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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Office buildings
281 Summerhill Rd, East Brunswick, NJ 08816-4279
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-0108582
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
16,028 SF
Lot
1.56 ac (67,954 SF)
Zoning code
OP1
APN
04 00741-0000-00001- 01
UPID
US59-0108582
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
-
Sea Lion International Inc Take-out & Catering Fish Market
-
Naydenskiy Law Firm Law Firm
-
Family Wellness Solutions Physician Alternative Medicine Practice
-
Chueiri Frank DDS Dental Office
-
Thomas Jacoby DMD, Family and Cosmetic Dentistry for all ages Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$3.07M
Owner & transaction history
Modern Realty INC · 1 yrs held
Modern Realty INC
since 2025
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
OP1 · East Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.5M
+0.3%
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 East Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,360,000
6.5%
$4,025,000
7%
$3,735,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,440,000
Current use
COMMERCIAL (GENERAL)
$4,455,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,950,000
Change: -11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,570,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $3.10M (Dec 17 2024)
Last sale anchor
$3.10M
Dec 17 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
$191 / 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
$56,099
Tax year 2022
Assessed value
$476,100
Assessed 2023
Previous assessed
$476,100
+0.0% YoY
Effective rate
11.78%
On assessed value
Assessed land
$96,000
Assessed improvement
$380,100
Land market value
$96,000
Improvement market value
$380,100
Total market value
$476,100
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1975
Heating
NONE
Units
1
Total area
16,028 SF
Lot
1.56 ac (67,954 SF)
Zoning code
OP1
APN
04 00741-0000-00001- 01
UPID
US59-0108582
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP1 · East Brunswick, NJ
Zoning OP1 · permitted uses
OP1 · East Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1975
Heating
NONE
Units
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Modern Realty INC
Entity
Free & Clear · 1 yrs held
Mailing address
2 REDWOOD CT, PLAINSBORO, NJ 08536-2065
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 17, 2025
$3,100,000
Modern Realty INC
Greenspace LLC
Bargain & Sale Deed
—
Feb 8, 2019
—
Greenspace LLC
—
Deed
related
$864,500 · Shore Community Bank
Jan 24, 2018
$2,300,000
Greenspace LLC
Allied Black Horse LLC
Deed
$1,725,000 · Shore Community Bank
Feb 28, 2012
$2,105,000
Allied Black Horse LLC
Polygon Properties II LLC
Grant Deed
$1,525,000 · Peapack Gladstone Bank
Feb 6, 2007
$1,900,000
Polygon Properties II LLC
Aaron Center LLC
Grant Deed
$1,425,000 · Valley Nat'l 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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