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Property profile & analytics
OFF-MARKET
Commercial real estate
1585 Oak Tree Rd 1595 Iselin, NJ 08830-1555
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1516727
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Lot
1.32 ac (57,600 SF)
Zoning code
B-3
APN
25 00435- 01-00003
UPID
US59-1516727
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
-
Passport Photo (Bike/Boat/Book/etc) Store
-
Chatkaz Restaurant
-
Sumitra Remedies Department Store
-
The Vedic Store (Bike/Boat/Book/etc) Store Pharmacy
-
Ami Video Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Soni Realty New Jersey LLC · 2 yrs held
Soni Realty New Jersey LLC
since 2023
4 recorded transactions
Zoning & alternative use
B-3 · Iselin, 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 Iselin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Iselin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$122,910
Tax year 2022
Assessed value
$1,066,000
Assessed 2023
Previous assessed
$1,066,000
+0.0% YoY
Effective rate
11.53%
On assessed value
Assessed land
$261,600
Assessed improvement
$804,400
Land market value
$261,600
Improvement market value
$804,400
Total market value
$1,066,000
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
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
1956
Heating
NONE
Units
1
Lot
1.32 ac (57,600 SF)
Zoning code
B-3
APN
25 00435- 01-00003
UPID
US59-1516727
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Iselin, NJ
Zoning B-3 · permitted uses
B-3 · Iselin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Iselin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Units
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Soni Realty New Jersey LLC
Entity
Mailing address
1979 MARCUS AVE STE #210, NEW HYDE PARK, NY 11042-1022
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
Dec 6, 2023
—
Soni Realty New Jersey LLC
Neil Soni
Intrafamily Transfer
related
$4,000,000 · Habib American Bank
Jun 1, 2006
$1
Soni Realty Co
Soni Realty
Grant Deed
related
—
—
—
Soni Realty Co
—
Deed Of Trust
related
$6,025,000 · General Elec Com'l Fin Busn Pr
—
—
Soni Realty Co
—
Deed Of Trust
related
$500,000 · Habib American 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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