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Property profile & analytics
OFF-MARKET
Estimated value
$28,610,000
Industrial properties
401 Cottontail Ln Somerset, NJ 08873-1290
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1041993
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2023
Lot
6.89 ac (300,128 SF)
Zoning code
M1
APN
08 00517- 01-00008- 06
UPID
US59-1041993
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.61M
Owner & transaction history
Ilan Realty Somerset Logistics I Nj · 2 yrs held
Ilan Realty Somerset Logistics I Nj
since 2023
Last sale
$29.6M
4 recorded transactions
Zoning & alternative use
M1 · Somerset, 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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
$26,605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$28.61M
Range $25.75M – $31.47M · ±10% · vs last sale $29.62M (May 8 2023)
Last sale anchor
$29.62M
May 8 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
—
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
$12,797
Tax year 2022
Assessed value
$6,050,000
Assessed 2023
Previous assessed
$627,900
+863.5% YoY
Effective rate
0.21%
On assessed value
Assessed land
$6,000,000
Assessed improvement
$50,000
Land market value
$6,000,000
Improvement market value
$50,000
Total market value
$6,050,000
Applied tax rate
8.0000
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
2023
Heating
NONE
Units
1
Lot
6.89 ac (300,128 SF)
Zoning code
M1
APN
08 00517- 01-00008- 06
UPID
US59-1041993
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Somerset, NJ
Zoning M1 · permitted uses
M1 · Somerset, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerset. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Units
1
Lot
6.89 ac
Current owner
From public records · entity-resolved
Ilan Realty Somerset Logistics I Nj
Entity
Mailing address
17304 PRESTON RD STE #550, DALLAS, TX 75252-5625
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2023
$29,615,058
Ilan Realty Somerset Logistics I Nj
Aacter Property LLC
Correction Deed
related
$21,000,000 · Qr Us Finance Reit LLC
May 8, 2023
$29,615,058
Ilan Realty Somerset Logistics LP
Aactfr Property LLC
Deed
—
Feb 13, 2023
—
M Affiliates LLC
Elkins Enterprises LLC
Deed
—
Sep 3, 2021
$3,400,000
Aactfr Property LLC
Elkins Enterprises LLC
Deed
$15,500,000 · Pangea Mortgage Capital LLC
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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