Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Industrial properties
571 Water Works Rd Old Bridge, NJ 08857
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2037687
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
TYPE NOT SPECIFIED
Total area
7,801 SF
Lot
5.47 ac (238,273 SF)
Zoning code
SD3
APN
15 06017- 11-00009
UPID
US59-2037687
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
$8.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Hollingshead Materials LLC · 2 yrs held
Hollingshead Materials LLC
since 2024
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
SD3 · Old Bridge, 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 Old Bridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Bridge 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
$8,000,000
ML approach
$8,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $8.00M (Jan 9 2024)
Last sale anchor
$8.00M
Jan 9 2024
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
$1,026 / 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
$29,054
Tax year 2022
Assessed value
$525,300
Assessed 2023
Previous assessed
$525,300
+0.0% YoY
Effective rate
5.53%
On assessed value
Assessed land
$340,400
Assessed improvement
$184,900
Land market value
$340,400
Improvement market value
$184,900
Total market value
$525,300
Applied tax rate
15.0000
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
Construction
TYPE NOT SPECIFIED
Heating
NONE
Total area
7,801 SF
Lot
5.47 ac (238,273 SF)
Zoning code
SD3
APN
15 06017- 11-00009
UPID
US59-2037687
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
SD3 · Old Bridge, NJ
Zoning SD3 · permitted uses
SD3 · Old Bridge, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Old Bridge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
TYPE NOT SPECIFIED
Heating
NONE
Lot
5.47 ac
Current owner
From public records · entity-resolved
Hollingshead Materials LLC
Entity
Mailing address
1000 HOLLINGSHEAD CIR, MURFREESBORO, TN 37129-4036
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
$8,000,000
Hollingshead Materials LLC
2g Waterworks LLC
Deed
—
Aug 7, 2023
—
2g Waterworks LLC
—
Deed
related
$4,850,000 · Manasquan Bank
Apr 7, 2022
—
2g Waterworks LLC
Two Girls Waterworks Road LLC
Bargain And Sale Deed
—
Jul 6, 2021
—
Township Of Old Bridge
Two Girls Waterworks Road LLC
Deed
—
Mar 15, 2017
$1,350,000
Two Girls Waterworks Road LLC
Manzo Old Bridge Props LLC
Grant Deed
—
Mar 15, 2017
—
Waterworks Road LLC
—
Deed
related
$1,200,000 · Manzo Old Bridge Prop LLC
Sep 21, 2016
—
Manzo Old Bridge Properties Ll
United New Jersey Railroad
Grant Deed
related
—
Mar 2, 2004
$1
Manzo Old Bridge Properties Ll
Manzo Holdings LLC
Grant Deed
related
—
—
—
Waterworks Road LLC
—
Deed Of Trust
related
$1,200,000 · Manzo Old Bridge Prop LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 571 Water Works Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
