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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Commercial real estate
56 Main St 58 South River, NJ 08882-1261
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-1076109
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1936
Total area
18,576 SF
Lot
0.21 ac (9,000 SF)
APN
23 00161-0000-00012
UPID
US59-1076109
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
-
Stone Motors Motorcycle Shop
-
Plaza Mobile Electronics & Wireless Store
-
Planet Wireless And Repairs Mobile Phone Store Electronics & Wireless Store
-
Vigo Bank Credit Union
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.73M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$3.77M
Owner & transaction history
56 58 Main St SR LLC · 3 yrs held
56 58 Main St SR LLC
since 2022
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.1M
+57.0%
Apartment house (5+ units)
$4.6M
+41.5%
Industrial (general)
$4.1M
+27.9%
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 South River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South River 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
$3,630,000
ML approach
$3,725,000
CAP Approach
CAP Return
Estimation
6%
$2,680,000
6.5%
$2,475,000
7%
$2,295,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,235,000
Current use
OFFICE BUILDING
$5,080,000
Change: +57% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,575,000
Change: +42% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,135,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±10% · vs last sale $4.00M (Jul 11 2022)
Last sale anchor
$4.00M
Jul 11 2022
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
$203 / 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
$45,064
Tax year 2022
Assessed value
$1,856,000
Assessed 2023
Previous assessed
$1,856,000
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$115,000
Assessed improvement
$1,741,000
Land market value
$115,000
Improvement market value
$1,741,000
Total market value
$1,856,000
Applied tax rate
23.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1936
Heating
NONE
Total area
18,576 SF
Lot
0.21 ac (9,000 SF)
APN
23 00161-0000-00012
UPID
US59-1076109
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
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1936
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
56 58 Main St SR LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3 STA RD #3, SPARTA, NJ 07871-3619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
—
56 58 Main St SR LLC
56 58 Main St Realty LLC
Re-recorded Document
related
—
Jul 11, 2022
$4,000,000
56 58 Main St SR LLC
56 58 Main St Realty LLC
Deed
$2,800,000 · Peoples Security Bank & Trust Compa
Feb 15, 2017
$2,500,000
56-58 Main Street Realty LLC
John 660 Grand LLC
Grant Deed
$1,700,000 · Polish & Slavic FCU
Jun 21, 2013
$1,980,000
John 660 Grand LLC
K & K Newark LLC
Grant Deed
—
May 5, 2005
$1,675,000
K & K Newark LLC
Lanza,maria C
Grant Deed
$1,256,000 · Astoria Fed'l Mtg
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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