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Property profile & analytics
OFF-MARKET
Estimated value
$3,780,000
Car washes
50 Seeley Ave, Piscataway, NJ 08854-4309
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-3092137
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1965
Total area
26,385 SF
Lot
4.9 ac (213,444 SF)
Zoning code
SC
APN
17 05501-0000-00010- 01
UPID
US59-3092137
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
-
Valet Auto Wash Piscataway Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.78M
Owner & transaction history
50 Seeley Road LLC · 5 yrs held
50 Seeley Road LLC
since 2020
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
SC · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.1M
+13.5%
Office building
$4.6M
+1.7%
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 Piscataway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piscataway 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
$4,240,000
ML approach
$4,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,500,000
Current use
MEDICAL BUILDING
$5,105,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$4,575,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$4,215,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.78M
Range $3.40M – $4.16M · ±10% · vs last sale $3.40M (Dec 8 2020)
Last sale anchor
$3.40M
Dec 8 2020
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
$143 / 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
$128,989
Tax year 2022
Assessed value
$6,340,300
Assessed 2023
Previous assessed
$6,340,300
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$3,920,000
Assessed improvement
$2,420,300
Land market value
$3,920,000
Improvement market value
$2,420,300
Total market value
$6,340,300
Applied tax rate
17.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1965
Heating
NONE
Total area
26,385 SF
Lot
4.9 ac (213,444 SF)
Zoning code
SC
APN
17 05501-0000-00010- 01
UPID
US59-3092137
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
SC · Piscataway, NJ
Zoning SC · permitted uses
SC · Piscataway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Piscataway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.2M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1965
Heating
NONE
Lot
4.9 ac
Current owner
From public records · entity-resolved
50 Seeley Road LLC
Entity
Mailing address
4569-4573 S BROAD STSTE2, HAMILTON, NJ 08620
Ownership since
2020
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
Jan 4, 2021
—
50 Seeley Road LLC
—
Deed
related
$9,135,000 · First Bank
Dec 8, 2020
—
50 Seeley Road LLC
30 Rene
Quit Claim Deed
related
—
Dec 11, 2018
$3,400,000
30 & 50 Seeley Road LLC
50 Broad Avenue Corp
Grant Deed
related
—
Jan 11, 2018
$3,400,000
30 & 50 Seeley Road LLC
50 Broad Avenue Corp
Grant Deed
—
Dec 11, 2017
—
50 Broad Avenue Corp
—
Deed
related
$3,750,000 · Metro City Bank
Oct 2, 2006
$4,000,000
50 Broad Avenue Corp
Fromm,jules B
Grant Deed
$4,257,500 · Shinhan Bk
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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