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Property profile & analytics
OFF-MARKET
Estimated value
$32,000,000
Industrial properties
700 Blair Rd, Carteret, NJ 07008-1221
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2645781
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Total area
231,654 SF
Lot
10.94 ac (476,546 SF)
Zoning code
LI
APN
01 02801-0000-00001- 01
UPID
US59-2645781
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
$32.00M
CAP Approach
CAP
$40.00M
Comparable Approach
Comparable
$30.43M
Blend (final)
Blend
$32.00M
Owner & transaction history
Ta Hampshire Fairfalls Jv LLC · 1 yrs held
Ta Hampshire Fairfalls Jv LLC
since 2024
Last sale
$32.0M
7 recorded transactions
Zoning & alternative use
LI · Carteret, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$51.9M
+0.7%
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 Carteret submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carteret 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
$32,000,000
ML approach
$32,000,000
CAP Approach
CAP Return
Estimation
6%
$43,335,000
6.5%
$40,000,000
7%
$37,145,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$51,575,000
Current use
COMMERCIAL (GENERAL)
$51,935,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$32.00M
Range $28.80M – $35.20M · ±10% · vs last sale $32.00M (Sep 3 2024)
Last sale anchor
$32.00M
Sep 3 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
$138 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$433,657
Tax year 2023
Assessed value
$13,331,000
Assessed 2024
Previous assessed
$13,331,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$3,282,000
Assessed improvement
$10,049,000
Land market value
$3,282,000
Improvement market value
$10,049,000
Total market value
$13,331,000
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
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
1975
Heating
NONE
Total area
231,654 SF
Lot
10.94 ac (476,546 SF)
Zoning code
LI
APN
01 02801-0000-00001- 01
UPID
US59-2645781
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Carteret, NJ
Zoning LI · permitted uses
LI · Carteret, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carteret. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$51.6M
COMMERCIAL (GENERAL)
Est. value
$51.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1975
Heating
NONE
Lot
10.94 ac
Current owner
From public records · entity-resolved
Ta Hampshire Fairfalls Jv LLC
Entity
Mailing address
1 FEDERAL ST FL, BOSTON, MA 02110-2013
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
—
Ta Federal Urban Renewal LLC
—
Deed
related
—
Sep 25, 2024
—
Ta Federal Urbanrenewal LLC
—
Deed
related
$51,000,000 · State Farm Mutual Automobile Insurance C
Sep 3, 2024
$32,000,000
Ta Hampshire Fairfalls Jv LLC
Colfin 2019 4 Industrial Owner LLC
Deed
—
Sep 3, 2024
—
Ta Hampshire Fairfalls Jv LLC
Colfin 2019 4 Industrial Owner LLC
Quit Claim Deed
related
—
Feb 23, 2021
—
200 Federal 2019 Urban Renewal LLC
200 Federal 2019 Urban Renewal LLC
Intrafamily Transfer
related
$12,161,951 · Tristate Capital Bank
Jun 19, 2019
$19,500,000
Colfin 2019-4 Indl Owner LLC
700 Blair Road Huh LLC
Grant Deed
$100,000,000 · Miscellaneous Ins Co
Sep 4, 2013
$13,500,000
700 Blair Road Huh LLC
Gp 700 Blair Road LLC
Grant Deed
related
—
May 6, 2011
$7,300,000
Gp 700 Blair Road LLC
Basf Corp
Grant Deed
—
Mar 16, 2011
—
Basf Corp
Basf Catalysts LLC
Quit Claim Deed
—
Feb 22, 2006
$10
Engelhard Corp
Engelhard Clal
Grant Deed
related
—
—
—
Blair Road Huh LLC
—
Deed Of Trust
related
$5,400,000 · Nationwide Life Insurance Co
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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