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Property profile & analytics
OFF-MARKET
Estimated value
$9,565,000
Industrial properties
100 Commerce Ave Freehold, NJ 07728-9380
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2114648
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Total area
38,946 SF
Lot
5.18 ac (225,641 SF)
Zoning code
LI-3
APN
17 00042-0000-00026- 011
UPID
US59-2114648
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.07M
CAP Approach
CAP
$5.75M
Comparable Approach
Comparable
$8.65M
Blend (final)
Blend
$9.57M
Owner & transaction history
New Roc Nj Holdings LLC · 3 yrs held
New Roc Nj Holdings LLC
since 2022
Last sale
$9.6M
7 recorded transactions
Zoning & alternative use
LI-3 · Freehold, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.3M
+28.2%
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 Freehold submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freehold 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
$10,015,000
ML approach
$10,065,000
CAP Approach
CAP Return
Estimation
6%
$6,220,000
6.5%
$5,745,000
7%
$5,335,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,025,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,295,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,950,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$7,045,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.57M
Range $8.61M – $10.52M · ±10% · vs last sale $9.55M (Sep 26 2022)
Last sale anchor
$9.55M
Sep 26 2022
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
$246 / 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
$87,912
Tax year 2022
Assessed value
$4,994,800
Assessed 2023
Previous assessed
$4,994,800
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$828,800
Assessed improvement
$4,166,000
Land market value
$828,800
Improvement market value
$4,166,000
Total market value
$4,994,800
Applied tax rate
17.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
1
Total area
38,946 SF
Lot
5.18 ac (225,641 SF)
Zoning code
LI-3
APN
17 00042-0000-00026- 011
UPID
US59-2114648
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI-3 · Freehold, NJ
Zoning LI-3 · permitted uses
LI-3 · Freehold, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freehold. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1970
Heating
NONE
Buildings
1
Lot
5.18 ac
Current owner
From public records · entity-resolved
New Roc Nj Holdings LLC
Entity
Mailing address
31 LIME KILN RD, SUFFERN, NY 10901-2418
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2023
—
New Roc Nj Holdings LLC
—
Deed
related
$4,023,000 · Trenton Business Assistance Corporation
Sep 26, 2022
$9,550,000
New Roc Nj Holdings LLC
Commerce Freehold Holdings LLC
Deed
$4,894,500 · Bank Five Nine
Jul 26, 2021
$5,100,000
Commerce Freehold Holdings LLC
Pas Properties LLC
Deed
$4,335,000 · First Commerce Bank
Aug 5, 2016
—
Pas Properties LLC
—
Deed
related
$2,750,000 · Peapack Gladstone Bk
Sep 25, 2008
—
Dbd LLC
Dbd LLC
Quit Claim Deed
related
—
Jul 30, 2007
—
Pas Properties LLC
—
Trustees Deed
related
$1,700,000 · Commerce Bank NA
—
—
Pas Properties LLC
—
Deed Of Trust
related
$250,000 · Td Bank NA
—
—
Pas Properties LLC
—
Deed Of Trust
related
$2,700,000 · Commerce Bank NA
—
—
Pas Properties LLC
—
Deed Of Trust
related
$250,000 · Commerce Bank NA
—
—
Pas Properties LLC
—
Deed Of Trust
related
$50,000 · Peapack Gladstone Bk
—
—
Pas Properties LLC
—
Deed Of Trust
related
$2,750,000 · Peapack Gladstone Bk
—
—
Pas Properties LLC
—
Deed Of Trust
related
$2,700,000 · Td Bank NA
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.
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