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    Property profile & analytics

    530 Green St Iselin, NJ 08830

    • Office buildings
    • 19,647 SF
    • 0.62 lot acres
    For Sale
    View listing
    Last Sale
    Jan 21, 2020
    $5,000,000
    Value Estimations
    Cap Rate Potential
    5.1%
    Office buildings
    Location Intelligence
    Property ID
    US59-1480968
    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

    • Dr. Babar Mirza, MD / Internist
    • Hematology & Oncology Cancer Care Center / Oncologist / Cancer Treatment Center
    • HOC Drip / Medical Clinic
    • Figen Altunkaya / Pediatrician
    • Dr. Nayla Mumneh / Allergist

    Property Details for 530 Green St

    Year built
    2003
    Lot size
    0.62 lot acres
    Property size
    19,647 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    25 00404- 07-00001
    APU
    25004040700001

    Description

    This exceptional Class A medical office building, located at 530 Green Street in Woodbridge Township, New Jersey (zip code 08830), presents a compelling investment opportunity. The 23,000 square foot, three-story building boasts a multi-tenant occupancy with four established tenants currently under long-term leases. The property enjoys excellent visibility and convenient access to major transportation arteries, including proximity to the Woodbridge Commuter Rail (1.4 miles), Avenel Commuter Rail (2.0 miles), Newark Airport (15.1 miles), Garden State Parkway (GSP), I-287, NJ Turnpike, and Routes 1 & 9. Ample parking is provided with 75 spaces on the 0.62-acre site. The building underwent renovations in 2003. This offering includes a significant bonus: a vacant 100x200 foot lot is also included in the purchase price, presenting additional development potential. The property's location near shops, banks, and restaurants further enhances its appeal and value. This is a fully occupied, stable investment with strong long-term prospects. Middlesex County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,235,000
      ML approach
      $5,645,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,345,000
      6.5%
      $4,935,000
      7%
      $4,580,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,815,000
      Market price range: $3.82M - $6.97M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,370,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,840,000
      Change: -10% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,405,000
      Change: -18% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $4,375,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Iselin
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2986
    Latitude
    40.5623
    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
    $76,717
    $61,400
    $606,400
    $667,800
    -
    $61,400
    $606,400
    $667,800

    Comparable in this City

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      2.50 Acres

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      OFFICE BUILDING • 2.50 Acres
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      View Details
    • Value Estimation by Request
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      101 Wood S Ave

      OFFICE BUILDING • 270,312 SF
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      265 State Rte 27

      OFFICE BUILDING
      265 State Rte 27, Iselin, NJ 08830-1620
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    • Value Estimation
      $375,000
      0.12 Acres

      895 Grn St

      OFFICE BUILDING • 0.12 Acres
      895 Grn St, Iselin, NJ 08830-2101
      View Details
    • Value Estimation
      $460,000
      1,844 SF

      1144 Grn St

      OFFICE BUILDING • 1,844 SF
      1144 Grn St, Iselin, NJ 08830-2036
      View Details
    • Value Estimation
      $395,000
      1,540 SF

      1211 Grn St

      OFFICE BUILDING • 1,540 SF
      1211 Grn St, Iselin, NJ 08830-2038
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,000 SF

      Iselin Office Building For Sale

      21,000 SF office building in Iselin, New Jersey.
      530 Green St, Iselin, NJ 08830
      View Details
    • Contact for pricing
      3,052 SF

      Iselin Commercial Property For Sale

      Commercial property in Iselin, NJ, with high road exposure.
      2 Austin Ave, Iselin, NJ 08830
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    • Contact for pricing
      4,142 SF

      Iselin Office Space Available

      First floor office suite available for immediate occupancy.
      1 Austin Ave, Iselin, NJ 08830
      View Details
    • $695,000
      1,800 SF

      Iselin Office Space Available

      Office space for sale in Iselin, New Jersey.
      260 Middlesex Tpke, Iselin, NJ 08830
      View Details
    • Contact for pricing
      4,142 SF

      Iselin Office Space Available

      Office space available for immediate occupancy in Iselin, New Jersey.
      1 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      4,142 SF

      Iselin Office Space Available

      Office space for sale in Iselin, immediate occupancy.
      1 Austin Ave, Iselin, NJ 08830
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,141 SF

      Nine-Story Office Building with Amenities

      255,000 square foot office building with parking and retail.
      111 S Wood Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      27,016 SF

      Class A Office Space Available

      Modern office building with amenities and convenient parking.
      194 S Wood Ave, Iselin, NJ 08830
      View Details
    • $43 SF/Yr
      31,121 SF

      Class A Office Space Available

      Prestigious Class A office building near Metropark train station.
      101 S Wood Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      759 SF

      Convenient Office Space Near Transit

      Office space with easy access to transportation and amenities.
      190 Middlesex Tpke, Iselin, NJ 08830
      View Details
    • $32 SF/Yr
      32,500 SF

      Iselin Office Space Available

      Available office space in Iselin, New Jersey.
      100 Wood Ave S, Iselin, NJ 08830
      View Details
    • $6 SF/Yr
      3,600 SF

      Iselin Executive Office Suite

      Move-in ready, 900 sq ft office space
      894 Grn St, Woodbridge Township, NJ 08830
      View Details
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    530 Green St
    Iselin, NJ 08830
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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