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    456 Mitchell Pl Perth Amboy, NJ 08861-3606
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    456 Mitchell Pl Perth Amboy, NJ 08861-3606

    View on Map
    • Auto shops
    • 2,300 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Dec 12, 2025
    $700,000
    Property ID
    US59-2909426
    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.
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Like New Auto Body / Auto Repair Shop

    Property Details for 456 Mitchell Pl

    Year built
    1935
    Lot size
    0.11 lot acres
    Property size
    2,300 SF
    Zone code
    R-25
    Property type
    Auto shops
    APN
    16 00186-0000-00032
    APU
    1600186000000032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $415,000
      Current use
      MEDICAL BUILDING
      $445,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $365,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $365,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2855
    Latitude
    40.52
    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
    $7,845
    $135,600
    $128,100
    $263,700
    -
    $135,600
    $128,100
    $263,700

    Comparable in this City

    • Value Estimation
      $1,735,000
      4,600 SF

      206 Fayette St

      AUTO REPAIR, GARAGE • 4,600 SF
      206 Fayette St, Perth Amboy, NJ 08861-4116
      View Details
    • Value Estimation by Request
      1,050 SF

      631 Amboy Ave

      AUTO REPAIR, GARAGE • 1,050 SF
      631 Amboy Ave, Perth Amboy, NJ 08861-2536
      View Details
    • Value Estimation by Request
      1,992 SF

      606 Convery Blvd

      AUTO REPAIR, GARAGE • 1,992 SF
      606 Convery Blvd, Perth Amboy, NJ 08861-2596
      View Details
    • Value Estimation by Request
      1,348 SF

      511 Convery Blvd

      AUTO REPAIR, GARAGE • 1,348 SF
      511 Convery Blvd, Perth Amboy, NJ 08861-3036
      View Details
    • Value Estimation by Request
      1,288 SF

      351 Elm St

      AUTO REPAIR, GARAGE • 1,288 SF
      351 Elm St, Perth Amboy, NJ 08861
      View Details
    • Value Estimation by Request
      1,152 SF

      312 Fayette St

      AUTO REPAIR, GARAGE • 1,152 SF
      312 Fayette St, Perth Amboy, NJ 08861-4019
      View Details

    Similar Nearby for Sale

    • $685,000
      3,236 SF

      Established Garage in Perth Amboy

      Operating garage with tenant in place until March 2025.
      805 S Amboy Ave E, Perth Amboy, NJ 08861
      View Details
    • $1,100,000
      3,200 SF

      Auto Shop For Sale

      3,200 SF auto shop available for purchase.
      85 Smith St, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      6,060 SF

      Retail Space in Perth Amboy

      Retail space available for sale in Perth Amboy, NJ.
      100 W Pond Rd, Perth Amboy, NJ 08861
      View Details
    • 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
    • Contact for pricing
      57,685 SF

      Multi-Story Retail and Manufacturing Space

      Retail and light manufacturing space, 22 miles from Port Newark/Elizabeth.
      224 Smith St, Perth Amboy, NJ 08861
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    Similar Nearby for Lease

    • Contact for pricing
      2,960 SF

      Retail Space in Neighborhood Center

      2,813 SF retail space available in Perth Amboy, NJ.
      365 Convery Blvd, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing

      High-Visibility Commercial Space Available

      Prime location in Perth Amboy, ideal for retail or office.
      653 New Brunswick Ave, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      2,445 SF

      Retail Space For Rent

      Retail space available for rent.
      101 New Brunswick Ave, Hopelawn, NJ 08861
      View Details
    • New
      $2,400 /Mo

      Versatile Commercial Space in Perth Amboy

      Flexible commercial space suitable for office or retail use.
      389 Smith St, 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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    456 Mitchell Pl
    Perth Amboy, NJ 08861-3606
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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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