Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    273 Port Monmouth Rd Middletown, NJ 07748

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,350 /Mo

    Newly updated 2-bedroom rental with in-unit washer/dryer.

    We can help!

    Listing Contact
    Source: Elliman

    Listing Agency: O'Brien Realty, LLC

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated 2-Bedroom Rental in Middletown

    This is a newly updated 2-bedroom rental located in Middletown, NJ. The unit features freshly painted walls and new carpeting. For convenience, the property includes two dedicated parking spots and an in-unit washer/dryer. The rental is situated in a friendly, close-knit community. Tenant is responsible for electric and gas. Water and sewer are included.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.1177603
    Latitude
    40.4423164

    Nearby Similar for Lease

    • Contact for pricing
      2,816 SF

      Middletown Commercial Space For Rent

      Flexible commercial property in Middletown, suitable for various business ventures.
      150 Magnolia Ln, Middletown, NJ 07748
      View Details
    • $2,850 /Mo

      Middletown Medical/Professional Office Space

      1,550 SF medical/professional office space suitable for various practices.
      9 Leonardville Rd, Middletown, NJ 07748
      View Details
    • $675 /Mo

      Middletown Office Space For Rent

      Second floor office space with signage and parking available for rent.
      10 Tindall Rd, Middletown, NJ 07748
      View Details
    • Contact for pricing
      992 SF

      Retail Space in Middletown, NJ

      Retail space available in busy Middletown shopping center.
      754-848 State Route 35, Middletown, NJ 07748
      View Details
    • Contact for pricing
      1,524 SF

      Retail Space in High-Traffic Center

      Retail space available in a highly visible, busy shopping center.
      1365-1455 State Route 35, Middletown, NJ 07748
      View Details
    • Contact for pricing
      896 SF

      Retail Strip Center For Rent

      Retail strip center with proposed storage facility and renovations.
      663-673 Nj-35, Middletown, NJ
      View Details
    • Contact for pricing
      2,500 SF

      Retail, F&B, Medical Space

      Accessible location suitable for retail, food and beverage, medical.
      1830 St Rte, Middletown, NJ
      View Details
    • Contact for pricing
      2,250 SF

      Retail Space in Middletown, NJ

      Retail spaces available in Middletown, New Jersey shopping center.
      420 New Jersey 36, Middletown, NJ
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Middletown, NJ

      Retail space for lease in a neighborhood shopping center.
      1040-1178 Rte, Middletown, NJ
      View Details
    • Contact for pricing
      1,750 SF

      Middletown Retail Space For Lease

      Retail space available for lease in Middletown, New Jersey.
      1580 State Route 35, Middletown, NJ 07748
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Newly updated 2-bedroom rental with in-unit washer/dryer.
    Where is this multifamily property located?
    The property is located at 273 Port Monmouth Rd Middletown, NJ.
    What are key features of this property?
    This property features: - Newly updated with fresh paint and new carpeting.; - Includes in-unit washer/dryer.; - Two dedicated parking spots.
    (732) 229-3532
    Request Owner's contact information
    273 Port Monmouth Rd Middletown, NJ 07748
    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.
    273 Port Monmouth Rd
    Middletown, NJ 07748
    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
    273 Port Monmouth Rd Middletown, NJ 07748
    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

    We can help!
    Listing Contact
    (732) 229-3532
    Learn more
    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.