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    Listings

    For Sale (10)

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    Approved Subdivision Land For Sale
    $2,375,000
    12.04 Acres

    Approved Subdivision Land For Sale

    Approved 3-lot subdivision in premier Colts Neck location.

    249 Rte 537, Colts Neck, NJ 07722
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    Residential Land in Colts Neck
    $885,000
    2.24 Acres

    Residential Land in Colts Neck

    Over 2 acres of residential land ready for development.

    233-237 County Road 537, Colts Neck, NJ 07722
    View details
    Point Pleasant Beach Redevelopment Opportunity
    $1,350,000
    0.43 Acres

    Point Pleasant Beach Redevelopment Opportunity

    Residential and commercial redevelopment potential near the beach.

    1000 Richmond Ave, Point Pleasant Beach, NJ 08742
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    Redevelopment Opportunity Near Jersey Shore
    $1,350,000
    0.43 Acres

    Redevelopment Opportunity Near Jersey Shore

    Commercial and residential potential near the beach.

    1000 Richmond Ave, Point Pleasant Beach, NJ 08742
    View details
    Waterfront Land in Toms River
    $4,250,000
    3.41 Acres

    Waterfront Land in Toms River

    3.41 acre land with waterfront lots on Kettle Creek.

    226 Kettle Creek Rd, Toms River, NJ 08753
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    Highway Frontage Commercial Lot
    $375,000
    2.16 Acres

    Highway Frontage Commercial Lot

    Commercial lot with high visibility on Highway 35.

    2121 Hwy 35, Holmdel, NJ 07733
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    High-Visibility Holmdel Commercial Lot
    $375,000
    2.16 Acres

    High-Visibility Holmdel Commercial Lot

    Highway 35 frontage, 1.5 acres usable land.

    2121 Hwy, Holmdel, NJ 07733
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    Waterfront Subdivision Opportunity in Toms River
    $4,250,000

    Waterfront Subdivision Opportunity in Toms River

    Proposed 14-lot subdivision with waterfront access in Toms River, NJ.

    226 Kettle Creek Rd, Toms River, NJ 08753
    View details
    Newer Construction Retail Building
    $1,200,000

    Newer Construction Retail Building

    High-end retail building with excellent exposure and modern amenities.

    431 Mantoloking Rd, Brick, NJ 08723
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    Redevelopment Opportunity Near Jersey Shore
    $1,350,000

    Redevelopment Opportunity Near Jersey Shore

    Prime corner lot with commercial and residential potential near beach.

    1000 Richmond Ave, Point Pleasant Beach, NJ 08742
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    For Lease (4)

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    Renovated Office Space in Lincroft
    $2,400 / Mo
    1,342 SF

    Renovated Office Space in Lincroft

    Meticulously renovated 1,342 SF office space for rent in Lincroft.

    2 Majestic Ave, Lincroft, NJ 07738
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    Renovated Office Space For Lease
    Contact for pricing
    1,500 SF

    Renovated Office Space For Lease

    Renovated 1,500 sq ft office space in Old Bridge, NJ.

    2515 Highway 516, Old Bridge, NJ 08857
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    Renovated Office Space in Lincroft
    $2,600 / Mo
    1,342 SF

    Renovated Office Space in Lincroft

    Meticulously renovated 1,342 sq ft office space for rent.

    2 Majestic Ave, Lincroft, NJ 07738
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    Renovated Lincroft Office Space
    $2,400 / Mo
    1,342 SF

    Renovated Lincroft Office Space

    1342 sq ft office space in prime Lincroft location.

    2 Majestic Ave, Lincroft, NJ 07738
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Heritage House Sotheby's International Realty
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Heritage House Sotheby's International Realty
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