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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Commercial real estate
1501 Main St Rahway, NJ 07065-4027
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-3092132
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1944
Total area
5,000 SF
Lot
0.07 ac (3,001 SF)
APN
13 00320-0000-00012
UPID
US59-3092132
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
-
ADSWORKS Marketing & Advertising (Bike/Boat/Book/etc) Store
-
The Paseo Resort
-
Tribeca Pediatrics Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$925k
Owner & transaction history
1501 Rahway LLC · 2 yrs held
1501 Rahway LLC
since 2023
Last sale
$950,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+9.3%
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 Rahway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rahway 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
$880,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$945,000
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
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $950k (Aug 15 2023)
Last sale anchor
$950k
Aug 15 2023
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
$185 / 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
$15,382
Tax year 2022
Assessed value
$215,100
Assessed 2023
Previous assessed
$215,100
+0.0% YoY
Effective rate
7.15%
On assessed value
Assessed land
$24,900
Assessed improvement
$190,200
Land market value
$24,900
Improvement market value
$190,200
Total market value
$215,100
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1944
Heating
NONE
Stories
3
Total area
5,000 SF
Lot
0.07 ac (3,001 SF)
APN
13 00320-0000-00012
UPID
US59-3092132
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA 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
$930,000
OFFICE BUILDING
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$865,000
RESTAURANT
Est. value
$795,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
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
1944
Heating
NONE
Stories
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
1501 Rahway LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11 PARK PL STE #1200, NEW YORK, NY 10007-2823
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
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
$408,000 · Rsi Bk
Mar 5, 2007
$515,000
Rahway Dornoch II
Ba2 Ents LLC
Grant Deed
$541,900 · Rsi Bank
May 18, 2000
$140,000
Ba2 Enterprizes LLC
Kaye,stephen & Karen
Grant Deed
$110,000 · Individual
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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