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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Office buildings
517 Us Hwy 1st S Iselin, NJ 08830-3023
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1636206
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
8,828 SF
Lot
5.97 ac (260,053 SF)
APN
25 00369-0000-00100- 021
UPID
US59-1636206
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
by Request
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$2.70M
Owner & transaction history
Baycrest Woodbridge Assocs LLC · 7 yrs held
Baycrest Woodbridge Assocs LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Iselin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Iselin 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,400,000
6.5%
$2,215,000
7%
$2,060,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,415,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,175,000
Change: -10% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,980,000
Change: -18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,965,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10%
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
$305 / 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
$516,859
Tax year 2022
Assessed value
$4,270,000
Assessed 2023
Previous assessed
$4,270,000
+0.0% YoY
Effective rate
12.10%
On assessed value
Assessed land
$1,194,000
Assessed improvement
$3,076,000
Land market value
$1,194,000
Improvement market value
$3,076,000
Total market value
$4,270,000
Applied tax rate
25.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Stories
5
Units
1
Total area
8,828 SF
Lot
5.97 ac (260,053 SF)
APN
25 00369-0000-00100- 021
UPID
US59-1636206
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
OFFICE BUILDING Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1987
Heating
NONE
Stories
5
Units
1
Lot
5.97 ac
Current owner
From public records · entity-resolved
Baycrest Woodbridge Assocs LLC
Entity
Mailing address
4403 15TH AVE #245, BROOKLYN, NY 11219-1604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
—
Ld Acquisition Company 17 LLC
—
Deed
related
$219,658,000 · Wilmington Trust NA
Dec 16, 2019
—
Ld Acquistion Co 17 LLC
—
Grant Deed
related
$125,000,000 · Legacy Bk/tx
Jun 14, 2019
—
Baycrest Woodbridge Assocs LLC
Woodbridge Place Assocs II LLC
Correction Deed
related
$18,300,000 · Investors Bank
Oct 6, 2017
$22,000,000
Baycrest Woodbridge Assocs L
Woodbridge Place Assocs II LLC
Trustees Deed
related
$14,950,000 · Td Bk NA
Jun 27, 2016
—
Woodbridge Place Assocs II LLC
—
Deed
related
$18,500,000 · Provident Bk
Apr 5, 2012
—
Woodbridge Restaurant Urban
—
Deed Of Trust
related
$7,000,000 · Provident Savings Bank
Jan 6, 2011
—
Real Estate C Subway
Subway Real Estate C & Woodbri
Quit Claim Deed
related
—
Dec 30, 2009
—
Woodbridge Place Assocs II LLC
—
Grant Deed
related
$2,525,000 · Provident Bk Fed'l Svgs Assn
Feb 7, 2008
—
Woodbridge Place Assocs II LLC
—
Grant Deed
related
$16,250,000 · Provident Bk Fed'l Svgs Assn
Dec 5, 2007
—
Woodbridge Place Assocs II LLC
Woodbridge Place Assocs LLC
Quit Claim Deed
related
—
—
—
Woodbridge Place Assocs II LLC
—
Deed Of Trust
related
$2,050,000 · Provident Savings Bank
—
—
Woodbridge Restaurant Urban Re
—
Deed Of Trust
related
$3,000,000 · Provident Bk
—
—
Woodbridge Place Assocs II LLC
—
Loan Modification
related
$18,500,000 · Provident Bk
—
—
Bridgepointe Office Holdings L
—
Deed Of Trust
related
$495,000 · Randy Csik
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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