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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
455 New Brunswick Ave, Fords, NJ 08863-2175
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3042531
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
2,923 SF
Lot
0.08 ac (3,500 SF)
Zoning code
B-2
APN
25 00059- 04-00119- 02
UPID
US59-3042531
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
-
House Of Melia Beauty Bar & Boutique Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$525k
Owner & transaction history
Eduardo J Garcia · 4 yrs held
Eduardo J Garcia
since 2021
Last sale
$460,000
3 recorded transactions
Zoning & alternative use
B-2 · Fords, NJ
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 Fords submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fords 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
$590,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $460k (Oct 15 2021)
Last sale anchor
$460k
Oct 15 2021
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
$180 / 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
$14,279
Tax year 2022
Assessed value
$119,700
Assessed 2023
Previous assessed
$119,700
+0.0% YoY
Effective rate
11.93%
On assessed value
Assessed land
$17,500
Assessed improvement
$102,200
Land market value
$17,500
Improvement market value
$102,200
Total market value
$119,700
Applied tax rate
25.0000
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
1920
Heating
NONE
Units
1
Total area
2,923 SF
Lot
0.08 ac (3,500 SF)
Zoning code
B-2
APN
25 00059- 04-00119- 02
UPID
US59-3042531
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Fords, NJ
Zoning B-2 · permitted uses
B-2 · Fords, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fords. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Eduardo J Garcia
Individual
Mailing address
11 5TH ST, FORDS, NJ 08863-1706
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$460,000
Eduardo J Garcia
Thakkar Group LLC
Deed
$348,750 · Silver Hill Financial LLC
Dec 9, 2016
$345,000
Thakkar Group LLC
Ye,jianming & Zheng
Grant Deed
$241,500 · Boiling Sprgs Svgs Bk
—
—
Ye,jianjing & Zheng
—
Deed Of Trust
related
$245,000 · Banco Popular NA/fl
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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