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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Commercial real estate
2041 State Rte 27 Somerset, NJ 08873
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0924012
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
3,576 SF
Lot
0.44 ac (19,296 SF)
Zoning code
GB
APN
08 00057- 01-00039
UPID
US59-0924012
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
$800k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$851k
Blend (final)
Blend
$800k
Owner & transaction history
Middle East Reality LLC · 2 yrs held
Middle East Reality LLC
since 2024
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
GB · Somerset, 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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$860,000
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jul 8 2024)
Last sale anchor
$800k
Jul 8 2024
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
$224 / 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
$11,620
Tax year 2022
Assessed value
$573,000
Assessed 2023
Previous assessed
$573,000
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$396,000
Assessed improvement
$177,000
Land market value
$396,000
Improvement market value
$177,000
Total market value
$573,000
Applied tax rate
8.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
3,576 SF
Lot
0.44 ac (19,296 SF)
Zoning code
GB
APN
08 00057- 01-00039
UPID
US59-0924012
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GB · Somerset, NJZoning GB · permitted uses
GB · Somerset, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Middle East Reality LLC
Entity
Free & Clear · 2 yrs held
Mailing address
504 CROSSFIELDS LN, SOMERSET, NJ 08873-6012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
—
Middle East Realty LLC
—
Deed
related
$546,000 · Omega Financial Services INC
Jul 8, 2024
$800,000
Middle East Reality LLC
Paul Seilaudom
Deed
—
Feb 17, 2023
$1,000
Paul Seilaudom
Abby Khmelnitsky
Sheriffs Deed
related
—
Aug 24, 2012
$760,000
Ilia Khmelnitsky
Seilaudom,paul & Boonthum
Grant Deed
$750,000 · Paul & Boonthum Seilaudom
Oct 29, 1990
$350,000
Paul Seilaudom
Unknown
Grant Deed
—
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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