Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Warehouses
999 Jersey Ave New Brunswick, NJ 08901-3609
Entity Owned
21-yr Hold
Free & Clear
Property ID
US59-3088640
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
2,542 SF
Lot
3.2 ac (139,392 SF)
Zoning code
I-2E
APN
13 00597-0000-00003
UPID
US59-3088640
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
-
Aquasports General Contractor
-
Seasonmaster Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
99 Jersey Avenue Associates Ll · 21 yrs held
99 Jersey Avenue Associates Ll
since 2004
2 recorded transactions
Zoning & alternative use
I-2E · New Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$490,000
+386.3%
Auto repair, garage
$435,000
+328.4%
Retail stores
$405,000
+301.3%
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 New Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brunswick 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
$620,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$490,000
Change: +386% · Conversion: Difficult
AUTO REPAIR, GARAGE
$435,000
Change: +328% · Conversion: Easy
RETAIL STORES
$405,000
Change: +301% · Conversion: Moderate
OFFICE BUILDING
$370,000
Change: +267% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$226 / 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
$130,418
Tax year 2023
Assessed value
$5,128,500
Assessed 2024
Previous assessed
$5,128,500
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$680,000
Assessed improvement
$4,448,500
Land market value
$680,000
Improvement market value
$4,448,500
Total market value
$5,128,500
Applied tax rate
13.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Units
1
Total area
2,542 SF
Lot
3.2 ac (139,392 SF)
Zoning code
I-2E
APN
13 00597-0000-00003
UPID
US59-3088640
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2E · New Brunswick, NJ
Zoning I-2E · permitted uses
I-2E · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$435,000
RETAIL STORES
Est. value
$405,000
OFFICE BUILDING
Est. value
$370,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1965
Heating
NONE
Stories
1
Units
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
99 Jersey Avenue Associates Ll
Entity
Free & Clear · 21 yrs held
Mailing address
999 JERSEY AVE, NEW BRUNSWICK, NJ 08901-3609
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2004
$1
99 Jersey Avenue Associates Ll
Aymes,doniel
Grant Deed
related
—
Jun 12, 2004
$1,500,000
Hemispherx Biopharma INC
Interferon Sciences INC
Grant Deed
—
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?”
You own 999 Jersey Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
