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Property profile & analytics
OFF-MARKET
Estimated value
$3,345,000
Industrial properties
50 Cragwood Rd South Plainfield, NJ 07080-2433
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2119742
Property summary
AI-generated overview
50 Cragwood offers exceptional office space in a prime location, conveniently situated off Highway 278. This three-story building provides single-tenant occupancy options ranging from 1,000 to 20,000 square feet, catering to a variety of business needs. The property is currently undergoing significant capital improvements, ensuring a modern and updated environment for tenants. Each suite is customizable, allowing for a build-out tailored to the specific requirements of the occupant. This flexibility makes 50 Cragwood ideal for traditional office spaces, creative agencies, executive offices, or medical practices. Ample on-site parking is available for the convenience of employees and clients. While photos currently shown are virtual representations, the property offers a high-quality workspace in a desirable location. Contact us today to discuss your specific needs and explore the possibilities of establishing your business at 50 Cragwood. The building features elevators for easy access to all three floors. Don't miss this opportunity to secure your ideal office space in a thriving area.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Total area
95,697 SF
Lot
8.92 ac (388,555 SF)
Zoning code
M2
APN
22 00528- 01-00045- 01
UPID
US59-2119742
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
-
Pandya Kapadia Bhatt & Associates, CPAs Accounting Firm
-
RCT Enterprises Loan Service Bank
-
Enterprise IT Resources Tech Support Center (Bike/Boat/Book/etc) Store
-
ITSapiens (Bike/Boat/Book/etc) Store Corporate Office
-
Microtek Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$3.35M
Owner & transaction history
Cragwood Warehouse LLC · 4 yrs held
Cragwood Warehouse LLC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
M2 · South Plainfield, 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 South Plainfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Plainfield 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
$3,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.35M
Range $3.01M – $3.68M · ±10% · vs last sale $2.93M (Apr 1 2022)
Last sale anchor
$2.93M
Apr 1 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
$35 / 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
$198,180
Tax year 2022
Assessed value
$3,005,000
Assessed 2023
Previous assessed
$3,005,000
+0.0% YoY
Effective rate
6.60%
On assessed value
Land market value
$1,417,900
Improvement market value
$1,712,100
Total market value
$3,130,000
Applied tax rate
22.0000
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
1980
Heating
NONE
Total area
95,697 SF
Lot
8.92 ac (388,555 SF)
Zoning code
M2
APN
22 00528- 01-00045- 01
UPID
US59-2119742
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M2 · South Plainfield, NJ
Zoning M2 · permitted uses
M2 · South Plainfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Plainfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Lot
8.92 ac
Current owner
From public records · entity-resolved
Cragwood Warehouse LLC
Entity
Mailing address
50 CRAGWOOD RD STE #312, SOUTH PLAINFIELD, NJ 07080-2436
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Cragwood Warehouse LLC
Cragwood Warehouse LLC
Intrafamily Transfer
related
—
Dec 11, 2017
—
Cragwood Investments LLC
—
Deed
related
$1,190,000 · Malvern Fsb
Apr 27, 2012
—
Friendwell Sunspring LLC
Exec Commercial Group LLC
Grant Deed
—
Apr 27, 2012
$2,929,923
50 Cragwood Plaza LLC
Friendwell Sunspring LLC
Grant Deed
$2,300,000 · Friendwell Sunspring LLC
—
—
50 Cragwood Plaza LLC
—
Deed Of Trust
related
$3,250,000 · China Trust Bank USA
—
—
Exec Xommercial Group LLC
—
Deed Of Trust
related
$8,400,000 · Column Fin'l
—
—
Cragwood Investments LLC
—
Deed Of Trust
related
$1,190,000 · Malvern Fsb
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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