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Property profile & analytics
OFF-MARKET
Estimated value
$3,195,000
Industrial properties
55 Lk Dr East Windsor, NJ 08520-5320
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-0260633
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Total area
28,080 SF
Lot
2.48 ac (108,203 SF)
Zoning code
PUD
APN
01 00020-0000-00192
UPID
US59-0260633
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
-
Biofarma US, LLC Corporate Office
-
Chr. Hansen Inc. - New Jersey Corporate Office
-
Advent Pharmaceuticals Ltd Factory Production Facility
-
Windsor Labs Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$3.20M
Owner & transaction history
Chr Hansen INC · 4 yrs held
Chr Hansen INC
since 2021
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
PUD · East Windsor, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.2M
+6.6%
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 East Windsor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Windsor 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
$3,480,000
ML approach
$3,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,980,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,180,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.20M
Range $2.88M – $3.51M · ±10% · vs last sale $3.10M (Sep 10 2021)
Last sale anchor
$3.10M
Sep 10 2021
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
$114 / 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
$49,605
Tax year 2022
Assessed value
$1,500,000
Assessed 2023
Previous assessed
$1,500,000
+0.0% YoY
Effective rate
3.31%
On assessed value
Assessed land
$494,000
Assessed improvement
$1,006,000
Land market value
$494,000
Improvement market value
$1,006,000
Total market value
$1,500,000
Applied tax rate
1.0000
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
1974
Heating
NONE
Units
1
Total area
28,080 SF
Lot
2.48 ac (108,203 SF)
Zoning code
PUD
APN
01 00020-0000-00192
UPID
US59-0260633
Jurisdiction
MERCER
Zoning & alternative use
PUD · East Windsor, NJ
Zoning PUD · permitted uses
PUD · East Windsor, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Windsor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1974
Heating
NONE
Units
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Chr Hansen INC
Entity
Free & Clear · 4 yrs held
Mailing address
9015 W MAPLE ST, MILWAUKEE, WI 53214-4213
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2021
$3,100,000
Chr Hansen INC
Erre E LLC
Deed
—
Aug 15, 2017
$2,087,477
Erre E LLC
3 Dm Real Estate LLC
Grant Deed
—
Apr 19, 2013
$457,500
3dm Real Estate LLC
Advent Pharmaceuticals INC
Quit Claim Deed
—
Oct 2, 1992
$605,000
Neil Laboratories INC
Unknown
Grant Deed
—
—
—
Neil Laboratories INC
—
Deed Of Trust
related
$500,000 · Walder Hayden & Brogan Pa
—
—
Thersgen INC
—
Deed Of Trust
related
$500,000 · Mukesh Desai
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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