New search
Property profile & analytics
FOR SALE
Industrial properties
940 State St, Perth Amboy, NJ 08861
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-0116822
For Sale
1 / 2
$6,500,000
940 State St, Perth Amboy, NJ 08861
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
FRAME
Total area
8,156 SF
Lot
3.58 ac (155,945 SF)
Zoning code
S-3A
APN
16 00427-0000-00005
UPID
US59-0116822
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
-
Budget Truck Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.02M
Owner & transaction history
Wang & Xu LLC · 11 yrs held
Wang & Xu LLC
since 2014
7 recorded transactions
Zoning & alternative use
S-3A · Perth Amboy, 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 Perth Amboy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perth Amboy 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,525,000
6.5%
$1,410,000
7%
$1,310,000
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10%
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
$124 / 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
$70,719
Tax year 2022
Assessed value
$2,377,100
Assessed 2023
Previous assessed
$2,377,100
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$1,151,200
Assessed improvement
$1,225,900
Land market value
$1,151,200
Improvement market value
$1,225,900
Total market value
$2,377,100
Applied tax rate
16.0000
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
Construction
FRAME
Heating
NONE
Stories
1
Total area
8,156 SF
Lot
3.58 ac (155,945 SF)
Zoning code
S-3A
APN
16 00427-0000-00005
UPID
US59-0116822
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
S-3A · Perth Amboy, NJ
Zoning S-3A · permitted uses
S-3A · Perth Amboy, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perth Amboy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
Wang & Xu LLC
Entity
Mailing address
747 EVERGREEN AVE, BROOKLYN, NY 11207-1117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
—
Wang & Xu LLC
—
Deed
related
$4,000,000 · Golden Bridge R2 LLC
Nov 8, 2021
—
Wans & Xu LLC
—
Deed
related
$4,000,000 · Golden Bridge LLC
Sep 25, 2018
—
Wang & Xu LLC
—
Deed
related
$1,850,000 · Mp Management LLC
Oct 21, 2014
$2,525,000
Wang & Xu LLC
940 State Street LLC
Grant Deed
$1,050,000 · 940 State Street LLC
Jan 11, 2006
—
940 State Street LLC
Schreck,james
Grant Deed
related
—
Sep 9, 2004
$12,100
City Of Perth Amboy
Raritan Properties INC
Grant Deed
—
Aug 3, 2004
$1,425,000
Schreck,james
Raritan Properties INC
Grant Deed
—
—
—
Wang & Xu LLC
—
Deed Of Trust
related
$1,850,000 · Mp Management 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?”
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.
