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Property profile & analytics
OFF-MARKET
Estimated value
$4,610,000
Office buildings
465 Cranbury Rd, East Brunswick, NJ 08816-7600
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0276886
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
21,996 SF
Lot
2.1 ac (91,600 SF)
Zoning code
OP2
APN
04 00087- 31-00014- 08
UPID
US59-0276886
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
-
Rubin Miriam R Law Firm
-
Robert DeGutis, M.S., LAC Physician Medical Clinic
-
Success Insurance Agency Insurance Agency
-
Dr. Ellis S. Lenger, MD Physician
-
HMH Interventional Cardiology Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.27M
CAP Approach
CAP
$5.53M
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$4.61M
Owner & transaction history
465cranrd LLC · 3 yrs held
465cranrd LLC
since 2023
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
OP2 · East Brunswick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.1M
+0.3%
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 East Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Brunswick 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
$4,340,000
ML approach
$4,270,000
CAP Approach
CAP Return
Estimation
6%
$5,985,000
6.5%
$5,525,000
7%
$5,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,095,000
Current use
COMMERCIAL (GENERAL)
$6,110,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,420,000
Change: -11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,895,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.61M
Range $4.15M – $5.07M · ±10% · vs last sale $3.60M (Jul 3 2023)
Last sale anchor
$3.60M
Jul 3 2023
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
$210 / 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
$114,535
Tax year 2022
Assessed value
$984,400
Assessed 2023
Previous assessed
$984,400
+0.0% YoY
Effective rate
11.64%
On assessed value
Assessed land
$63,300
Assessed improvement
$921,100
Land market value
$63,300
Improvement market value
$921,100
Total market value
$984,400
Applied tax rate
4.0000
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
2004
Heating
NONE
Units
1
Total area
21,996 SF
Lot
2.1 ac (91,600 SF)
Zoning code
OP2
APN
04 00087- 31-00014- 08
UPID
US59-0276886
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP2 · East Brunswick, NJ
Zoning OP2 · permitted uses
OP2 · East Brunswick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Brunswick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Units
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
465cranrd LLC
Entity
Mailing address
399 MONMOUTH ST, EAST WINDSOR, NJ 08520-5003
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
—
465cranrd LLC
—
Deed
related
$2,100,000 · Manasquan Bank
Jul 3, 2023
$3,600,000
465cranrd LLC
Gordon Cranbury Mab Associates LLC
Deed
—
Jul 21, 2016
—
Gordon Cranburg Mab Assocs
—
Deed
related
$3,100,000 · Columbia Bk
—
—
Gordon Cranburg Mab Assocs
—
Deed Of Trust
related
$3,100,000 · Columbia Bk
—
—
Gordon Cranbury Mab Assocs LLC
—
Deed Of Trust
related
$3,800,000 · Columbia Bk
—
—
Gordon Cranbury Mab Assocs LLC
—
Deed Of Trust
related
$3,700,000 · Sovereign Bank
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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