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Property profile & analytics
OFF-MARKET
Warehouses
502 Jersey Ave New Brunswick, NJ 08901-3585
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US59-2172009
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Construction
BRICK
Lot
9.04 ac (393,782 SF)
Zoning code
I-2
APN
13 00242-0000-00016- 03
UPID
US59-2172009
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
-
Safety & Supplies Co Inc Building Supply General Contractor
-
US Mobile Phones Big Box & Wholesale Store
-
Fetch Pet Care Kennel & Boarding Facility
-
NJ Transit County Yards Train Yard
-
Venezia Surfaces Quartz, Quartzite, Granite Building Supply Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
502 Jersey Realty LLC · 7 yrs held
502 Jersey Realty LLC
since 2019
4 recorded transactions
Zoning & alternative use
I-2 · New Brunswick, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$300,099
Tax year 2022
Assessed value
$12,057,000
Assessed 2023
Previous assessed
$12,057,000
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$1,354,000
Assessed improvement
$10,703,000
Land market value
$1,354,000
Improvement market value
$10,703,000
Total market value
$12,057,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
9.04 ac (393,782 SF)
Zoning code
I-2
APN
13 00242-0000-00016- 03
UPID
US59-2172009
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2 · New Brunswick, NJ
Zoning I-2 · permitted uses
I-2 · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brunswick. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
9.04 ac
Current owner
From public records · entity-resolved
502 Jersey Realty LLC
Entity
Mailing address
502 JERSEY AVE, NEW BRUNSWICK, NJ 08901-3585
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 13, 2019
—
502 Jersey Realty LLC
—
Loan Modification
related
$11,600,000 · Israel Discount Bk/ny
Mar 14, 2019
$14,500,000
502 Jersey Realty LLC
502 Jersey Avenue LLC
Trustees Deed
$8,898,887 · Israel Discount Bk/ny
Mar 14, 2019
—
502 Jersey Avenue LLC
502 Jersey Avenue LLC
Correction Deed
related
—
Jan 25, 2013
$4,600,000
502 Jersey Avenue LLC
475 Jersey Avenue Associates
Grant Deed
$2,300,000 · Magyar Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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