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    Property profile & analytics

    783 Prt Reading Ave Port Reading, NJ 07064-1120

    • Commercial real estate
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US59-1601427
    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

    • Porter Family Roofing / Roofing Contractor
    • Ria Money Transfer - Haris Groceries Inc / Money Order Service / Money Transfer Service
    • A1 Driving School / Driving School

    Property Details for 783 Prt Reading Ave

    Year built
    1950
    Lot size
    0.11 lot acres
    Zone code
    B-1
    Property type
    Commercial real estate
    APN
    25 01079- 06-00009
    APU
    25010790600009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $215,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $210,000
      Mixed-Use
      $235,000
      Hospitality
      $185,000
      Educational
      $230,000
      Residential Income
      $195,000
      Energy
      $235,000
      Income-Based Land
      $190,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Port Reading
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2368
    Latitude
    40.5705
    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
    2023
    $7,386
    $20,000
    $37,100
    $57,100
    -
    $20,000
    $37,100
    $57,100

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      933 Prt Reading Ave

      COMMERCIAL (GENERAL) • 0.35 Acres
      933 Prt Reading Ave, Port Reading, NJ 07064-1000
      View Details
    • Value Estimation
      $370,000
      0.41 Acres

      875 Prt Reading Ave

      COMMERCIAL (GENERAL) • 0.41 Acres
      875 Prt Reading Ave, Port Reading, NJ 07064-1048
      View Details
    • Value Estimation by Request

      21 2nd Ave

      COMMERCIAL (GENERAL)
      21 2nd Ave, Port Reading, NJ 07064-1900
      View Details
    • Value Estimation
      $610,000
      2,893 SF

      454 Prt Reading Ave

      COMMERCIAL (GENERAL) • 2,893 SF
      454 Prt Reading Ave, Port Reading, NJ 07064-1710
      View Details
    • Value Estimation by Request
      0.41 Acres

      917 Prt Reading Ave

      COMMERCIAL (GENERAL) • 0.41 Acres
      917 Prt Reading Ave, Port Reading, NJ 07064-1036
      View Details
    • Value Estimation by Request
      0.13 Acres

      479 Prt Reading Ave

      COMMERCIAL (GENERAL) • 0.13 Acres
      479 Prt Reading Ave, Port Reading, NJ 07064-1717
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo

      Renovated 3-Bedroom Rental Unit

      Spacious, renovated 3-bedroom rental with finished basement and parking.
      895 Port Reading Ave, Port Reading, NJ 07064
      View Details
    • $3,400 /Mo

      Renovated 3-Bedroom Rental

      Spacious, renovated 3-bedroom rental with finished basement and parking.
      897 Port Reading Ave, Port Reading, NJ 07064
      View Details
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    783 Prt Reading Ave
    Port Reading, NJ 07064-1120
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    Realmo Value Estimation

    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.

    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.

    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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