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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial real estate
3602 State Rte 35 South Amboy, NJ 08879-1459
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-1767740
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
3,064 SF
Lot
0.28 ac (12,075 SF)
APN
20 00090-0000-00001
UPID
US59-1767740
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
$575k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$545k
Owner & transaction history
Mach 8 Properties LLC · 2 yrs held
Mach 8 Properties LLC
since 2024
Last sale
$525,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$840,000
+56.9%
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 Amboy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Amboy 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
$605,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$440,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
OFFICE BUILDING
$840,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $525k (Oct 18 2023)
Last sale anchor
$525k
Oct 18 2023
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
$178 / 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
$18,073
Tax year 2022
Assessed value
$616,000
Assessed 2023
Previous assessed
$616,000
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$220,000
Assessed improvement
$396,000
Land market value
$220,000
Improvement market value
$396,000
Total market value
$616,000
Applied tax rate
20.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
3,064 SF
Lot
0.28 ac (12,075 SF)
APN
20 00090-0000-00001
UPID
US59-1767740
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$535,000
OFFICE BUILDING
Est. value
$840,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Mach 8 Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3602 STATE RTE 35TH AVE, SOUTH AMBOY, NJ 08879-1459
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 24, 2024
$705,000
Mach 8 Properties LLC
3602 RT 35 LLC
Deed
—
Oct 18, 2023
$525,000
3602 RT 35 LLC
Foochee Trading LLC
Deed
—
Feb 5, 2015
$275,000
Foochee Trading LLC
Martini Susan L
Grant Deed
—
Feb 5, 2013
—
Susan L Martini
Martini,spiro
Quit Claim Deed
related
—
—
—
Spiro Martini Real Estate LLC
—
Deed Of Trust
related
$150,000 · Amboy 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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