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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Industrial properties
1014 State Rte 33 Freehold, NJ 07728-8469
Entity Owned
7-yr Hold
Free & Clear
Property ID
US59-0617391
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
METAL FRAME
Total area
5,824 SF
Lot
18.92 ac (824,155 SF)
APN
21 00177-0000-00029- 01
UPID
US59-0617391
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
$525k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$685k
Owner & transaction history
Vlahos Properties LLC · 7 yrs held
Vlahos Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,055,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$118 / 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
$54,339
Tax year 2022
Assessed value
$2,706,400
Assessed 2023
Previous assessed
$2,706,400
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$916,700
Assessed improvement
$1,789,700
Land market value
$916,700
Improvement market value
$1,789,700
Total market value
$2,706,400
Applied tax rate
21.0000
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
2000
Construction
METAL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
5,824 SF
Lot
18.92 ac (824,155 SF)
APN
21 00177-0000-00029- 01
UPID
US59-0617391
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
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
2000
Construction
METAL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
18.92 ac
Current owner
From public records · entity-resolved
Vlahos Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1016 STATE RTE 33, FREEHOLD, NJ 07728-9555
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2019
$2,776,000
Vlahos Properties LLC
1016 Realty LLC
Grant Deed
—
Feb 28, 2019
$964,000
Vlahos Properties LLC
1016 Realty LLC
Grant Deed
$3,100,000 · First Constitution Bk
Feb 28, 2019
—
Vlahos Properties LLC
1016 Tower LLC
Quitclaim Deed
related
—
Aug 31, 2018
—
1016 Realty LLC
—
Deed
related
$500,000 · First Constitution Bk
Jul 6, 2018
—
Sba Structures LLC
—
Deed
related
—
Dec 7, 2017
—
Jersey Ctrl Power & Light Co
One Thousand Sixteen Realty Ll
Grant Deed
related
—
Feb 18, 2016
—
One Thousand Sixteen Realty Co
Howell Twp
Grant Deed
related
—
May 8, 2008
—
1016 Realty Corp LLC
Ientile,james R
Trustees Deed
related
—
Jan 20, 1999
—
1016 Realty Corp LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
1016 Realty Corp LLC
—
Deed Of Trust
related
$1,100,000 · Stavola Const Materials INC
—
—
Sba Structures LLC
—
Loan Modification
related
—
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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