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Property profile & analytics
OFF-MARKET Estimated value $645,000
Commercial real estate

123 Main St South River, NJ 08882-1231

3,039 SF 0.15 ac lot Built 1915
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-1164263
Property summary
AI-generated overview

This exceptional commercial property, located at 123 Main Street in South River, presents a unique investment opportunity. The property encompasses a 4,000 square foot building situated on a 3,500 square foot lot, zoned for office use. The building is a two-story structure with a single tenant occupancy. The existing space is ideally suited for medical or professional office use, featuring approximately 1,200 square feet of well-designed office space. This includes a dedicated reception/waiting area, four individual offices, and a convenient bathroom. The property boasts ample parking with three spaces available for tenants and visitors. The property's location on Main Street ensures high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving community. The APN is 23001470000000401. This is a single-tenant building with no additional suites. The property type is classified as Land and Office, with a commercial and executive office subtype. This presents a rare opportunity to acquire a well-maintained and strategically located commercial property in a desirable area. The building's existing layout and features offer immediate occupancy potential, minimizing upfront investment and maximizing return.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1915
Total area 3,039 SF
Lot 0.15 ac (6,520 SF)
APN 23 00147-0000-00039
UPID US59-1164263
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
  • South River Medical Associates Medical Clinic
  • Dr. Sigmund L. Kulessa Jr, DO Pediatrician Physician
  • Central Jersey Respiratory Cr Medical Clinic
  • Dr. Alexandra C. Caracitas, DO Physician
  • Girgis Family Medicine - Dr Linda Girgis Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
$405k
Comparable Approach Comparable
$655k
Blend (final) Blend
$645k
Owner & transaction history
Girgis Real Estate LLC · 3 yrs held
Girgis Real Estate LLC
since 2023
Last sale
$600,000
3 recorded transactions
2023
$600,000
2011
$665,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $830,000 +57.0%
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