Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Ramtown Greenville Rd Howell, NJ 07731

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Ramtown Greenville Rd

    Property type
    Commercial real estate

    Description

    This thriving pizzeria presents a fantastic business opportunity in Howell, NJ. Located within a busy strip mall boasting ample parking, this established restaurant enjoys a prime location serving the surrounding communities of Brick, Howell, Wall, and Lakewood. The business benefits from significant foot traffic and a strong customer base built over time, making it an attractive investment for an experienced restaurateur or a savvy entrepreneur looking to enter the food service industry. The sale includes the established pizzeria business, not the building itself. The current setup is ready to operate, minimizing the need for extensive renovations or upgrades. This turnkey operation offers immediate revenue potential and the chance to build upon an existing successful model. The property's location within a bustling strip mall ensures high visibility and accessibility for customers. The surrounding area is densely populated, providing a large potential customer base. This is a rare opportunity to acquire a profitable, established business with significant growth potential. Serious inquiries only. Financial details will be provided upon request and after a non-disclosure agreement is signed. The asking price is $69,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Howell
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.144
    Latitude
    40.1208

    Comparable in this City

    • Value Estimation by Request
      2,950 SF

      Rd

      Commercial real estate • 2,950 SF
      Rd, Howell, NJ 07731
      View Details
    • Value Estimation
      $310,000
      4.96 Acres

      4862 Us Hwy 9th, Unit 4870

      COMMERCIAL (GENERAL) • 4.96 Acres
      4862 Us Hwy 9th, Howell, NJ 07731-3786
      View Details
    • Value Estimation
      $180,000
      12.91 Acres

      6750 Us Hwy 9th, Unit 6798

      COMMERCIAL (GENERAL) • 12.91 Acres
      6750 Us Hwy 9th, Howell, NJ 07731-3361
      View Details
    • Value Estimation
      $230,000
      28.99 Acres

      4502 Us Hwy 9th, Unit 94

      COMMERCIAL (GENERAL) • 28.99 Acres
      4502 Us Hwy 9th, Howell, NJ 07731-3771
      View Details
    • Value Estimation by Request

      Us Hwy 9th 9

      COMMERCIAL (GENERAL)
      Us Hwy 9th 9, Howell, NJ 07731
      View Details
    • Value Estimation
      $395,000
      1.60 Acres

      Us Hwy 9th 9

      COMMERCIAL (GENERAL) • 1.60 Acres
      Us Hwy 9th 9, Howell, NJ 07731
      View Details

    Similar Nearby for Sale

    • $495,000
      0.37 Acres

      Howell Medical Office Building

      Prime Howell location, 1640 sq ft.
      3701 Us Highway 9, Howell, NJ 07731
      View Details
    • $550,000
      2,950 SF

      Howell Commercial Building - Great Investment

      Renovated 2-story building, high visibility, 2950 sq ft.
      Rd, Howell, NJ 07731
      View Details
    • $550,000
      1.10 Acres

      Howell, NJ Commercial Land

      1.1 acres of commercial land in Howell, New Jersey.
      465 Lakewood Farmingdale Rd, Howell, NJ 07731
      View Details
    • $500,000

      Land For Sale

      Lot available; buyer to verify potential uses.
      1070 Maxim Southard Rd, Howell, NJ 07731
      View Details
    • $150,000

      8.3 Acres Zoned ARE6

      8.3 acres of land near Route 9 and Highway 195.
      Georgia Tavern Rd, Howell, NJ 07731
      View Details
    • $649,000

      Wooded Lot For Sale

      9.28 acre wooded lot suitable for various uses.
      Sunnyside Rd, Howell, NJ 07731
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,969 SF

      Howell Township Retail Space For Lease

      Prime Howell location, 2,969 SF retail space.
      1990 Us-9, Howell Township, NJ 07731
      View Details
    • Contact for pricing
      2,500 SF

      Retail Building with Drive-Thru

      Two-story, 3,800 SF building with drive-thru on Route 9.
      4007 Us Highway 9, Howell, NJ 07731
      View Details
    • Contact for pricing
      1,000 SF

      High-Visibility Commercial Building on US Hwy 9

      1,000 SF commercial building on US Hwy 9 in Howell, NJ.
      3501 Us Highway 9, Howell, NJ 07731
      View Details
    • New
      Contact for pricing
      653,400 SF

      Equestrian Facility for Rent

      15-acre equestrian facility with barn, paddocks, riding ring, residence.
      919 Lakewood Farmingdale Rd, Howell, NJ 07731
      View Details
    • Contact for pricing
      33,700 SF

      Verdana Commons: Retail Opportunity

      High-traffic retail space, multiple units available.
      2501 Us-9, Howell Township, NJ 07731
      View Details
    • $27 SF/Yr
      1 SF

      Route 9 Howell Office Suites

      Newly renovated Howell offices, ample parking.
      3548 Us-9, Howell Township, NJ 07731
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Ramtown Greenville Rd
    Howell, NJ 07731
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.