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Property profile & analytics
FOR LEASE
Office buildings
530 Green St, Iselin, NJ 08830
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1480968
For Lease
1 / 3
$5,105,000
530 Green St, Iselin, NJ 08830
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
19,647 SF
Lot
0.62 ac (27,060 SF)
Zoning code
B-3
APN
25 00404- 07-00001
UPID
US59-1480968
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
-
Dr. Babar Mirza, MD Physician
-
Hematology & Oncology Cancer Care Center Physician
-
HOC Drip Medical Clinic
-
Figen Altunkaya Pediatrician Medical Clinic
-
Dr. Nayla Mumneh Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.65M
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$5.11M
Owner & transaction history
Tk Real Estate 7 LLC · 6 yrs held
Tk Real Estate 7 LLC
since 2020
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
B-3 · Iselin, NJ
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
$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
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
Blend value · Realmo final
$5.11M
Range $4.59M – $5.62M · ±10% · vs last sale $5.00M (Jan 21 2020)
Last sale anchor
$5.00M
Jan 21 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
$260 / 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
$76,717
Tax year 2022
Assessed value
$667,800
Assessed 2023
Previous assessed
$667,800
+0.0% YoY
Effective rate
11.49%
On assessed value
Assessed land
$61,400
Assessed improvement
$606,400
Land market value
$61,400
Improvement market value
$606,400
Total market value
$667,800
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
For Lease
Year built
2003
Heating
NONE
Units
1
Total area
19,647 SF
Lot
0.62 ac (27,060 SF)
Zoning code
B-3
APN
25 00404- 07-00001
UPID
US59-1480968
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Iselin, NJ
Zoning B-3 · permitted uses
B-3 · Iselin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Iselin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
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
2003
Heating
NONE
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Tk Real Estate 7 LLC
Entity
Mailing address
2110 OAK TREE RD, EDISON, NJ 08820-1404
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2020
$5,000,000
Tk Real Estate 7 LLC
Tri Paarty Real Estate Holdings LLC
Deed
$3,375,000 · Unity Bank
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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