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Property profile & analytics
FOR SALE
Commercial real estate
15-17 E Railroad Ave Middlesex, NJ 08846
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-0653058
For Sale
1 / 59
$3,750,000
15-17 E Railroad Ave, Middlesex, NJ 08846
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Property summary
AI-generated overview
This exceptional three-story, 10,000-square-foot commercial building at 15-17 E Railroad Avenue in Jamesburg, NJ (08831) presents a unique opportunity for lease. Situated in a Central Business District (CBD) zoning area, this brand-new construction offers a single-tenant occupancy with ample parking (40 spaces). The building features multiple exam rooms and expansive open areas, ideal for a variety of medical uses, including chiropractic, physical therapy, pain management, acupuncture, and other medical practices. The space is divisible to accommodate various tenant needs, ranging from 1,000 to 10,000 square feet. A full gym is included within the building's amenities. The property boasts a flexible lease term and is available for immediate occupancy. The APN is 0800028000000002. This is a prime location for businesses seeking a modern, well-equipped space in a thriving community. Inquire today to learn more about available space and lease options.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1880
Total area
2,904 SF
Lot
5.4 ac (235,224 SF)
APN
08 00028-0000-00002
UPID
US59-0653058
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
by Request
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$560k
Owner & transaction history
County Of Middlesex · 9 yrs held
County Of Middlesex
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$795,000
+18.3%
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 Middlesex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middlesex 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%
$420,000
6.5%
$385,000
7%
$360,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$670,000
Current use
OFFICE BUILDING
$795,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$193 / 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
$46,225
Tax year 2022
Assessed value
$702,300
Assessed 2023
Previous assessed
$702,300
+0.0% YoY
Effective rate
6.58%
On assessed value
Assessed land
$92,000
Assessed improvement
$610,300
Land market value
$92,000
Improvement market value
$610,300
Total market value
$702,300
Applied tax rate
8.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1880
Heating
NONE
Units
1
Total area
2,904 SF
Lot
5.4 ac (235,224 SF)
APN
08 00028-0000-00002
UPID
US59-0653058
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$795,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1880
Heating
NONE
Units
1
Lot
5.4 ac
Current owner
From public records · entity-resolved
County Of Middlesex
Entity
Mailing address
10 WOODLAND CIR, MANALAPAN, NJ 07726-3204
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2017
—
County Of Middlesex
Limitless Ents LLC
Grant Deed
related
—
Apr 27, 2016
$610,000
Limitless Ents LLC
Dreyling,andrea & Roger L
Grant Deed
related
—
Mar 3, 2016
$610,000
Limitless Ents LLC
Dreyling,andrea & Roger L
Grant Deed
—
—
—
Limitless Ents LLC
—
Deed Of Trust
related
$710,000 · Harmony Bk
—
—
Limitless Ents LLC
—
Deed Of Trust
related
$1,625,000 · First Platinum Cap
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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