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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Commercial real estate
1801 Washington Vly Rd Martinsville, NJ 08836-2004
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1753346
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE BLOCKS
Lot
9 ac (392,040 SF)
Zoning code
R50
APN
06 00906-0000-00036
UPID
US59-1753346
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
-
CHAND PALACE CATERING Take-out & Catering Catering Service
-
Martinsville Gardens Wedding Service
-
The Curry & Grill Factory Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.65M
Owner & transaction history
Soin Investments LLC · 1 yrs held
Soin Investments LLC
since 2025
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
R50 · Martinsville, 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 Martinsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinsville 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
$3,540,000
ML approach
$3,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±10% · vs last sale $3.80M (Apr 29 2025)
Last sale anchor
$3.80M
Apr 29 2025
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
—
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
$29,384
Tax year 2022
Assessed value
$1,425,000
Assessed 2023
Previous assessed
$1,425,000
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$425,000
Land market value
$1,000,000
Improvement market value
$425,000
Total market value
$1,425,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
9 ac (392,040 SF)
Zoning code
R50
APN
06 00906-0000-00036
UPID
US59-1753346
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R50 · Martinsville, NJ
Zoning R50 · permitted uses
R50 · Martinsville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Martinsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
9 ac
Current owner
From public records · entity-resolved
Soin Investments LLC
Entity
Mailing address
138 WINDING HL DR, HACKETTSTOWN, NJ 07840-5658
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
$3,800,000
Soin Investments LLC
Omkara Hospitality LLC
Deed
$3,900,100 · Hanover Community Bank
Nov 15, 2021
—
Omkara Hospitality LLC
—
Deed
related
$2,500,000 · Peapack Gladstone Bank
Jul 2, 2019
—
Omkara Hospitality LLC
—
Deed
related
$2,100,000 · Financial Resources FCU
Oct 20, 2016
—
Omkara Hospitality LLC
—
Deed
related
$1,237,061 · Indus American Bk
Jan 7, 2016
$800,000
Omkara Hospitality LLC
Milton & Claire Gottlieb Ptrs
Grant Deed
$550,000 · Milton & Claire Gottlieb Ptrs
—
—
Omkara Hospitality LLC
—
Loan Modification
related
$1,237,061 · Indus 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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