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Property profile & analytics
OFF-MARKET
Estimated value
$127,115,000
Office buildings
194 Woodside Ave Metuchen, NJ 08840
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1822123
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
403,389 SF
Lot
14.04 ac (611,582 SF)
APN
25 00356- 02-00013- 02
UPID
US59-1822123
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
$101.28M
Comparable Approach
Comparable
$103.10M
Blend (final)
Blend
$127.12M
Owner & transaction history
194 Wood Ave LLC · 5 yrs held
194 Wood Ave LLC
since 2020
Last sale
$140.0M
7 recorded transactions
Zoning & alternative use
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 Metuchen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Metuchen 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
$174,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$109,720,000
6.5%
$101,280,000
7%
$94,045,000
Blend value · Realmo final
$127.12M
Range $114.40M – $139.83M · ±10% · vs last sale $140.00M (Sep 2 2020)
Last sale anchor
$140.00M
Sep 2 2020
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
$315 / 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
$2,562,743
Tax year 2022
Assessed value
$22,308,000
Assessed 2023
Previous assessed
$22,308,000
+0.0% YoY
Effective rate
11.49%
On assessed value
Assessed land
$2,808,000
Assessed improvement
$19,500,000
Land market value
$2,808,000
Improvement market value
$19,500,000
Total market value
$22,308,000
Applied tax rate
25.0000
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
2001
Heating
NONE
Stories
9
Units
1
Total area
403,389 SF
Lot
14.04 ac (611,582 SF)
APN
25 00356- 02-00013- 02
UPID
US59-1822123
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
9
Units
1
Lot
14.04 ac
Current owner
From public records · entity-resolved
194 Wood Ave LLC
Entity
Mailing address
1140 AVE OF THE AMERICAS, NEW YORK, NY 10036-5803
Ownership since
2020
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
Oct 29, 2020
—
Wood Ave 194 LLC
—
Deed
related
—
Sep 2, 2020
$140,000,000
194 Wood Ave LLC
Metropark Investor LLC
Deed
$500,000 · Vast Bank NA
Sep 2, 2020
—
Wood Ave 194 LLC
—
Deed
related
$500,000 · Vast Bank NA
Jan 15, 2016
—
Metropark Investor LLC
Metropark Corporate Center I
Quit Claim Deed
related
—
Dec 17, 2009
—
Metropark Corporate Center I
—
Grant Deed
related
$30,000,000 · Miscellaneous Ins Co
Mar 26, 2007
$150,000,000
Metropark Corporate Ctr I
Rcc Of Ivy Metro Park Prop LLC
Grant Deed
related
$170,800,000 · Miscellaneous Ins Co
—
—
Wood Ave 194 LLC
—
Deed Of Trust
related
$65,000,000 · Valley Nat'l Bk
—
—
Wood Ave 194 LLC
—
Loan Modification
related
—
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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