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Property profile & analytics
FOR SALE
Industrial properties
8 Progress St Edison, NJ 08820
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0348874
For Sale
1 / 3
$17,000,000
8 Progress St, Edison, NJ 08820
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
4.06 ac (176,854 SF)
Zoning code
RI
APN
05 00412- 02-00012- 01
UPID
US59-0348874
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
-
Prime Automotive Auto Repair Shop Vehicle Inspection Center
-
Frank Millman Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Progress Street Holdings LLC · 6 yrs held
Progress Street Holdings LLC
since 2019
5 recorded transactions
Zoning & alternative use
RI · Edison, 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 Edison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edison 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$87,697
Tax year 2022
Assessed value
$1,537,200
Assessed 2023
Previous assessed
$1,537,200
+0.0% YoY
Effective rate
5.70%
On assessed value
Assessed land
$649,600
Assessed improvement
$887,600
Land market value
$649,600
Improvement market value
$887,600
Total market value
$1,537,200
Applied tax rate
5.0000
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
For Sale
Heating
NONE
Units
1
Lot
4.06 ac (176,854 SF)
Zoning code
RI
APN
05 00412- 02-00012- 01
UPID
US59-0348874
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
RI · Edison, NJ
Zoning RI · permitted uses
RI · Edison, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
Progress Street Holdings LLC
Entity
Mailing address
195 RARITAN CTR PKWY, EDISON, NJ 08837-3650
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
Progress Street Holdings LLC
—
Deed
related
$90,000,000 · White Oak Commercial Finance LLC
Nov 4, 2021
—
Progress Street Holdings LLC
—
Deed
related
$1,525,000 · First Commerce Bank
Mar 16, 2021
—
Progress Strett Holdings LLC
—
Deed
related
$1,478,429 · First Commerce Bank
Aug 19, 2019
$7,400,000
Progress Street Holdings LLC
Millman Realty Enterprises LLC
Deed
$5,550,000 · First Commerce Bank
—
—
Millman Realty Ents LLC
—
Deed Of Trust
related
$1,800,000 · Enterprise Nat'l Bk Nj
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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