New search
Property profile & analytics
OFF-MARKET
Estimated value
$10,925,000
Office buildings
9 Ctr Dr, Monroe Township, NJ 08831-5153
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1401078
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
26,300 SF
Lot
2.88 ac (125,322 SF)
APN
12 00057- 1-00008
UPID
US59-1401078
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
$11.16M
CAP Approach
CAP
$6.61M
Comparable Approach
Comparable
$9.33M
Blend (final)
Blend
$10.93M
Owner & transaction history
Doc 9 Centre Drive Mob LLC · 4 yrs held
Doc 9 Centre Drive Mob LLC
since 2021
Last sale
$11.4M
6 recorded transactions
Zoning & alternative use
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 Monroe Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe Township 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
$14,660,000
ML approach
$11,160,000
CAP Approach
CAP Return
Estimation
6%
$7,155,000
6.5%
$6,605,000
7%
$6,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,190,000
Current use
Blend value · Realmo final
$10.93M
Range $9.83M – $12.02M · ±10% · vs last sale $11.40M (Oct 1 2021)
Last sale anchor
$11.40M
Oct 1 2021
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
$415 / 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
$149,045
Tax year 2022
Assessed value
$5,437,600
Assessed 2023
Previous assessed
$5,437,600
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$2,160,000
Assessed improvement
$3,277,600
Land market value
$2,160,000
Improvement market value
$3,277,600
Total market value
$5,437,600
Applied tax rate
12.0000
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
Off-Market
Heating
NONE
Stories
1
Total area
26,300 SF
Lot
2.88 ac (125,322 SF)
APN
12 00057- 1-00008
UPID
US59-1401078
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
OFFICE BUILDING Current
Est. value
$7.2M
OFFICE BUILDING Current
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
Heating
NONE
Stories
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
Doc 9 Centre Drive Mob LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$11,400,000
Doc 9 Centre Drive Mob LLC
Forsgate Mob LLC
Deed
—
Jan 22, 2020
$8,250,000
Forsgate Mob LLC
Forsgate Medical Building Associate
Bargain And Sale Deed
$5,500,000 · M & T Bank
Apr 11, 2018
—
Forsgate Medical Bldg Assocs L
—
Deed
related
$3,000,000 · Branch Bk&tr
—
—
Forsgate Medical Bldg Assoc
—
Deed Of Trust
related
$3,500,000 · Bank Of America California NA
—
—
Forsgate Medical Building Assn
—
Deed Of Trust
related
$3,500,000 · Wachovia Bk/sc
—
—
Forsgate Medical Bldg Assocs L
—
Deed Of Trust
related
$3,000,000 · Branch Bk&tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9 Ctr Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
