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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Residential income homes
500 Grace Hl Rd Monroe Township, NJ 08831-2935
Individually Owned
5-yr Hold
Property ID
US59-0651508
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1902
Construction
BRICK
Total area
2,072 SF
Lot
0.86 ac (37,675 SF)
APN
12 00062- 6-00001- 8
UPID
US59-0651508
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$590k
Owner & transaction history
Joseph A Crimi · 5 yrs held
Joseph A Crimi
since 2021
Last sale
$457,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$565,000
+11.0%
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 Monroe Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe Township 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
$550,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$510,000
Current use
OFFICE BUILDING
$565,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$480,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $457k (Jun 9 2021)
Last sale anchor
$457k
Jun 9 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
$285 / 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
$9,975
Tax year 2022
Assessed value
$363,900
Assessed 2023
Previous assessed
$363,900
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$182,700
Assessed improvement
$181,200
Land market value
$182,700
Improvement market value
$181,200
Total market value
$363,900
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1902
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
2,072 SF
Lot
0.86 ac (37,675 SF)
APN
12 00062- 6-00001- 8
UPID
US59-0651508
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$510,000
OFFICE BUILDING
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (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
1902
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Joseph A Crimi
Individual
Mailing address
500 GRACE HL RD, MONROE TOWNSHIP, NJ 08831-2935
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
$457,000
Joseph A Crimi
Walker Homes LLC
Deed
$371,998 · Freedom Mortgage Corp
Aug 29, 2019
$226,000
Walker Homes LLC
Carlsbad Fndg Mtg Trust
Grant Deed
—
May 23, 2019
—
Carisbad Funding Mortgage Trust
Sheriff Of Middlesex County|andrews,patricia & Bru
Trustees Deed
related
—
Aug 30, 2005
—
Andrews,patricia & Bruce
Andrews,paula
Quit Claim Deed
related
$315,400 · Ameriquest Mtg
—
—
Andrews,patricia & Bruce
—
Deed Of Trust
related
$46,000 · Cascade Land Hm Financing
—
—
Andrews,patricia & Bruce
—
Deed Of Trust
related
$368,000 · Cascade Land Hm Financing
—
—
Andrews,bruce & Patricia
—
Deed Of Trust
related
$370,000 · Countrywide 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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