Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    463 Washington Ave Piscataway, NJ 08854-1552

    • Office buildings
    • 1,946 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0364256
    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

    • Bond & Posluszny Law Offices / Law Firm

    Property Details for 463 Washington Ave

    Year built
    1954
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    1,946 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    17 00802-0000-00005- 01
    APU
    170080200000000501

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4546
    Latitude
    40.5809
    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
    $7,879
    $253,000
    $97,000
    $350,000
    -
    $253,000
    $97,000
    $350,000

    Comparable in this City

    • Value Estimation
      $8,625,000
      64,803 SF

      53 Knightsbridge Rd

      OFFICE BUILDING • 64,803 SF
      53 Knightsbridge Rd, Piscataway, NJ 08854-3951
      View Details
    • Value Estimation by Request
      1,624 SF

      1056 Stelton Rd, Unit 7

      OFFICE BUILDING • 1,624 SF
      1056 Stelton Rd, Piscataway, NJ 08854-4326
      View Details
    • Value Estimation by Request
      900 SF

      133 Fleming St

      OFFICE BUILDING • 900 SF
      133 Fleming St, Piscataway, NJ 08854-3350
      View Details
    • Value Estimation
      $3,940,000
      27,954 SF

      501 Hoes Ln

      OFFICE BUILDING • 27,954 SF
      501 Hoes Ln, Piscataway, NJ 08854-5070
      View Details
    • Value Estimation by Request
      1,485 SF

      1056 Stelton Rd Ste, Unit 3

      OFFICE BUILDING • 1,485 SF
      1056 Stelton Rd Ste, Piscataway, NJ 08854-4326
      View Details
    • Value Estimation
      $1,680,000
      7,752 SF

      155 Stelton Rd

      OFFICE BUILDING • 7,752 SF
      155 Stelton Rd, Piscataway, NJ 08854-3251
      View Details

    Similar Nearby for Sale

    • $4,950,000

      Medical Building For Sale

      Two-story medical building with diverse tenants and investment potential.
      1100 Centennial Ave, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Piscataway Twp. Commercial Office Condo

      Renovated condo ideal for medical or professional office use.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Piscataway Commercial Condo For Sale

      Recently renovated commercial condo ideal for medical or professional office.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      1,000 SF

      Piscataway Commercial Space Available

      Versatile commercial space in a convenient, highly visible Piscataway location.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Renovated Office Condo For Sale

      Recently renovated condo ideal for medical or professional office use.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $600,000
      10,000 SF

      First Floor Office Space Available

      Office space available for sale or rent with open floorplan.
      7 Wills Way, Piscataway, NJ 08854
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Piscataway Medical/Professional Office Suite

      Recently renovated 1,000 SF office suite in Piscataway, NJ.
      451 S Washington Ave, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr
      155,634 SF

      Piscataway Corporate Park Office Space

      As-built office units for lease in Piscataway Corporate Park.
      15 Corporate Pl South, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      17,583 SF

      Piscataway Office Space Available

      Office space for rent with easy highway and transit access.
      377 Hoes Ln, Piscataway, NJ 08854
      View Details
    • $22 SF/Yr
      15,512 SF

      Knightsbridge Office Suites

      Modern NJ office space; flexible options.
      30 Knightsbridge Rd, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr
      88,780 SF

      Piscataway Executive Office Space

      Prime NJ Office Suites Available
      1 Corporate Pl, Piscataway, NJ 08854
      View Details
    • $21 SF/Yr
      2,148 SF

      Piscataway Office Space For Lease

      Office space for lease with Route 287 exposure.
      240 Old New Brunswick Rd, Piscataway, NJ 08854
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    463 Washington Ave
    Piscataway, NJ 08854-1552
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!