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Property profile & analytics
OFF-MARKET
Estimated value
$116,050,000
Warehouses
Rte 22 Bridgewater, NJ 08807
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2255628
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
8.2 ac (357,192 SF)
Zoning code
HEC
APN
06 00356-0000-00001
UPID
US59-2255628
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$116.05M
Owner & transaction history
Sreit Middlebrook LLC · 4 yrs held
Sreit Middlebrook LLC
since 2022
Last sale
$110.4M
3 recorded transactions
Zoning & alternative use
HEC · Bridgewater, 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 Bridgewater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgewater 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
$127,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$116.05M
Range $104.45M – $127.66M · ±10% · vs last sale $110.35M (May 16 2022)
Last sale anchor
$110.35M
May 16 2022
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
—
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
$227,092
Tax year 2022
Assessed value
$11,975,200
Assessed 2023
Previous assessed
$10,886,500
+10.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,640,100
Assessed improvement
$10,335,100
Land market value
$1,640,100
Improvement market value
$10,335,100
Total market value
$11,975,200
Applied tax rate
6.0000
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
Heating
NONE
Lot
8.2 ac (357,192 SF)
Zoning code
HEC
APN
06 00356-0000-00001
UPID
US59-2255628
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HEC · Bridgewater, NJ
Zoning HEC · permitted uses
HEC · Bridgewater, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgewater. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
8.2 ac
Current owner
From public records · entity-resolved
Sreit Middlebrook LLC
Entity
Mailing address
40 10TH AVE, NEW YORK, NY 10014-1115
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
$110,350,000
Sreit Middlebrook LLC
Terreno Middlebrook LLC
Deed
$69,700,000 · Metlife Real Estate Lending LLC
Oct 2, 2015
—
County Of Somerset
Terreno Middlebrook LLC
Grant Deed
—
—
—
Advance Of Middlebrook Crossroads
—
Deed Of Trust
related
$17,350,000 · Thrivent Financial For Luthera
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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