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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Residential income homes
1299 Saint Georges Ave, Colonia, NJ 07067-3918
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1200315
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1910
Total area
8,128 SF
Lot
0.37 ac (16,320 SF)
Zoning code
B-3
APN
25 00414-0000-00027- 03
UPID
US59-1200315
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.36M
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.97M
Owner & transaction history
Wainco South Orange LLC · 6 yrs held
Wainco South Orange LLC
since 2020
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
B-3 · Colonia, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+11.0%
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 Colonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colonia 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
$2,225,000
ML approach
$2,355,000
CAP Approach
CAP Return
Estimation
6%
$2,265,000
6.5%
$2,095,000
7%
$1,945,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,005,000
Current use
OFFICE BUILDING
$2,225,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,820,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,810,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±10% · vs last sale $1.78M (May 19 2020)
Last sale anchor
$1.78M
May 19 2020
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
$242 / 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
$29,960
Tax year 2022
Assessed value
$262,300
Assessed 2023
Previous assessed
$262,300
+0.0% YoY
Effective rate
11.42%
On assessed value
Assessed land
$56,400
Assessed improvement
$205,900
Land market value
$56,400
Improvement market value
$205,900
Total market value
$262,300
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
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1910
Heating
NONE
Units
1
Total area
8,128 SF
Lot
0.37 ac (16,320 SF)
Zoning code
B-3
APN
25 00414-0000-00027- 03
UPID
US59-1200315
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Colonia, NJ
Zoning B-3 · permitted uses
B-3 · Colonia, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (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
Year built
1910
Heating
NONE
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Wainco South Orange LLC
Entity
Mailing address
75 S ORANGE AVE STE #218, SOUTH ORANGE, NJ 07079-1874
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2020
$1,783,333
Wainco South Orange LLC
1299 St George LLC
Deed
—
Jun 5, 2014
—
1299 St George LLC
—
Trustees Deed
related
$1,000,000 · Columbia Bk
May 28, 2014
—
1299 St George LLC
Hbr LLC
Quit Claim Deed
related
—
Aug 16, 2013
$250,000
Hbr LLC
Cerami,joseph
Grant Deed
—
Apr 23, 2012
$100,000
Joseph Cerami
Tanzola,john & Katherine
Grant Deed
—
—
—
1299 St George LLC
—
Deed Of Trust
related
$1,500,000 · Columbia Bk
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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