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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    371 Washington St Perth Amboy, NJ 08861-3112

    • Residential income homes
    • 3,210 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2745394
    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

    • Residential income homes

    Property Details for 371 Washington St

    Year built
    1899
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    3,210 SF
    Zone code
    C-1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    16 00173-0000-00012
    APU
    1600173000000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $431,000
      Market price range: $298k - $587k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2765
    Latitude
    40.5164
    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
    $13,545
    $139,900
    $315,400
    $455,300
    -
    $139,900
    $315,400
    $455,300

    Comparable in this City

    • Value Estimation
      $1,050,000
      1,840 SF

      720-722 Charles St, Unit 722

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,840 SF
      720-722 Charles St, Perth Amboy, NJ 08861-2832
      View Details
    • Value Estimation
      $475,000
      4,416 SF

      60 1st St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,416 SF
      60 1st St, Perth Amboy, NJ 08861-4742
      View Details
    • Value Estimation
      $355,000
      3,155 SF

      129 Market St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,155 SF
      129 Market St, Perth Amboy, NJ 08861-4375
      View Details
    • Value Estimation
      $785,000
      3,220 SF

      200 Madison Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,220 SF
      200 Madison Ave, Perth Amboy, NJ 08861-4677
      View Details
    • Value Estimation
      $340,000
      2,340 SF

      76 Broad St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,340 SF
      76 Broad St, Perth Amboy, NJ 08861-4470
      View Details
    • Value Estimation
      $395,000
      6,104 SF

      695 Charles St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,104 SF
      695 Charles St, Perth Amboy, NJ 08861-2856
      View Details

    Similar Nearby for Sale

    • $1,460,000
      7,072 SF

      Mixed-Use Building in Opportunity Zone

      Five-unit mixed-use building in downtown Perth Amboy, offering stable income.
      303 Maple St, Perth Amboy, NJ 08861
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    • $1,249,000
      3,248 SF

      Mix-Use Property: Investment Opportunity

      Mix-use property with bar, restaurant, and apartments for sale.
      983 State St, Perth Amboy, NJ 08861
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    • $515,000
      1,720 SF

      Two-Family Home Near Outer Bridge

      Two-family home near Outer Bridge with backyard and full basement.
      168 Lynd St, Perth Amboy, NJ 08861
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    • $1,350,000
      2,627 SF

      Mixed-Use Building in Prime Location

      Mixed-use building with commercial and residential components in high-demand area.
      292 Smith St, Perth Amboy, NJ 08861
      View Details
    • $469,900
      2,237 SF

      Rented 3-Family Home, Perth Amboy

      Centrally located, fully rented 3-family home with great market potential.
      212 Hall Ave, Perth Amboy, NJ 08861
      View Details
    • $515,000
      1,840 SF

      Two Family Perth Amboy Property

      Two-family property near transportation, schools, and stores in Perth Amboy.
      715 State St, Perth Amboy, NJ 08861
      View Details

    Similar Nearby for Lease

    • $2,399 /Mo

      Updated Second Floor Apartment

      Recently updated second-floor apartment available for rent.
      184 Meade St, Perth Amboy, NJ 08861
      View Details
    • $12 SF/Yr
      3,470 SF

      Prime Commercial Land, Division St.

      Warehouse Land: Build Your Business!
      503 Division St, Perth Amboy, NJ 08861
      View Details
    • $20 SF/Yr
      1,744 SF

      Perth Amboy Office Space For Lease

      Prime Office, 1744 sq ft, High Visibility
      485 New Brunswick Ave, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      800,000 SF

      Industrial Buildings Near NJ Turnpike

      Two industrial buildings available for lease near major transportation routes.
      1160 State St, Perth Amboy, NJ 08861
      View Details
    • $9 SF/Yr
      150,000 SF

      Perth Amboy Warehouse Space

      150,000 SF warehouse space near major highways.
      1 Buckingham Ave, Perth Amboy, NJ 08861
      View Details
    • $4,100 /Mo

      Commercial Land in Perth Amboy

      Commercial opportunity with office space, parking, shop, and storage.
      70 Fayette St, Perth Amboy, NJ 08861
      View Details
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    371 Washington St
    Perth Amboy, NJ 08861-3112
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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