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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Super regional malls
162 Summerhill Rd East Brunswick, NJ 08816-4929
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0234314
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1953
Total area
7,200 SF
Lot
1.04 ac (45,410 SF)
Zoning code
OP1
APN
04 00131-0000-00001- 08
UPID
US59-0234314
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
-
Black K Taekwondo Training Center Sports School
-
Pamela P. Patel, PharmD Pharmacy
-
Custom Eyes Ophthalmologist (Bike/Boat/Book/etc) Store
-
Nails Touch Nail Salon
-
Big Apple Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Addisys Properties LLC · 3 yrs held
Addisys Properties LLC
since 2022
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
OP1 · East 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 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
$1,335,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,835,000
6.5%
$1,695,000
7%
$1,575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,890,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$1,395,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,225,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,150,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,070,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: 0% · Conversion: Difficult
RESTAURANT
$815,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.27M (Aug 3 2022)
Last sale anchor
$1.27M
Aug 3 2022
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
$179 / 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
$33,947
Tax year 2022
Assessed value
$288,100
Assessed 2023
Previous assessed
$288,100
+0.0% YoY
Effective rate
11.78%
On assessed value
Assessed land
$60,600
Assessed improvement
$227,500
Land market value
$60,600
Improvement market value
$227,500
Total market value
$288,100
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
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1953
Heating
NONE
Units
1
Total area
7,200 SF
Lot
1.04 ac (45,410 SF)
Zoning code
OP1
APN
04 00131-0000-00001- 08
UPID
US59-0234314
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP1 · East Brunswick, NJ
Zoning OP1 · permitted uses
OP1 · 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
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
RESTAURANT
Est. value
$815,000
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1953
Heating
NONE
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Addisys Properties LLC
Entity
Mailing address
7 ESTERBROOK DR, PRINCETON, NJ 08540-6126
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
$1,265,000
Addisys Properties LLC
Summerhill Holdings LLC
Bargain And Sale Deed
$800,000 · Fulton Bank NA
Mar 13, 2013
$1,200,000
Summerhill Holdings LLC
Summerhill Plaza LLC
Grant Deed
related
$900,000 · Columbia Bank
—
—
Summerhill Plaza LLC
—
Deed Of Trust
related
$775,000 · Harmony 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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