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Property profile & analytics
OFF-MARKET
Estimated value
$15,855,000
Commercial real estate
1 Phyllis St Hazlet, NJ 07730-1026
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0925982
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2019
Total area
94,456 SF
Lot
2 ac (86,998 SF)
Zoning code
I-A1
APN
18 00195- 03-00002
UPID
US59-0925982
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.62M
Comparable Approach
Comparable
$16.59M
Blend (final)
Blend
$15.86M
Owner & transaction history
Hampshire Dream Team Hazlet Ll · 9 yrs held
Hampshire Dream Team Hazlet Ll
since 2017
2 recorded transactions
Zoning & alternative use
I-A1 · Hazlet, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$25.0M
+10.3%
Office building
$23.3M
+2.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hazlet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hazlet submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,255,000
6.5%
$19,620,000
7%
$18,215,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,625,000
Current use
APARTMENT HOUSE (5+ UNITS)
$24,965,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$23,285,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$19,465,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$15.86M
Range $14.27M – $17.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$156,344
Tax year 2022
Assessed value
$6,587,400
Assessed 2023
Previous assessed
$6,587,400
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$937,400
Assessed improvement
$5,650,000
Land market value
$937,400
Improvement market value
$5,650,000
Total market value
$6,587,400
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
1
Total area
94,456 SF
Lot
2 ac (86,998 SF)
Zoning code
I-A1
APN
18 00195- 03-00002
UPID
US59-0925982
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-A1 · Hazlet, NJ
Zoning I-A1 · permitted uses
I-A1 · Hazlet, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hazlet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$22.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.0M
OFFICE BUILDING
Est. value
$23.3M
INDUSTRIAL (GENERAL)
Est. value
$19.5M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Buildings
1
Lot
2 ac
Current owner
From public records · entity-resolved
Hampshire Dream Team Hazlet Ll
Individual
Mailing address
6890 S 2300TH E UNIT #71870, SALT LAKE CITY, UT 84171-6033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2017
—
Hampshire Dream Team Hazlet Ll
—
Grant Deed
related
$7,507,500 · Malvern Fsb
—
—
Douglas Frank
—
Deed Of Trust
related
$590,000 · Advantage Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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