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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
2005 Saint Georges Ave Rahway, NJ 07065-2007
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US59-3117658
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
2,206 SF
Lot
0.35 ac (15,259 SF)
APN
13 00213-0000-00017
UPID
US59-3117658
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
$460k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$550k
Owner & transaction history
Klt Real Estates Holdings LLC · 15 yrs held
Klt Real Estates Holdings LLC
since 2010
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 Rahway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rahway 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
$460,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$450,000
Current use
COMMERCIAL (GENERAL)
$410,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$249 / 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
$51,830
Tax year 2022
Assessed value
$724,800
Assessed 2023
Previous assessed
$724,800
+0.0% YoY
Effective rate
7.15%
On assessed value
Assessed land
$61,100
Assessed improvement
$663,700
Land market value
$61,100
Improvement market value
$663,700
Total market value
$724,800
Applied tax rate
13.0000
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
1961
Heating
NONE
Total area
2,206 SF
Lot
0.35 ac (15,259 SF)
APN
13 00213-0000-00017
UPID
US59-3117658
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$410,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1961
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
Klt Real Estates Holdings LLC
Entity
Mailing address
2005 SAINT GEORGES AVE, RAHWAY, NJ 07065-2007
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2019
—
Klt Real Estates Holdings LLC
—
Deed
related
$1,550,000 · M & T Bank
Mar 9, 2018
—
Klt Real Estate Holdings LLC
—
Deed
related
$350,000 · Lucy Tasharofi
Dec 7, 2010
$490,000
Klt Real Estates Holdings LLC
Gerard Reichardt SR.
Deed
$1,541,000 · Wells Fargo Bank NA
Jul 9, 2009
—
Gerard Reichardt
—
Trustees Deed
related
$148,064 · Union County Health Care Assoc
Sep 7, 2005
$10
Gerard Reichardt SR.
Silver Star Associates INC
Grant Deed
—
Jul 15, 2005
$430,000
Silver Star Associates INC
Kurasz,joseph A & Patricia M
Grant Deed
related
—
—
—
Joseph A Kurasz
—
Deed Of Trust
related
$162,000 · Indymac Bank Fsb
—
—
Joseph A Kurasz
—
Deed Of Trust
related
$144,000 · Accredited Home Lenders
—
—
Joseph Kurasz
—
Deed Of Trust
related
$95,000 · Summit Bank
—
—
Joseph A Kurasz
—
Deed Of Trust
related
$11,292 · Citifinancial Services INC
—
—
Gerard Reichardt SR.
—
Deed Of Trust
related
$346,400 · Greenpoint Mortgage Funding
—
—
Patricia M Kurasz
—
Deed Of Trust
related
$30,000 · Fleet National Bank
—
—
Joseph A Kurasz
—
Deed Of Trust
related
$260,000 · Era Mortgage
—
—
Klt Real Estate Holdings LLC
—
Deed Of Trust
related
$350,000 · Lucy Tasharofi
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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