Entity Owned 
For Lease
1 / 7
$18 SF/Yr
5 Shirley Ave, Somerset, NJ 08873
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Property summary
AI-generated overview
This renovated warehouse space provides approximately 2,500 square feet of interior area and was updated in 2023. The suite includes whole-space backup power generation and new energy-efficient lighting. It is located at 5 Shirley Ave in Somerset, New Jersey, and is configured to support warehouse or storage-focused uses.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
12,880 SF
Lot
1.49 ac (64,904 SF)
Zoning code
M2
APN
08 00091-0000-00003- 01
UPID
US59-0079220
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Water Treatment Supplier Service Establishment
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
since 2020
2 recorded transactions
Zoning & alternative use
M2 · Somerset, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.58M
Value range
$1.42M – $1.73M
±10% around blend
Estimated value / SF
$122 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
$1.42M
blend $1.58M
$1.73M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,880 SF
Lot area
1.49 ac
Stories
1
APN
08 00091-0000-00003- 01
Zoning
M2
Assessed value
$1,340,000
Annual tax
$22,528
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.77M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.1 mi away · 10,046 SF
24.7 mi away · 10,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.58M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$765
-84%
Submarket 21 sales
$765
-84%
County 31 sales
$336
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $122/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.34M
Move the market yield to see immediate price impact.
Value / SF
$104
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$84k
$1.69M
$1.21M
$938k
$94k
$1.88M
$1.34M
$1.04M
$103k
$2.06M
$1.47M
$1.15M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$3.60M
13.9 mi · Jan 2026 · $307/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$22,528
Tax year 2022
Assessed value
$1,340,000
Assessed 2023
Previous assessed
$1,100,000
+21.8% YoY
Effective rate
1.68%
On assessed value
Assessed land
$260,000
Assessed improvement
$1,080,000
Land market value
$260,000
Improvement market value
$1,080,000
Total market value
$1,340,000
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
12,880 SF
Lot
1.49 ac (64,904 SF)
Zoning code
M2
APN
08 00091-0000-00003- 01
UPID
US59-0079220
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M2 · Somerset, NJZoning M2 · permitted uses
M2 · Somerset, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
1.49 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2
Jurisdiction
Somerset, NJ
Recorded code
M2
Ownership Intelligence
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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