Entity Owned Property summary
AI-generated overview
The property is a commercial office building totaling approximately 21,000 square feet, located in Iselin, New Jersey.
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
Current use
Occupant on record · Public records
-
Physician
-
Physician
-
Medical Clinic
-
Pediatrician Medical Clinic
-
Physician Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.65M
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$6.24M
Owner & transaction history
since 2020
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
B-3 · Iselin, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.24M
Value range
$5.61M – $6.86M
±10% around blend
Estimated value / SF
$317 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
50
$5.61M
blend $6.24M
$6.86M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,647 SF
Lot area
0.62 ac
Year built
2003
APN
25 00404- 07-00001
Zoning
B-3
Assessed value
$667,800
Annual tax
$76,717
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.94M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.35M
@ 6.5% CAP return
$4.94M
@ 7% CAP return
$4.58M
4
Sales comparison
Partial preview
Sales approach indication
$28.17M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
19.3 mi away · 16,298 SF
19.7 mi away · 15,026 SF
20.6 mi away · 15,040 SF
21.5 mi away · 21,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.24M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 176 sales
$273
+16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $317/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
5.10%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.10%
9.0%
NOI (est.)
$350k *
Last sale · Jan 2020
$5.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.86M
Move the market yield to see immediate price impact.
Value / SF
$349
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.60%5.10%5.60%
$315k
$6.85M
$6.18M
$5.63M
$350k
$7.61M
$6.86M
$6.25M
$385k
$8.37M
$7.55M
$6.88M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$43.70M
19.2 mi · Jan 2026 · $2,710/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
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, NJZoning B-3 · permitted uses
B-3 · Iselin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Units
1
Lot
0.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-3
Jurisdiction
Iselin, NJ
Recorded code
B-3
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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