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Property profile & analytics
OFF-MARKET
Estimated value
$13,350,000
Hotels
120 Wood S Ave Iselin, NJ 08830-2736
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1048840
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1984
Total area
279,884 SF
Lot
9.93 ac (432,333 SF)
Zoning code
OR
APN
25 00356-0000-00001- 011
UPID
US59-1048840
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
-
Starpoint Solutions Employment Agency
-
Cramer Rosenthal Mcglynn LLC Social Service Agency Charitable Organization
-
Center for Remote Medical Management Medical Clinic
-
Quick Freight Factors Bank Credit Union
-
Corporate Training Group (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.35M
Owner & transaction history
120 Wood Avenue So LLC · 10 yrs held
120 Wood Avenue So LLC
since 2015
4 recorded transactions
Zoning & alternative use
OR · Iselin, 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 Iselin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Iselin 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
$48 / 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
$611,564
Tax year 2022
Assessed value
$5,323,500
Assessed 2023
Previous assessed
$5,323,500
+0.0% YoY
Effective rate
11.49%
On assessed value
Assessed land
$1,986,000
Assessed improvement
$3,337,500
Land market value
$1,986,000
Improvement market value
$3,337,500
Total market value
$5,323,500
Applied tax rate
25.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1984
Heating
NONE
Units
1
Total area
279,884 SF
Lot
9.93 ac (432,333 SF)
Zoning code
OR
APN
25 00356-0000-00001- 011
UPID
US59-1048840
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OR · Iselin, NJ
Zoning OR · permitted uses
OR · Iselin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Iselin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Units
1
Lot
9.93 ac
Current owner
From public records · entity-resolved
120 Wood Avenue So LLC
Entity
Mailing address
2035 STATE RTE 27TH STE #2150, EDISON, NJ 08817-3351
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2018
—
120 Wood Avenue So LLC
—
Grant Deed
related
$26,500,000 · Provident Bk
Jul 21, 2015
$16,500,000
120 Wood Avenue So LLC
Wbcmt 2006-c24 Wood Avenue LLC
Grant Deed
$18,000,000 · Friendwell Sunspring LLC
Oct 22, 2013
—
2006-c24 Wood Avenue LLC
Metroplaza Hotel LLC
Deed In Lieu Of Foreclosure
related
—
—
—
120 Wood Avenue So LLC
—
Deed Of Trust
related
$25,000,000 · Ctbc Bk Co
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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