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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Commercial real estate
34 Charles St, South River, NJ 08882-1603
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0230096
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1924
Total area
31,324 SF
Lot
1.19 ac (52,000 SF)
APN
23 00269-0000-00008
UPID
US59-0230096
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
-
Pillars Preparatory Academy High School
-
Moshe Aaron Yeshiva High School Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$2.52M
Owner & transaction history
Sred Property LLC · 11 yrs held
Sred Property LLC
since 2014
7 recorded transactions
Zoning & alternative use
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 South River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South River 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10%
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
$80 / 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
$40,725
Tax year 2022
Assessed value
$1,677,300
Assessed 2023
Previous assessed
$1,677,300
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$357,000
Assessed improvement
$1,320,300
Land market value
$357,000
Improvement market value
$1,320,300
Total market value
$1,677,300
Applied tax rate
23.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1924
Heating
NONE
Total area
31,324 SF
Lot
1.19 ac (52,000 SF)
APN
23 00269-0000-00008
UPID
US59-0230096
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1924
Heating
NONE
Lot
1.19 ac
Current owner
From public records · entity-resolved
Sred Property LLC
Entity
Mailing address
17 DAFFODIL WAY, OLD BRIDGE, NJ 08857-3592
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Feb 24, 2022
—
Sred Property Limited Liability Com
—
Deed
related
$3,500,000 · Global Bank
Oct 7, 2020
—
Sred Property Limited Liability Com
—
Deed
related
$2,500,000 · Global Bank
Mar 11, 2019
—
Sred Property LLC
—
Deed
related
$930,000 · Progress Direct LLC
Apr 23, 2018
—
Sred Prop Llimited Liability C
—
Deed
related
$525,000 · Marvin & Carol Kornmehl
Oct 29, 2014
$400,000
Sred Property LLC
SR-yhs Property INC
Grant Deed
—
—
—
Sred Property LLC
—
Deed Of Trust
related
$930,000 · Progress Direct LLC
—
—
SR-yhs Property INC
—
Deed Of Trust
related
$100,000 · Wachovia Bk/sc
—
—
Sred Prop Llimited Liability C
—
Deed Of Trust
related
$525,000 · Marvin & Carol Kornmehl
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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