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    For Sale (13)

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    Prime Land in Morganville, NJ
    $85,000
    0.30 Acres

    Prime Land in Morganville, NJ

    High-visibility land parcel in a high-traffic commercial corridor.

    608 Texas Rd, Morganville, NJ 07751
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    Equestrian Estate with Development Potential
    $3,900,000
    5,428 SF

    Equestrian Estate with Development Potential

    33-acre Millstone property ideal for development or private estate.

    447 Stagecoach Rd, Millstone, NJ 08510
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    Manalapan Commercial Property on Route 33
    $1,200,000
    1,360 SF

    Manalapan Commercial Property on Route 33

    1.5-acre property with redevelopment potential and existing 2,900 SF building.

    320 State Route 33, Manalapan, NJ 07726
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    Land with Farmhouse in Morganville
    $450,000
    5.35 Acres

    Land with Farmhouse in Morganville

    5+ acre land with farmhouse and detached buildings in Morganville.

    254 Tennent Rd, Morganville, NJ 07751
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    Residential Lot Near the Water
    $125,000
    0.23 Acres

    Residential Lot Near the Water

    Rare 100 x 100 lot in desirable waterfront neighborhood.

    Hazelton Ave, Forked River, NJ 08731
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    Updated Two-Family Home in Jersey
    $600,000
    1,932 SF

    Updated Two-Family Home in Jersey

    Spacious, updated 2-family home in Jersey City's Greenville section.

    107 Bidwell Ave, Jersey City, NJ 07305
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    Farmingdale Land Investment Opportunity
    $2,500,000
    26.00 Acres

    Farmingdale Land Investment Opportunity

    26 acres in Farmingdale with residential and subdivision potential.

    255 Asbury Rd, Farmingdale, NJ 07727
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    33-Acre Farmingdale Land Parcel
    $3,000,000
    33.82 Acres

    33-Acre Farmingdale Land Parcel

    33-acre Farmingdale, NJ parcel with residential/agricultural zoning.

    51 Asbury Rd, Farmingdale, NJ 07727
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    Pristine Rural Land For Sale
    $3,000,000
    720 SF

    Pristine Rural Land For Sale

    28.62 acres with access to state parks and protected lands.

    Holman Ave, Toms River, NJ 08757
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    Versatile Commercial Space in Neptune
    Contact for pricing

    Versatile Commercial Space in Neptune

    Adaptable commercial property on a bustling street with high visibility.

    242 Neptune Blvd, Neptune, NJ 07753
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    33 Acres in Farmingdale, NJ
    $3,000,000
    1,491 SF

    33 Acres in Farmingdale, NJ

    33-acre parcel with residential/agricultural zoning in Farmingdale, NJ.

    51 Asbury Rd, Farmingdale, NJ 07727
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    Farmingdale Land Investment Opportunity
    $2,500,000
    1,878 SF

    Farmingdale Land Investment Opportunity

    26 acres in Farmingdale with development potential.

    255 Asbury Rd, Farmingdale, NJ 07727
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    Land Available on Asbury Road
    $3,000,000

    Land Available on Asbury Road

    Land for sale on Asbury Road in Farmingdale, NJ.

    51 Asbury Rd, Farmingdale, NJ 07727
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    • For Sale

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    Roman Balandin Realty LLC
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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
    Roman Balandin Realty LLC
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