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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
15 Main St Cranbury, NJ 08512-3203
Individually Owned
5-yr Hold
Free & Clear
Property ID
US59-0288471
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1847
Total area
2,388 SF
Lot
0.24 ac (10,280 SF)
Zoning code
V/HR
APN
02 00023-0000-00066
UPID
US59-0288471
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
-
Little Owl Enrichment Training Center Tutoring Service
-
Everest Consulting Associates Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$540k
Owner & transaction history
Panagiota Giannos Ftikas · 5 yrs held
Panagiota Giannos Ftikas
since 2021
Last sale
$430,000
3 recorded transactions
Zoning & alternative use
V/HR · Cranbury, 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 Cranbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cranbury 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
$555,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$655,000
Current use
COMMERCIAL (GENERAL)
$585,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $430k (Jul 6 2021)
Last sale anchor
$430k
Jul 6 2021
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
$226 / 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
$7,401
Tax year 2022
Assessed value
$415,300
Assessed 2023
Previous assessed
$415,300
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$207,100
Assessed improvement
$208,200
Land market value
$207,100
Improvement market value
$208,200
Total market value
$415,300
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1847
Heating
NONE
Stories
2
Units
1
Total area
2,388 SF
Lot
0.24 ac (10,280 SF)
Zoning code
V/HR
APN
02 00023-0000-00066
UPID
US59-0288471
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
V/HR · Cranbury, NJ
Zoning V/HR · permitted uses
V/HR · Cranbury, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cranbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$585,000
OFFICE BUILDING Current
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
Year built
1847
Heating
NONE
Stories
2
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Panagiota Giannos Ftikas
Individual
Free & Clear · 5 yrs held
Mailing address
4 WOODVIEW DR, CRANBURY, NJ 08512-2804
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2021
—
Panagiota Giannos Ftikas
Evangelos Giannos
Intrafamily Transfer
related
—
Dec 12, 2014
$430,000
Evangelos Giannos
Shenandoah Associates
Grant Deed
—
—
—
Shenandoah Associates
—
Deed Of Trust
related
$93,664 · Bank Of America California NA
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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