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    Property profile & analytics

    424 Smith St Perth Amboy, NJ 08861-3819

    • Residential income homes
    • 3,220 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1361020
    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 424 Smith St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property size
    3,220 SF
    Zone code
    C-1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    16 00106- 02-00038
    APU
    16001060200038

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $830,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $800,000
      Market price range: $625k - $992k
      AI Estimate
      $435,000
      Market price range: $299k - $589k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $795,000
      Current use
      OFFICE BUILDING
      $880,000
      Change: +11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2809
    Latitude
    40.5125
    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
    $13,673
    $123,800
    $335,800
    $459,600
    -
    $123,800
    $335,800
    $459,600

    Comparable in this City

    • Value Estimation by Request
      3,578 SF

      98 Brighton Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,578 SF
      98 Brighton Ave, Perth Amboy, NJ 08861-4770
      View Details
    • Value Estimation by Request
      1,280 SF

      437-439 Inslee St, Unit 439

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,280 SF
      437-439 Inslee St, Perth Amboy, NJ 08861-2087
      View Details
    • Value Estimation
      $580,000
      2,589 SF

      328 Watson Ave, Unit 326

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,589 SF
      328 Watson Ave, Perth Amboy, NJ 08861-4070
      View Details
    • Value Estimation by Request
      16,400 SF

      175 Quincy Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 16,400 SF
      175 Quincy Ct, Perth Amboy, NJ 08861-2299
      View Details
    • Value Estimation
      $1,520,000
      2,440 SF

      174-176 Pulaski Ave, Unit 176

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,440 SF
      174-176 Pulaski Ave, Perth Amboy, NJ 08861-3077
      View Details
    • Value Estimation by Request
      2,624 SF

      330-332 Lawrence St, Unit 332

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,624 SF
      330-332 Lawrence St, Perth Amboy, NJ 08861-2163
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
      View Details
    • $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
      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
    • $725,000
      4,921 SF

      Mixed-Use Building with Rental Income

      Well-maintained mixed-use property featuring commercial space, apartments, and garages.
      721-725 State St, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      5,408 SF

      Perth Amboy Mixed-Use Investment

      Four residential units plus commercial space in a prime location.
      792 State St, Perth Amboy, NJ 08861
      View Details
    • $449,000
      2,106 SF

      Two-Family Home in Waterfront Area

      Two-family property with separate utilities in a waterfront area.
      112 Catalpa Ave, 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
    • $20 SF/Yr
      1,200 SF

      Prime Commercial Land Fayette Street

      1,200 sq ft lot, single tenant.
      428 Fayette St, Perth Amboy, NJ 08861
      View Details
    • $11 SF/Yr
      2,977 SF

      Hall Avenue Commercial Land Opportunity

      Prime Location, High Visibility, 2,977 sq ft
      228 Hall Ave, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      4,500 SF

      Industrial Warehouse Space For Rent

      4,500 square foot industrial warehouse space available for lease.
      224 Market St, Perth Amboy, NJ 08861
      View Details
    • $3,838 /Mo
      7,675 SF

      Perth Amboy Flexible Use Space

      7675 SF flexible space suitable for warehousing, light industrial.
      224 Washington St, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing

      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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    424 Smith St
    Perth Amboy, NJ 08861-3819
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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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