220,000 · Pnc Bank
—
—
Spray-tek INC
—
Deed Of Trust
related
$2,500,000 · Pnc Bk/oh
—
—
Spray-tek INC
—
Deed Of Trust
related
—
—
—
Spray-tek INC
—
Deed Of Trust
related
$500,000 · Pnc Bk/oh
—
—
Spray-tek INC
—
Deed Of Trust
related
$1,500,000 · Pnc Bk/oh
—
—
Spray-tek INC
—
Deed Of Trust
related
$3,114,000 · Pnc Bk/oh
—
—
Spray-tek INC
—
Deed Of Trust
related
$2,500,000 · Pnc Bk/oh
—
—
Td Equipment Finance INC
—
Loan Modification, Consolidation And Extension
related
$2,100,000 · Td Bk NA
—
—
Spray-tek INC
—
Deed Of Trust
related
$500,000 · Td Bk NA
—
—
Spray-tek INC
—
Deed Of Trust
related
$1,600,000 · Td Bk NA
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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