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Property profile & analytics
OFF-MARKET
Estimated value
$5,615,000
Industrial properties
6 Shirley Ave Somerset, NJ 08873-3421
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2611621
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
METAL FRAME
Total area
2,675 SF
Lot
2.06 ac (89,690 SF)
Zoning code
M2
APN
08 00090-0000-00005
UPID
US59-2611621
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
$5.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$5.62M
Owner & transaction history
Jack Lazerowitz · 5 yrs held
Jack Lazerowitz
since 2021
Last sale
$5.7M
6 recorded transactions
Zoning & alternative use
M2 · Somerset, 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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
$5,460,000
ML approach
$5,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±10% · vs last sale $5.66M (Apr 22 2021)
Last sale anchor
$5.66M
Apr 22 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
$2,099 / 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
$90,112
Tax year 2022
Assessed value
$4,400,000
Assessed 2023
Previous assessed
$4,400,000
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$618,000
Assessed improvement
$3,782,000
Land market value
$618,000
Improvement market value
$3,782,000
Total market value
$4,400,000
Applied tax rate
8.0000
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
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,675 SF
Lot
2.06 ac (89,690 SF)
Zoning code
M2
APN
08 00090-0000-00005
UPID
US59-2611621
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M2 · Somerset, NJ
Zoning M2 · permitted uses
M2 · Somerset, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerset. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Jack Lazerowitz
Individual
Mailing address
6 SHIRLEY AVE, SOMERSET, NJ 08873-3421
Mailing matches property
Yes
Owner-occupied
Yes
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
Dec 14, 2022
—
Cpf Somerset LLC
—
Deed
related
$2,348,000 · Trenton Business Assistance Corporation
Apr 22, 2021
$5,662,500
Jack Lazerowitz
6 Shirley Ent LLC
Bargain And Sale Deed
$2,317,776 · Poppy Bank
Apr 22, 2021
—
6 Shirley Ent LLC
6 Shirley Ent LLC
Intrafamily Transfer
related
$2,897,221 · Poppy Bank
Jun 22, 2015
$2,300,000
6 Shirley Ent LLC
Nj Mero Realty Co LLC
Deed
$2,194,000 · Td Bank NA
Sep 15, 2006
$1,750,000
Nj Mero Realty Co LLC
Molecu Wire Corp
Grant Deed
$1,550,000 · Service Computer Systems INC
—
—
Molecu-wire Corp
—
Deed Of Trust
related
$17,000 · Lipman Belznick & Witkowski PC
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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