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Property profile & analytics
OFF-MARKET
Estimated value
$5,250,000
Office buildings
1610 Rte 88 Brick, NJ 08724-3018
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0516285
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
35,625 SF
Lot
3.24 ac (141,134 SF)
Zoning code
HS
APN
07 01170-0000-00019- 02
UPID
US59-0516285
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.15M
Blend (final)
Blend
$5.25M
Owner & transaction history
Brick Professional Ll · 24 yrs held
Brick Professional Ll
since 2001
7 recorded transactions
Zoning & alternative use
HS · Brick, 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 Brick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brick 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,470,000
Current use
Blend value · Realmo final
$5.25M
Range $4.73M – $5.78M · ±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
$147 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$131,281
Tax year 2023
Assessed value
$5,300,000
Assessed 2024
Previous assessed
$5,300,000
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$3,769,100
Assessed improvement
$1,530,900
Land market value
$3,769,100
Improvement market value
$1,530,900
Total market value
$5,300,000
Applied tax rate
7.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Units
1
Total area
35,625 SF
Lot
3.24 ac (141,134 SF)
Zoning code
HS
APN
07 01170-0000-00019- 02
UPID
US59-0516285
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HS · Brick, NJ
Zoning HS · permitted uses
HS · Brick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.5M
OFFICE BUILDING Current
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
2006
Heating
NONE
Units
1
Lot
3.24 ac
Current owner
From public records · entity-resolved
Brick Professional Ll
Individual
Mailing address
6307 AVE AVE N, BROOKLYN, NY 11234-5508
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
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
Mar 30, 2004
—
Brick Professional LLC
—
Trustees Deed
related
$4,500,000 · Oceanfirst Bank
Oct 25, 2001
$1,100,000
Brick Professional Ll
Brick Medical Mall INC
Grant Deed
related
—
—
—
Brick Professional LLC
—
Deed Of Trust
related
$4,694,373 · Us Bank NA Series 2006-c2 (ce)
—
—
Brick Professional LLC
—
Loan Modification
related
$155,880 · Us Bank NA Series 2006-c2 (ce)
—
—
Brick Professional LLC
—
Deed Of Trust
related
$1,600,500 · Neil Sorrentino
—
—
Brick Professional LLC
—
Deed Of Trust
related
$4,000,000 · Provident Savings Bank
—
—
Brick Professional LLC
—
Deed Of Trust
related
$5,000,000 · Column Financial INC
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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