Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1200 Grn St Iselin, NJ 08830-2014
    Back to Search
    Property profile & analytics

    1200 Grn St, Iselin, NJ 08830-2014

    View on Map
    • Office buildings
    • 4,657 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Sep 22, 2020
    $870,000
    Property ID
    US59-0937147
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • JFK Medical Associates / Occupational Health Services / Medical Clinic
    • Foot & Ankle Institute at One Oak Medical / Physician
    • One Oak Medical / Medical Clinic
    • Timothy James Henderson, MD / Physician
    • Dr. Marcel Stern, MD / Physician

    Property Details for 1200 Grn St

    Year built
    1986
    Lot size
    0.23 lot acres
    Zone code
    B-1
    Property type
    Office buildings
    APN
    25 00432- 14-00023
    APU
    25004321400023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 22, 2020 $870,000 1200 Green Street LLC Marcel Stern Deed $696k · Citizens Bank NA
    Dec 24, 2018 — Marcel Stem — Deed · related $250k · Magyar Bank
    Jun 6, 2017 — Marcel Stern — Deed · related $450k · Magyar Bk
    Nov 10, 2016 — Marcel Stern Stern,strul Quit Claim Deed · related —
    — — Marcel Stern — Deed Of Trust · related $450k · Magyar Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,085,000
      ML approach
      $1,070,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,265,000
      6.5%
      $1,170,000
      7%
      $1,085,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $913,000
      Market price range: $904k - $1.65M
      AI Estimate
      $694,000
      Market price range: $454k - $1.44M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,275,000
      Current use
      COMMERCIAL (GENERAL)
      $1,045,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Iselin
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3182
    Latitude
    40.5729
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $22,091
    $44,000
    $148,300
    $192,300
    -
    $44,000
    $148,300
    $192,300

    Comparable in this City

    • Value Estimation
      $535,000
      2,000 SF

      665 State Rte 27

      OFFICE BUILDING
      665 State Rte 27, Iselin, NJ 08830-1820
      View Details
    • Value Estimation by Request
      1,122 SF

      1005 Grn St

      OFFICE BUILDING
      1005 Grn St, Iselin, NJ 08830-2125
      View Details
    • Value Estimation by Request
      4.15 Acres

      485th Us Hwy 1st S

      OFFICE BUILDING
      485th Us Hwy 1st S, Iselin, NJ 08830-3012
      View Details
    • Value Estimation
      $5,105,000
      19,647 SF

      530 Grn St

      OFFICE BUILDING
      530 Grn St, Iselin, NJ 08830-2654
      View Details
    • Value Estimation by Request
      0.48 Acres

      838 Grn St

      OFFICE BUILDING
      838 Grn St, Iselin, NJ 08830-2994
      View Details
    • Value Estimation by Request
      0.17 Acres

      900 Grn St

      OFFICE BUILDING
      900 Grn St, Iselin, NJ 08830-2262
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,000 SF

      Iselin Office Building For Sale

      21,000 SF office building in Iselin, New Jersey.
      530 Green St, Iselin, NJ 08830
      View Details
    • Contact for pricing
      4,142 SF

      Iselin Office Unit For Sale

      211 sq ft office unit available for immediate occupancy.
      1 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      4,142 SF

      Iselin Office Unit For Sale

      Office unit for sale in Iselin, NJ with utilities included.
      1 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      3,052 SF

      Office Unit Near Major Highways

      Second-floor office unit with highway access and high visibility.
      2 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      4,142 SF

      Iselin Office Unit For Sale

      208 SF office unit available for immediate occupancy.
      1 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      1,000 SF

      First Floor Office Unit

      Office unit with high visibility and convenient parking.
      521 Green St, Iselin, NJ 08830
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,693 SF

      Class A Office Space Available

      Prestigious Class A office building near Metropark train station.
      101 S Wood Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      50,237 SF

      Class A Office Space Available

      Modern office building with amenities and convenient parking.
      194 S Wood Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      2,141 SF

      Nine-Story Office Building with Amenities

      255,000 square foot office building with parking and retail.
      111 S Wood Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing

      Metropark Office Space Available

      Coworking and private offices in a sought-after business address.
      33 Iselin Pkwy, Iselin, NJ 08830
      View Details
    • $51 SF/Yr
      400 SF

      Iselin Office Space for Lease

      Prime Iselin office, 400 sq ft, 24 parking spaces.
      838 Grn St, Woodbridge Township, NJ 08830
      View Details
    • Contact for pricing
      2,711 SF

      Office Space Near Metro Park

      Office space available in a coveted location near Metro Park.
      2100 Ronson Rd, Iselin, NJ 08830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 Grn St
    Iselin, NJ 08830-2014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1200 Grn St, Iselin, NJ, 08830
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!