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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Industrial properties
400 Lincoln Blvd Middlesex, NJ 08846-2439
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0999569
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
CONCRETE BLOCKS
Total area
12,000 SF
Lot
0.86 ac (37,365 SF)
Zoning code
CLW
APN
10 00316-0000-00001
UPID
US59-0999569
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
-
FoodPrep Solutions Kitchen Supply Store Sharpening Service
-
Gramaglia Family Ent II LLC Medical Clinic
-
New Brunswick Saw Services Inc Sharpening Service
-
A & G Italian Fine Foods Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.15M
Owner & transaction history
400 Lincoln LLC · 4 yrs held
400 Lincoln LLC
since 2022
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
CLW · Middlesex, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Attached Residential District. § 420-51 AR-2 Attached Residential District. § 420-52 AR-3 Attached Residential District. § 420-53 SCR Senior Citizen Residential District. § 420-54 G-B General Business District. § 420-55 CLW Commercial/Light Manufacturing/Wholesale District. § 420-56 IND Industrial District. § 420-57 HI Heavy Industrial District. § 420-58 M M…
Zone name
Commercial Light Manufacturing And Wholesale
General category
INDUSTRIAL
Zone area
91.61 ac
Top alternative use upside
Office building
$3.3M
+70.1%
Apartment house (5+ units)
$3.0M
+53.3%
Commercial (general)
$2.9M
+52.4%
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 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
$2,215,000
ML approach
$2,265,000
CAP Approach
CAP Return
Estimation
6%
$2,245,000
6.5%
$2,070,000
7%
$1,925,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,930,000
Current use
OFFICE BUILDING
$3,280,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,955,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,940,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.10M (Feb 18 2022)
Last sale anchor
$2.10M
Feb 18 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
$179 / 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
$42,333
Tax year 2022
Assessed value
$1,920,000
Assessed 2023
Previous assessed
$1,920,000
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$600,000
Assessed improvement
$1,320,000
Land market value
$600,000
Improvement market value
$1,320,000
Total market value
$1,920,000
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
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Total area
12,000 SF
Lot
0.86 ac (37,365 SF)
Zoning code
CLW
APN
10 00316-0000-00001
UPID
US59-0999569
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
CLW · Middlesex, NJZoning CLW · permitted uses
CLW · Middlesex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Attached Residential District. § 420-51 AR-2 Attached Residential District. § 420-52 AR-3 Attached Residential District. § 420-53 SCR Senior Citizen Residential District. § 420-54 G-B General Business District. § 420-55 CLW Commercial/Light Manufacturing/Wholesale District. § 420-56 IND Industrial District. § 420-57 HI Heavy Industrial District. § 420-58 M Municipal District. Article VII Conditional Uses § 420-59 Conditional uses. Article
Zone name
Commercial Light Manufacturing And Wholesale
General category
INDUSTRIAL
Zone area
91.61 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1987
Construction
CONCRETE BLOCKS
Heating
NONE
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
400 Lincoln LLC
Entity
Mailing address
2 MEZRITCH RD UNIT #311, SPRING VALLEY, NY 10977-8864
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$2,100,000
400 Lincoln LLC
Msrb LLC
Deed
$1,560,000 · Yellow Jacket Ventures LLC
Jun 19, 2012
$950,000
Msrb LLC
Lsref2 Clipper III LLC
Grant Deed
$650,000 · Bank Of America
Apr 5, 2012
—
Fargo Bk NA Wells
Sheriff Of Middlesex County
Trustees Deed
related
—
—
—
Gramaglia Family Ents LLC
—
Deed Of Trust
related
$1,055,000 · Washington Mutual Bk
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.
Try Rey
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