Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    500 Grace Hl Rd Monroe Township, NJ 08831-2935

    • Residential income homes
    • 2,072 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    $550,000
    Last Sale
    Jun 09, 2021
    $457,000
    Location Intelligence
    Property ID
    US59-0651508
    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

    • Residential income homes

    Property Details for 500 Grace Hl Rd

    Year built
    1902
    Construction
    BRICK
    Lot size
    0.86 lot acres
    Property size
    2,072 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    12 00062- 6-00001- 8
    APU
    12000626000018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $590,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $435,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $425,000
      Mixed-Use
      $385,000
      Hospitality
      $465,000
      Educational
      $355,000
      Residential Income
      $340,000
      Energy
      $415,000
      Income-Based Land
      $450,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Monroe Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4053
    Latitude
    40.3424
    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
    $9,975
    $182,700
    $181,200
    $363,900
    -
    $182,700
    $181,200
    $363,900

    Comparable in this City

    • Value Estimation
      $1,060,000
      0.46 Acres

      8 Cherry St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.46 Acres
      8 Cherry St, Monroe Township, NJ 08831
      View Details
    • Value Estimation
      $410,000
      2,748 SF

      102 Jamesburg Half Acre Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,748 SF
      102 Jamesburg Half Acre Rd, Jamesburg, NJ 08831-1904
      View Details
    • Value Estimation
      $315,000
      1,909 SF

      5 Rues Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,909 SF
      5 Rues Ln, Monroe Township, NJ 08831-1627
      View Details
    • Value Estimation
      $2,425,000
      0.98 Acres

      19 Warren St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.98 Acres
      19 Warren St, Monroe Township, NJ 08831
      View Details
    • Value Estimation
      $405,000
      3,520 SF

      12 Jillian Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,520 SF
      12 Jillian Ct, Monroe Township, NJ 08831-8563
      View Details
    • Value Estimation
      $1,025,000
      0.34 Acres

      8 Vine St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.34 Acres
      8 Vine St, Jamesburg, NJ 08831
      View Details

    Similar Nearby for Sale

    • $244,000

      Rossmoor 55+ Community End Unit

      Two-bedroom end unit in a well-maintained 55+ community.
      343 Narragansett Ln, Monroe, NJ 08831
      View Details
    • $290,000

      Adult Community Second Floor Unit

      Well-equipped 55+ adult community with open floor plan.
      85 Winthrop Rd, Monroe, NJ 08831
      View Details
    • New
      $479,900
      Pending

      Greenbriar 55+ Community Home

      Two-bedroom home in Monroe's premier 55+ adult community.
      42 Gormley Ln, Monroe, NJ 08831
      View Details
    • $775,000
      3,608 SF

      Corner Lot Mixed-Use Property

      3,600 sq ft residence with commercial space and parking.
      375 Spotswood Englishtown Rd, Monroe, NJ 08831
      View Details
    • $389,900
      1,266 SF

      Clearbrook Home with FHA Mortgage

      Well-kept 3 bedroom home with assumable low-interest mortgage.
      109 Hemlock Plz, Monroe Township, NJ 08831
      View Details
    • $599,000
      2.00 Acres

      Prime Monroe Commercial Property

      2-Acre Multi-Use Commercial Land & Home
      Englishtown Rd, Monroe, NJ 08831
      View Details

    Similar Nearby for Lease

    • $0.04 SF/Yr
      6,202 SF

      Prime Highway 33 Office Space

      Executive Suites, Ample Parking, Two Units
      977 State Rte 33 Hwy, Monroe Township, NJ 08831
      View Details
    • Contact for pricing
      30,800 SF

      Route 33 Retail & Restaurant Opportunity

      High-traffic Monroe Twp, NJ location. New development potential.
      957 Nj-33, Monroe Township, NJ 08831
      View Details
    • $2,700 /Mo
      81,022 SF

      Renovated Office Space on Route 33

      Newly renovated office space with private restroom and ample parking.
      983 State Rte 33, Monroe, NJ 08831
      View Details
    • $15 SF/Yr

      New Mini-Warehouse Space Available

      Under construction mini-warehouse space for rent, delivery December 2025.
      7 Un Hl Rd, Monroe, NJ 08831
      View Details
    • Contact for pricing
      135,090 SF

      Concordia Shopping Center: Monroe Twp, NJ

      Retail Space Available: High-Traffic Monroe Location
      1600 Perrineville Rd, Monroe Township, NJ 08831
      View Details
    • $3 SF/Yr
      12,546 SF

      Prime Monroe Township Commercial Land

      1.9-acre lot, 1-story building, 5 parking spaces
      393 Davidsons Mill Rd, Monroe Township, NJ 08831
      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.
    500 Grace Hl Rd
    Monroe Township, NJ 08831-2935
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.