Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    105 Steiner Ave Neptune, NJ 07753-6640

    • Medical offices
    • 2,000 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    9.7%
    Medical offices
    Location Intelligence
    Property ID
    US59-0460058
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 105 Steiner Ave

    Year built
    1957
    Construction
    FRAME
    Lot size
    0.36 lot acres
    Property size
    2,000 SF
    Zone code
    RC
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    36 00012-0000-00006
    APU
    3600012000000006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $495,000
      6.5%
      $460,000
      7%
      $425,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $315,000
      AUTO REPAIR, GARAGE
      $300,000
      COMMERCIAL (GENERAL)
      $250,000
      RETAIL STORES
      $200,000
      WAREHOUSE, STORAGE
      $185,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Neptune
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0238
    Latitude
    40.1991
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,238
    $162,800
    $132,000
    $294,800
    -
    $162,800
    $132,000
    $294,800

    Comparable in this City

    • Value Estimation by Request
      17,130 SF

      1820 Corlies Ave

      Medical offices • 17,130 SF
      1820 Corlies Ave, Neptune City, NJ 07753
      View Details
    • Value Estimation by Request

      4000 State Rte 66

      CONDOMINIUM OFFICES
      4000 State Rte 66, Tinton Falls, NJ 07753-7300
      View Details
    • Value Estimation
      $300,000
      3,484 SF

      4806 State Rte 33

      OFFICE BUILDING • 3,484 SF
      4806 State Rte 33, Neptune, NJ 07753-6802
      View Details
    • Value Estimation
      $850,000
      21,500 SF

      1305 Campus Pkwy

      OFFICE BUILDING • 21,500 SF
      1305 Campus Pkwy, Wall Township, NJ 07753-6819
      View Details
    • Value Estimation
      $295,000
      952 SF

      1900 Corlies Ave, Unit 5B

      CONDOMINIUM OFFICES • 952 SF
      1900 Corlies Ave, Neptune, NJ 07753-5197
      View Details
    • Value Estimation
      $425,000
      7,100 SF

      72 Morris Ave

      OFFICE BUILDING • 7,100 SF
      72 Morris Ave, Neptune, NJ 07753-6625
      View Details

    Similar Nearby for Sale

    • $1,800,000
      16,000 SF

      Income Producing Medical Office Building

      Two-story, 16,000 SF medical/professional office building for sale.
      2040 6Th Ave, Neptune City, NJ 07753
      View Details
    • $650,000
      984 SF

      Tinton Falls Office Building

      One-story office building near major roadways, suitable for retail.
      1989 Jumping Brook Rd, Wall Township, NJ 07753
      View Details
    • $750,000

      Commercial Office Building For Sale

      Office building with handicap access on a corner double lot.
      601/603 State Route 35, Neptune, NJ 07753
      View Details
    • $2,950,000
      11,700 SF

      Freestanding Office/Flex Building on 4.8 Acres

      Single-story office/flex building on 4.8 acres with redevelopment potential.
      3310 New Jersey 66, Neptune, NJ 07753
      View Details
    • $750,000

      Office Building with Development Potential

      Office building with land and development options in Neptune Township.
      601/603 Route 35, Neptune, NJ 07753
      View Details
    • New
      $725,000
      2,782 SF

      Mixed-Use Redevelopment Opportunity Near Route 35

      Value-add mixed-use redevelopment opportunity in high-visibility location.
      1324 Corlies, Neptune, NJ 07753
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      2,000 SF

      Renovated Retail and Garage Space

      Recently renovated commercial space with office, retail, and warehouse.
      1520 Corlies Ave, Neptune, NJ 07753
      View Details
    • Contact for pricing
      7,886 SF

      Wall Township Office Sublease Available

      Office space available for sublease in Wall Township, New Jersey.
      4814 Outlook Dr, Wall Township, NJ 07753
      View Details
    • Contact for pricing

      Neptune Township Office Space Available

      Two office spaces available for rent in Neptune Township, NJ.
      708 Highway 35, Neptune, NJ 07753
      View Details
    • Contact for pricing

      Waterfront Office Space Available

      South-facing office with natural light and waterfront views.
      20 S Concourse Unit, Neptune, NJ 07753
      View Details
    • $15 SF/Yr
      14,517 SF

      Highway 71 Commercial Space Available

      Renovated warehouse, office, retail/showroom on busy Highway 71.
      111 S Main St, Neptune, NJ 07753
      View Details
    • $2,950,000
      11,700 SF

      Versatile Property on Route 66

      Redevelopment potential on Route 66 near major roadways.
      3310 State Route 66, Neptune, NJ 07753
      View Details
    Request Owner's contact information
    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.
    105 Steiner Ave
    Neptune, NJ 07753-6640
    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
    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

    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.