Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6 Nicholas Ave Monroe Township, NJ 08831-4451

    • Industrial properties
    • 8.82 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1685998
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 6 Nicholas Ave

    Lot size
    8.82 lot acres
    Zone code
    I-3
    Property type
    Industrial properties
    APN
    21 00017-0000-00001- 04
    APU
    210001700000000104

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroe Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4736
    Latitude
    40.3691
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $125,714
    $0.00
    $0.00
    $2,487,900
    -
    $705,600
    $1,897,500
    $2,603,100

    Comparable in this City

    • Value Estimation by Request
      49.12 Acres

      354 Deans Rhode Hall Rd, Unit 380

      INDUSTRIAL (GENERAL) • 49.12 Acres
      354 Deans Rhode Hall Rd, Monroe Township, NJ 08831-3004
      View Details
    • Value Estimation
      $575,000
      34.64 Acres

      201 Middlesex Ctr Blvd

      INDUSTRIAL (GENERAL) • 34.64 Acres
      201 Middlesex Ctr Blvd, Monroe Township, NJ 08831-3043
      View Details
    • Value Estimation by Request
      44.80 Acres

      101 Middlesex Ctr Blvd

      INDUSTRIAL (GENERAL) • 44.80 Acres
      101 Middlesex Ctr Blvd, Monroe Township, NJ 08831-3035
      View Details
    • Value Estimation
      $1,060,000
      86,010 SF

      332 Applegarth Rd

      INDUSTRIAL (GENERAL) • 86,010 SF
      332 Applegarth Rd, Monroe Township, NJ 08831-3738
      View Details
    • Value Estimation by Request
      42.08 Acres

      100 Rdg Rd

      INDUSTRIAL (GENERAL) • 42.08 Acres
      100 Rdg Rd, Monroe Township, NJ 08831-3001
      View Details
    • Value Estimation
      $4,205,000
      27,772 SF

      22 Abeel Rd

      INDUSTRIAL (GENERAL) • 27,772 SF
      22 Abeel Rd, Monroe Township, NJ 08831-2036
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      Crane Served Industrial Facility

      25,000 SF crane served building with additional shop/office buildings.
      1920 12Th St, Williamstown, NJ 08831
      View Details
    • $1,290,000
      86,000 SF

      Monroe Township Warehouse For Sale

      86,000 SF warehouse with heavy power and ample parking.
      332 Applegarth Rd, Monroe Township, NJ 08831
      View Details
    • $5,500,000
      33,192 SF

      Move-In Ready Office and Flex Space

      Upgraded office and flex suites available for lease.
      1 Rossmoor Dr, Monroe, NJ 08831
      View Details
    • $647,000

      Versatile Commercial Property in Jamesburg

      Commercial property with garage, half bath, and open lot.
      33 Bordentown Trl, Jamesburg, NJ 08831
      View Details
    • Contact for pricing
      28,000 SF

      New Mini-Warehouse Space Available

      Under construction mini-warehouse space for sale, delivery December 2025.
      7 Un Hl Rd, Monroe, NJ 08831
      View Details
    • Contact for pricing
      28,000 SF

      New Mini-Warehouse Space Available

      28,000 SF mini-warehouse space for sale, delivery December 2025.
      7 Un Hl Rd, Monroe, NJ 08831
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      New Mini-Warehouse Space Available

      Under construction mini-warehouse space for rent, delivery December 2025.
      7 Un Hl Rd, Monroe, NJ 08831
      View Details
    • Contact for pricing
      165,458 SF

      Industrial Space Near NJ Turnpike

      Available industrial space with convenient access to major highways.
      17 S Middlesex Ave, Monroe Township, NJ 08831
      View Details
    • Contact for pricing
      400,000 SF

      Industrial Warehouse Space For Lease

      400,000 square foot logistics facility near NJ Turnpike.
      201 Middlesex Center Blvd, Monroe Township, NJ 08831
      View Details
    • Contact for pricing
      102,000 SF

      Monroe Township Warehouse Space

      102,000 square foot warehouse space available for lease.
      6 Fitzgerald Ave, Monroe Township, NJ 08831
      View Details
    • Contact for pricing
      100,000 SF

      Monroe Township Warehouse Space

      100000 square foot warehouse space in Monroe Township, NJ.
      20 Abeel Rd, Monroe Township, NJ 08831
      View Details
    • $0.04 SF/Yr
      6,202 SF

      Prime Highway 33 Office Space

      Executive Suites, Ample Parking, Two Units
      977 State Rte 33 Hwy, Monroe Township, NJ 08831
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6 Nicholas Ave
    Monroe Township, NJ 08831-4451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.