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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Office buildings
22 Kirkpatrick St New Brunswick, NJ 08901-1902
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-0111224
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
FRAME
Total area
2,550 SF
Lot
0.07 ac (2,834 SF)
Zoning code
C-4
APN
13 00020-0000-00016
UPID
US59-0111224
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
Current use
Occupant on record · Public records
-
Shamy Frank J Law Firm
-
The Giannullo Law Firm Law Firm
-
Fetky & Petty, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$755k
Owner & transaction history
777 West Park Avenue LLC · 4 yrs held
777 West Park Avenue LLC
since 2022
Last sale
$740,000
7 recorded transactions
Zoning & alternative use
C-4 · New Brunswick, 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 New Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Brunswick 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
$780,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $740k (Jun 30 2022)
Last sale anchor
$740k
Jun 30 2022
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
$296 / 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
$20,303
Tax year 2022
Assessed value
$815,700
Assessed 2023
Previous assessed
$815,700
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$288,300
Assessed improvement
$527,400
Land market value
$288,300
Improvement market value
$527,400
Total market value
$815,700
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
1900
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,550 SF
Lot
0.07 ac (2,834 SF)
Zoning code
C-4
APN
13 00020-0000-00016
UPID
US59-0111224
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-4 · New Brunswick, NJ
Zoning C-4 · permitted uses
C-4 · New Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Brunswick. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
777 West Park Avenue LLC
Entity
Free & Clear · 4 yrs held
Mailing address
707 LITTLE SILVER PT RD, LITTLE SILVER, NJ 07739-1774
Ownership since
2022
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
Jun 30, 2022
$740,000
777 West Park Avenue LLC
16 Van Dyke Avenue LLC
Deed
—
Mar 20, 2020
—
16 Van Dyke Avenue LLC
—
Deed
related
$2,250,000 · Magyar Bk
Jul 3, 2014
—
16 Van Dyke Avenue LLC
Euro LLC
Grant Deed
related
—
Jul 10, 2013
—
Euro LLC
16 Van Dyke Avenue LLC
Grant Deed
related
—
Sep 21, 2010
—
16 Van Dyke Avenue LLC
Euro LLC
Grant Deed
—
Jul 6, 2006
$700,000
Euro LLC
22 Kirkpatrick LLC
Grant Deed
—
—
—
16 Van Dyke Avenue LLC
—
Deed Of Trust
related
$2,500,000 · Magyar Bk
—
—
16 Van Dyke Avenue LLC
—
Loan Modification
related
$2,250,000 · Magyar Bk
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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