New search
Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Turn key restaurants
16 Patrick St, East Brunswick, NJ 08816-2431
Entity Owned
13-yr Hold
Free & Clear
Property ID
US59-2180351
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Total area
7,200 SF
Lot
20.05 ac (873,378 SF)
Zoning code
RP3
APN
04 00309- 04-00016- 15
UPID
US59-2180351
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
-
The Estate at Farrington Lake Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$660k
Owner & transaction history
Farrington Manor INC · 13 yrs held
Farrington Manor INC
since 2012
7 recorded transactions
Zoning & alternative use
RP3 · East Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+31.0%
Apartment house (5+ units)
$895,000
+9.8%
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 East Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$815,000
Current use
COMMERCIAL (GENERAL)
$1,070,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$92 / 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
$93,907
Tax year 2022
Assessed value
$793,000
Assessed 2023
Previous assessed
$793,000
+0.0% YoY
Effective rate
11.84%
On assessed value
Assessed land
$282,100
Assessed improvement
$510,900
Land market value
$282,100
Improvement market value
$510,900
Total market value
$793,000
Applied tax rate
4.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Heating
NONE
Units
1
Total area
7,200 SF
Lot
20.05 ac (873,378 SF)
Zoning code
RP3
APN
04 00309- 04-00016- 15
UPID
US59-2180351
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
RP3 · East Brunswick, NJ
Zoning RP3 · permitted uses
RP3 · East Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
RESTAURANT Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1977
Heating
NONE
Units
1
Lot
20.05 ac
Current owner
From public records · entity-resolved
Farrington Manor INC
Entity
Free & Clear · 13 yrs held
Mailing address
16 PATRICK ST, EAST BRUNSWICK, NJ 08816-2431
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2012
—
Farrington Manor INC
Farrington Manor INC
Quit Claim Deed
related
—
Jan 23, 2012
—
Farrington Manor INC
Farrington Manor INC
Quit Claim Deed
related
—
—
—
Farrington Manor INC
—
Deed Of Trust
related
$2,000,000 · Republic Bank
—
—
Farrington Manor INC
—
Deed Of Trust
related
$100,000 · New Jersey Cmnty Bk
—
—
Farrington Manor INC
—
Deed Of Trust
related
$500,000 · New Jersey Cmnty Bk
—
—
Farrington Manor INC
—
Deed Of Trust
related
$250,000 · Bank Of America California NA
—
—
Farrington Manor INC
—
Deed Of Trust
related
$1,000,000 · John JR Bocra
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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