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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Office buildings
1090 Stelton Rd Piscataway, NJ 08854-5201
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US59-2602533
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1914
Construction
STONE
Total area
7,296 SF
Lot
0.53 ac (23,100 SF)
Zoning code
BPI
APN
17 08203-0000-00068- 03
UPID
US59-2602533
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
-
Farmers Insurance - Samir Patel Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.62M
Owner & transaction history
1086 1090 Stelton LLC · 7 yrs held
1086 1090 Stelton LLC
since 2019
5 recorded transactions
Zoning & alternative use
BPI · Piscataway, 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 Piscataway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piscataway 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%
$1,985,000
6.5%
$1,830,000
7%
$1,700,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,995,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,800,000
Change: -10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,650,000
Change: -17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,635,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$221 / 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
$28,967
Tax year 2023
Assessed value
$1,386,000
Assessed 2024
Previous assessed
$1,386,000
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$540,000
Assessed improvement
$846,000
Land market value
$540,000
Improvement market value
$846,000
Total market value
$1,386,000
Applied tax rate
17.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1914
Construction
STONE
Heating
NONE
Stories
2
Total area
7,296 SF
Lot
0.53 ac (23,100 SF)
Zoning code
BPI
APN
17 08203-0000-00068- 03
UPID
US59-2602533
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BPI · Piscataway, NJ
Zoning BPI · permitted uses
BPI · Piscataway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Piscataway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1914
Construction
STONE
Heating
NONE
Stories
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
1086 1090 Stelton LLC
Entity
Mailing address
1094 STELTON RD, PISCATAWAY, NJ 08854-5201
Mailing matches property
Yes
Owner-occupied
Yes
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
Jan 2, 2019
$1,490,000
1086 1090 Stelton LLC
Mgs Real Estate LLC
Deed
$1,192,000 · Affinity FCU
Aug 16, 2013
$1,400,000
Mgs Real Estate LLC
Belle Properties LLC
Grant Deed
—
Apr 5, 2010
—
Belle Properties LLC
—
Trustees Deed
related
$70,000 · First Constitution Bank
Mar 24, 2004
$1,050,000
Belle Properties LLC
Echo Lake Properties LLC
Grant Deed
—
—
—
Mgs Real Estate LLC
—
Deed Of Trust
related
$900,000 · Peapack Gladstone Bank
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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