244 State Rte 18East Brunswick, NJ 08816

  • Motels
  • 43,780 SF
Off market

Property Details for 244 State Rte 18

Year built
2002
Lot size
8.89 AC
Property size (Sq ft)
43,780 SF
Zone code
HC2
Property type
Motels
APN
04 00833-0000-00023- 01
APU
40083300000002301

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,054,410
    6.5%
    $5,588,690
    7%
    $5,189,500
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,862,250
    Geo Method
    $4,862,250
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $14,907,900
    Retail / Commercial
    $7,644,720
    Mixed-Use / Specialty
    $7,617,460
    Office
    $7,572,210
    Institutional / Educational
    $7,919,090
    Residential Income
    $9,265,340
    Multifamily
    $11,112,300
    Automotive / Energy
    $6,787,790
    Parking / Income-Based Land
    $2,342,380
    Restaurant / Food Service
    $3,961,900
    Healthcare / Senior Housing
    $7,811,570

Location Insight

City
East Brunswick
County
Middlesex
State
New Jersey
Latitude
40.465
Longitude
-74.4031
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
2022
$303,674
$754,800
$1,855,200
$2,610,000
-
$754,800
$1,855,200
$2,610,000

FAQs

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