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    2501 Us-9 Howell Township, NJ 07731

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    2501 Us-9 Howell Township, NJ 07731

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    • Retail properties & Spaces
    • 33,700 SF
    • 3.68 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2501 Us-9

    Lot size
    3.68 lot acres
    Property size
    33,700 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Verdana Commons offers a prime retail investment opportunity in Monmouth County. This 33,700 square foot multi-tenant property sits on 3.68 acres of land and boasts 127 parking spaces. Strategically located at a signalized intersection on Route 9 North, the property benefits from high visibility and significant daily traffic counts of 40,556 vehicles. This advantageous location allows businesses to capitalize on the morning commuter traffic heading north. The property's proximity to Interstate 195 (less than one mile) further enhances accessibility and reach. Several restaurant pad sites are available, including options with drive-thru capabilities. The area north of Interstate 195 presents limited retail and restaurant competition, creating a unique opportunity for new businesses to establish a strong market presence. Furthermore, Verdana Commons is conveniently situated near the entrance to several large residential developments, providing a readily available customer base. Currently, four spaces are available, ranging in size from 2,300 to 18,676 square feet, offering flexibility for various business needs. This property presents a compelling investment opportunity for businesses seeking high visibility, convenient access, and a strong potential customer base in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Howell Township
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2388
    Latitude
    40.1768

    Comparable in this City

    • Value Estimation by Request

      Howell Township, NJ 07731

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      5001 Us-9

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      5001 Us-9, Howell Township, NJ 07731
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      127,722 SF

      4075 Us-9

      Restaurants • 127,722 SF
      4075 Us-9, Howell Township, NJ 07731
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      4.03 Acres

      4204 Us-9

      Retail properties & Spaces • 4.03 Acres
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      17,964 SF

      5313 Us-9

      Power centers • 17,964 SF
      5313 Us-9, Howell Township, NJ 07731
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      17,500 SF

      2301 Us-9

      Land • 17,500 SF
      2301 Us-9, Howell Township, NJ 07731
      View Details

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    Similar Nearby for Lease

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      Commercial Land For Lease

      Commercial land available for lease in Howell Township, NJ.
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      Retail and Pad Sites Available

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      1,300 SF

      Retail Building with Drive-Thru

      Two-story, 3,800 SF building with drive-thru on Route 9.
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      Howell Office Building For Rent

      Office building in Howell, NJ available for lease.
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      Howell Office Space For Rent

      Office space available for lease in Howell, New Jersey.
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    2501 Us-9
    Howell Township, NJ 07731
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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
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