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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Commercial real estate
409 Joyce Kilmer Ave New Brunswick, NJ 08901-3363
Individually Owned
Free & Clear
Property ID
US59-0520473
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
BRICK
Total area
14,078 SF
Lot
5.98 ac (260,489 SF)
Zoning code
I-1
APN
13 00286- 01-00001- 01
UPID
US59-0520473
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
-
Plastic Surgery Arts of New Jersey and Medspa Physician Medical Clinic
-
Questant Construction Company
-
EZOPS Inc (Bike/Boat/Book/etc) Store Corporate Office
-
AlcheraBio, part of Argenta Corporate Office
-
Gibson Engineering Co., Inc. Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.12M
Owner & transaction history
NOT AVAILABLE FROM DATA SOURCE
NOT AVAILABLE FROM DATA SOURCE
Zoning & alternative use
I-1 · New Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I-1 Light Industrial District. a. Intent. The intent and purpose of this district is to provide for the expansion and preserve the integrity of the existing industrial uses through the redevelopment of vacant and underutilized industrial lands and the adaptive reuse of larger, single-user industrial sites. b. Principal Permitted Uses. i. High-tech light indu…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
63.90 ac
Source
municipal code
Top alternative use upside
Industrial (general)
$3.1M
+6.0%
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 New Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brunswick 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,030,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,955,000
Current use
INDUSTRIAL (GENERAL)
$3,135,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10%
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
$150 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$211,094
Tax year 2023
Assessed value
$8,301,000
Assessed 2024
Previous assessed
$8,301,000
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$1,048,000
Assessed improvement
$7,253,000
Land market value
$1,048,000
Improvement market value
$7,253,000
Total market value
$8,301,000
Applied tax rate
13.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
14,078 SF
Lot
5.98 ac (260,489 SF)
Zoning code
I-1
APN
13 00286- 01-00001- 01
UPID
US59-0520473
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-1 · New Brunswick, NJZoning I-1 · permitted uses
I-1 · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I-1 Light Industrial District. a. Intent. The intent and purpose of this district is to provide for the expansion and preserve the integrity of the existing industrial uses through the redevelopment of vacant and underutilized industrial lands and the adaptive reuse of larger, single-user industrial sites. b. Principal Permitted Uses. i. High-tech light industrial uses; ii. Assembly, finishing and packaging of products and materials; iii. Warehouse and storage buildings; iv. Research and development offices and laboratories; v. Building material sales and storage buildings; vi. Printing and publishing houses; vii. General business and sales offices; viii. Public and non-profit private schools; ix. Recording studios; x. Employment agencies with transportation; xi. Gymnasiums, health clubs and other indoor and outdoor recreational facilities; xii. Data centers; xiii. General offices; xiv. Medical offices; xv. Laboratories. c. Permitted Accessory Uses. Ancillary uses and buildings customary and incidental to the principal use. d. Conditional Uses. i. None. e. Bulk and Height Regulations. As specified in the bulk schedule at the end of this
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
63.90 ac
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (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
1900
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
NOT AVAILABLE FROM DATA SOURCE
Individual
Free & Clear · 0 yrs held
Mailing address
409 JOYCE KILMER AVE STE #300, NEW BRUNSWICK, NJ 08901-3363
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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