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    Property profile & analytics

    224 Correja Ave Iselin, NJ 08830-1437

    • Grocery and convenience stores
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $620,000
    Last Sale
    Nov 17, 2022
    $587,500
    Location Intelligence
    Property ID
    US59-1699634
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Samosa Factory / Indian Restaurant
    • Astrologer & Psychic RamDev / Astrologer
    • Spangle Brothers ATM / Atm

    Property Details for 224 Correja Ave

    Year built
    1925
    Lot size
    0.09 lot acres
    Zone code
    R-6
    Property type
    Grocery and convenience stores
    APN
    25 00444- 03-00001
    APU
    25004440300001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $600,000
      6.5%
      $635,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $680,000
      Geo Method
      $620,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $560,000
      Retail
      $540,000
      Mixed-Use
      $590,000
      Hospitality
      $660,000
      Educational
      $660,000
      Residential Income
      $600,000
      Energy
      $600,000
      Income-Based Land
      $575,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    Iselin
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.327
    Latitude
    40.5777
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,741
    $16,400
    $94,100
    $110,500
    -
    $16,400
    $94,100
    $110,500

    Comparable in this City

    • Value Estimation by Request
      1,573 SF

      139 Correja Ave

      GROCERY, SUPERMARKET • 1,573 SF
      139 Correja Ave, Iselin, NJ 08830-1639
      View Details
    • Value Estimation by Request
      0.15 Acres

      1367 Oak Tree Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.15 Acres
      1367 Oak Tree Rd, Iselin, NJ 08830-1694
      View Details
    • Value Estimation by Request
      1,200 SF

      1382 Oak Tree Rd

      Individual retail properties • 1,200 SF
      1382 Oak Tree Rd, Woodbridge Township, NJ 08830
      View Details
    • Value Estimation
      $410,000
      0.60 Acres

      1477 Oak Tree Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.60 Acres
      1477 Oak Tree Rd, Iselin, NJ 08830-1625
      View Details
    • Value Estimation by Request
      0.27 Acres

      1437 Oak Tree Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.27 Acres
      1437 Oak Tree Rd, Iselin, NJ 08830-1625
      View Details
    • Value Estimation
      $1,495,000
      6,912 SF

      1547 Oak Tree Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,912 SF
      1547 Oak Tree Rd, Iselin, NJ 08830-1558
      View Details

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      Prime NJ Retail Space Available
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      View Details
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    224 Correja Ave
    Iselin, NJ 08830-1437
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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