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Property profile & analytics
FOR LEASE
Industrial properties

54 State Route 12 Flemington, NJ 08822

42,100 SF 5.94 ac lot
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1244692
54 State Route 12, Flemington, NJ 08822 For Lease
$12 SF/Yr
54 State Route 12, Flemington, NJ 08822
View Listing →
Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction FRAME
Total area 42,100 SF
Lot 5.94 ac (258,746 SF)
Zoning code TC
APN 09 00045-0000-00002
UPID US59-1244692
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
$7.27M
Comparable Approach Comparable
$5.54M
Blend (final) Blend
$6.41M
Owner & transaction history
Jaja Global LLC · 11 yrs held
Jaja Global LLC
since 2014
5 recorded transactions
2024
Price N/A
2018
Price N/A
2014
$2.1M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
TC · Flemington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

TRANSITION COMMERCIAL (TC) DISTRICT. [ Ord. No. 2012-01 ; Ord. No. 2012-10 ; Ord. No. 2014-6 ; amended 2-26-2018 by Ord. No. 2018-1 ; 5-26-2020 by Ord. No. 2020-7 ; 7-12-2021 by Ord. No. 2021-14 ; 4-11-2022 by Ord. No. 2022-3 ; 3-13-2023 by Ord. No. 2023-04 ; 9-11-2023 by Ord. No. 2023-23 ; amended 10-14-2025 by Ord. No. 2025-21 ] A. Purpose. The purpose of…

Zone name Transition Commercial
General category MIXED_USE
Zone area 77.21 ac
Top alternative use upside
Office building $8.0M +40.9%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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