Entity Owned 
For Lease
1 / 5
$3,800/Mo
1966 Washington Valley Rd, Martinsville, NJ 08836
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Property summary
AI-generated overview
The property is a commercial space totaling 1,500 square feet, configured as a dental office and equipped with existing fixtures and furniture. It is suitable for medical uses, including doctor office use, and has been laid out for operation as a clinical practice.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
12,480 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C1
APN
06 00708-0000-00022
UPID
US59-0704155
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office Physician
-
Gym & Fitness Center
-
Restaurant
-
Nail Salon
-
Gym & Fitness Center Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$2.03M
Owner & transaction history
since 2010
4 recorded transactions
Zoning & alternative use
C1 · Martinsville, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 19 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.03M
Value range
$1.83M – $2.23M
±10% around blend
Estimated value / SF
$163 / SF
Confidence
High
19 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$1.83M
blend $2.03M
$2.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,480 SF
Lot area
1.49 ac
APN
06 00708-0000-00022
Zoning
C1
Assessed value
$2,243,600
Annual tax
$46,263
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$46,263
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.63M
Weighted, 19 comps · high confidence
Evidence
19 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.3 mi away · 11,403 SF
9.5 mi away · 11,406 SF
9.5 mi away · 9,072 SF
11.7 mi away · 9,867 SF
13.3 mi away · 10,547 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 255 sales
$256
-36%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $163/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 19 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$319k
Move the market yield to see immediate price impact.
Value / SF
$26
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$402k
$287k
$223k
$22k
$447k
$319k
$248k
$25k
$491k
$351k
$273k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
19 found
High confidence · county-verified
Closest comparable
$1.85M
3.2 mi · Sep 2025 · $162/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$46,263
Tax year 2022
Assessed value
$2,243,600
Assessed 2023
Previous assessed
$2,243,600
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$372,500
Assessed improvement
$1,871,100
Land market value
$372,500
Improvement market value
$1,871,100
Total market value
$2,243,600
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Heating
NONE
Total area
12,480 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C1
APN
06 00708-0000-00022
UPID
US59-0704155
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C1 · Martinsville, NJZoning C1 · permitted uses
C1 · Martinsville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
1.49 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Martinsville, NJ
Recorded code
C1
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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