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    1501 Main St Rahway, NJ 07065-4027
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    Property profile & analytics

    1501 Main St, Rahway, NJ 07065-4027

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    • Commercial real estate
    • 5,000 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Aug 15, 2023
    $950,000
    Property ID
    US59-3092132
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    7.5%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • ADSWORKS / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • The Paseo / Resort
    • Tribeca Pediatrics / Pediatrician / Medical Clinic

    Property Details for 1501 Main St

    Year built
    1944
    Lot size
    0.07 lot acres
    Property type
    Commercial real estate
    APN
    13 00320-0000-00012
    APU
    1300320000000012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 15, 2023 $950,000 1501 Rahway LLC Applied Dynamic Solutions LLC Deed —
    Jul 6, 2016 $510,000 Applied Dynamic Solutions LLC Dornoch Rahway II V LP Grant Deed $408k · Rsi Bk
    Mar 5, 2007 $515,000 Rahway Dornoch II Ba2 Ents LLC Grant Deed $542k · Rsi Bank
    May 18, 2000 $140,000 Ba2 Enterprizes LLC Kaye,stephen & Karen Grant Deed $110k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $880,000
      ML approach
      $925,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,015,000
      7%
      $945,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $701,000
      Market price range: $519k - $1.41M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $930,000
      Current use
      OFFICE BUILDING
      $1,020,000
      Change: +9% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $865,000
      Change: -7% Conversion: Moderate
      RESTAURANT
      $795,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Rahway
    County
    Union
    State
    New Jersey
    Longitude
    -74.2737
    Latitude
    40.6067
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,382
    $24,900
    $190,200
    $215,100
    -
    $24,900
    $190,200
    $215,100
    More about this property
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