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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Medical Office Space
16 Harvey St, New Brunswick, NJ 08901-1916
Entity Owned
Free & Clear
Property ID
US59-0967292
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1900
Construction
FRAME
Total area
4,500 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R-5A
APN
13 00030-0000-00030- 01
UPID
US59-0967292
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
-
Iglesia Universal Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.04M
Owner & transaction history
Harvey Street Hold LLC
Harvey Street Hold LLC
since 2025
7 recorded transactions
Zoning & alternative use
R-5A · New Brunswick, 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 New Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brunswick 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%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$870,000
Current use
AUTO REPAIR, GARAGE
$765,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$720,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$230 / 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
$17,341
Tax year 2022
Assessed value
$696,700
Assessed 2023
Previous assessed
$696,700
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$350,000
Assessed improvement
$346,700
Land market value
$350,000
Improvement market value
$346,700
Total market value
$696,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
4,500 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R-5A
APN
13 00030-0000-00030- 01
UPID
US59-0967292
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-5A · New Brunswick, NJ
Zoning R-5A · permitted uses
R-5A · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$765,000
RETAIL STORES
Est. value
$720,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1900
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Harvey Street Hold LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 635, BELLE MEAD, NJ 08502-0635
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
$900,000
Harvey Street Hold LLC
Tap Properties LLC
Deed
—
Jan 7, 2020
—
Tap Properties LLC
—
Deed
related
$300,000 · Magyar Bk
May 29, 2018
—
Tap Properties LLC
—
Deed
related
$402,000 · Magyar Bank
Dec 24, 2012
—
Tap Properties LLC
Tap Properties LLC
Quit Claim Deed
related
$100,000 · Magyar Savings Bank
Mar 1, 2007
—
Tap Properties LLC
Pappalardo,thomas A
Grant Deed
related
—
—
—
Tap Properties LLC
—
Loan Modification
related
$300,000 · Magyar Bk
—
—
Tap Properties LLC
—
Deed Of Trust
related
$250,000 · Magyar Bk
—
—
Tap Properties LLC
—
Deed Of Trust
related
$90,000 · Magyar Savings Bank
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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