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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Bars & Pubs
124 Church St New Brunswick, NJ 08901-2002
Entity Owned
14-yr Hold
Free & Clear
Property ID
US59-2959428
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Construction
BRICK
Total area
3,363 SF
Lot
0.06 ac (2,698 SF)
Zoning code
C-4
APN
13 00015-0000-00010
UPID
US59-2959428
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
-
The Court Tavern Music Venue Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$505k
Owner & transaction history
Louis Barrood INC · 14 yrs held
Louis Barrood INC
since 2012
2 recorded transactions
Zoning & alternative use
C-4 · New Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$650,000
+70.8%
Auto repair, garage
$575,000
+50.4%
Retail stores
$535,000
+40.9%
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 New Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brunswick 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$380,000
Current use
MEDICAL BUILDING
$650,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$535,000
Change: +41% · Conversion: Easy
OFFICE BUILDING
$490,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$375,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$150 / 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
$23,235
Tax year 2022
Assessed value
$933,500
Assessed 2023
Previous assessed
$933,500
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$272,700
Assessed improvement
$660,800
Land market value
$272,700
Improvement market value
$660,800
Total market value
$933,500
Applied tax rate
13.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
3,363 SF
Lot
0.06 ac (2,698 SF)
Zoning code
C-4
APN
13 00015-0000-00010
UPID
US59-2959428
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-4 · New Brunswick, NJ
Zoning C-4 · permitted uses
C-4 · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$380,000
MEDICAL BUILDING
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RETAIL STORES
Est. value
$535,000
OFFICE BUILDING
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$375,000
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Louis Barrood INC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 1995, NEW BRUNSWICK, NJ 08903-1995
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2012
$270,000
Louis Barrood INC
Sheriff Of Middlesex County
Trustees Deed
related
—
—
—
Coogan Associates
—
Deed Of Trust
related
$403,000 · Rosslare Fndg
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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