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Property profile & analytics
OFF-MARKET
Office Spaces
56 Un Ave Somerville, NJ 08876-2000
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-3142968
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Zoning code
B-4
APN
18 00040- 01-00003
UPID
US59-3142968
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Abdel Megid Union Ave Properties Ll · 6 yrs held
Abdel Megid Union Ave Properties Ll
since 2020
Last sale
$405,000
4 recorded transactions
Zoning & alternative use
B-4 · Somerville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
or Citizen Housing District. § 102-104 PO-R Professional Office-Residential District. § 102-105 B-1 Central Business District. § 102-106 B-2 Central Business District. § 102-107 B-3 Business Services District. § 102-108 B-4 Neighborhood Business - Residential District. § 102-109 B-5 Highway Business District. § 102-110 B-6 Shopping Center Business District.…
Zone name
Neighborhood Business And Residential District
General category
COMMERCIAL
Zone area
27.39 ac
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 Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,486
Tax year 2022
Assessed value
$278,800
Assessed 2023
Previous assessed
$278,800
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$150,000
Assessed improvement
$128,800
Land market value
$150,000
Improvement market value
$128,800
Total market value
$278,800
Applied tax rate
18.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Stories
1
Units
1
Zoning code
B-4
APN
18 00040- 01-00003
UPID
US59-3142968
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-4 · Somerville, NJZoning B-4 · permitted uses
B-4 · Somerville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
or Citizen Housing District. § 102-104 PO-R Professional Office-Residential District. § 102-105 B-1 Central Business District. § 102-106 B-2 Central Business District. § 102-107 B-3 Business Services District. § 102-108 B-4 Neighborhood Business - Residential District. § 102-109 B-5 Highway Business District. § 102-110 B-6 Shopping Center Business District. § 102-111 I-1 Industrial District. § 102-112 I-2 Industrial District. § 102-113 CG
Zone name
Neighborhood Business And Residential District
General category
COMMERCIAL
Zone area
27.39 ac
Building & site characteristics
From public records
Heating
NONE
Stories
1
Units
1
Current owner
From public records · entity-resolved
Abdel Megid Union Ave Properties Ll
Entity
Mailing address
56 UN AVE, SOMERVILLE, NJ 08876-2000
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2020
$405,000
Abdel Megid Union Ave Properties Ll
Central Jersey Children Health LLC
Deed
$800,000 · Jpmorgan Chase Bank NA
Jul 26, 2006
$426,000
Central Jersey Children Health
Fenster,gerald F
Grant Deed
—
Jul 26, 2006
$10
Kenneth N Kunzman
Kunzman,kenneth N
Grant Deed
related
—
Jul 19, 2006
$10
Kenneth N Kunzman
Kunzman & Fenster Realty LLC
Grant Deed
related
—
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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