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Property profile & analytics
FOR LEASE
Medical Office Space
127 Livingston Ave, New Brunswick, NJ 08901-2475
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1820573
For Lease
1 / 13
$2,000/Mo
127 Livingston Ave, New Brunswick, NJ 08901-2475
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1950
Construction
FRAME
Total area
3,392 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C-3A
APN
13 00168-0000-00001
UPID
US59-1820573
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
-
Law Office of Charly Gayden, Esquire Law Firm
-
Brunswick Dental Care Dental Office
-
Dr. Vaibhavi Shah, DDS Dental Office
-
Dr. Sarwat Azhar, MD Pediatrician Medical Clinic
-
FS Staffing LLC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$735k
Owner & transaction history
Rish127 Properties LLC · 2 yrs held
Rish127 Properties LLC
since 2024
2 recorded transactions
Zoning & alternative use
C-3A · New Brunswick, 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$655,000
Current use
AUTO REPAIR, GARAGE
$580,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$540,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$217 / 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
$24,644
Tax year 2022
Assessed value
$990,100
Assessed 2023
Previous assessed
$990,100
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$262,500
Assessed improvement
$727,600
Land market value
$262,500
Improvement market value
$727,600
Total market value
$990,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1950
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
3,392 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C-3A
APN
13 00168-0000-00001
UPID
US59-1820573
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-3A · New Brunswick, NJ
Zoning C-3A · permitted uses
C-3A · 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
MEDICAL BUILDING Current
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$580,000
RETAIL STORES
Est. value
$540,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1950
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Rish127 Properties LLC
Entity
Mailing address
656 PT AVE, BRICK, NJ 08724-4850
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jun 13, 2024
$999,000
Rish127 Properties LLC
William T Mcelarney
Deed
$699,000 · New Millennium Bank
Jun 13, 2024
—
Rish 127 Properties LLC
—
Deed
related
$699,000 · New Millennium 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.
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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