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Property profile & analytics
FOR LEASE
Office buildings
2100 Ronson Rd Iselin, NJ 08830
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0801966
For Lease
1 / 3
Contact for pricing
2100 Ronson Rd, Iselin, NJ 08830
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Lot
5.71 ac (248,728 SF)
Zoning code
M1
APN
25 00367-0000-00001- 12
UPID
US59-0801966
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$96.39M
Owner & transaction history
Necg Woodbridge Bh LLC · 5 yrs held
Necg Woodbridge Bh LLC
since 2021
Last sale
$88.0M
7 recorded transactions
Zoning & alternative use
M1 · Iselin, 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 Iselin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Iselin 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
$113,175,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$96.39M
Range $86.75M – $106.03M · ±10% · vs last sale $88.00M (Jun 25 2021)
Last sale anchor
$88.00M
Jun 25 2021
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
$440,312
Tax year 2022
Assessed value
$3,832,800
Assessed 2023
Previous assessed
$3,832,800
+0.0% YoY
Effective rate
11.49%
On assessed value
Assessed land
$1,142,000
Assessed improvement
$2,690,800
Land market value
$1,142,000
Improvement market value
$2,690,800
Total market value
$3,832,800
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
For Lease
Year built
1986
Heating
NONE
Stories
4
Units
1
Lot
5.71 ac (248,728 SF)
Zoning code
M1
APN
25 00367-0000-00001- 12
UPID
US59-0801966
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Iselin, NJ
Zoning M1 · permitted uses
M1 · Iselin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Iselin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
4
Units
1
Lot
5.71 ac
Current owner
From public records · entity-resolved
Necg Woodbridge Bh LLC
Entity
Mailing address
1 HILLCREST CTRSTE310, SPRING VALLEY, NY 10977-3740
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
—
Necg Woodbridge Bh LLC
—
Deed
related
—
Aug 17, 2022
—
Necg Woodbridge Bh LLC
—
Deed
related
$27,500,000 · Goldman Sachs Bank USA
Aug 31, 2021
—
Woodbridge Exectuive LLC
—
Deed
related
$42,500,000 · American Heritage FCU
Jun 25, 2021
$88,000,000
Necg Woodbridge Bh LLC
Smiii Woodbridge Plaza LLC
Deed
$27,500,000 · Goldman Sachs Bank USA
Sep 21, 2018
—
Smiii Woodbridge Plaza LLC
—
Loan Modification
related
$42,530,000 · Wells Fargo Bk
Apr 7, 2005
—
Smiii Woodbridge Plaza LLC
Corporate Plaza Associates LLC
Grant Deed
related
—
—
—
Smiii Woodbridge Plaza LLC
—
Deed Of Trust
related
$40,000,000 · Wells Fargo Bank
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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