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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Commercial real estate
109 Main St Farmingdale, NJ 07727-1411
Individually Owned
~
Est. High Equity
Property ID
US59-1752532
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
3,737 SF
Lot
0.46 ac (20,000 SF)
Zoning code
VC
APN
15 00034-0000-00001
UPID
US59-1752532
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
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$680k
Owner & transaction history
Don H Steinfeld
Don H Steinfeld
2 recorded transactions
Zoning & alternative use
VC · Farmingdale, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
VC - VILLAGE COMMERCIAL ZONE. § 25-35.1 Purpose. [ Ord. No. 97-01 § 28] The purpose of the VC - Village Commercial Zone is to provide a mixed use "Village" type of atmosphere along Main Street and to help preserve the historic nature of the Borough in that area. It is the intent of the zone to provide incentives, in the form of increased Floor Area Ratio and…
Zone name
Village Commercial
General category
MIXED_USE
Zone area
32.65 ac
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 Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale 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%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$890,000
Current use
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$182 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,495
Tax year 2023
Assessed value
$680,800
Assessed 2024
Previous assessed
$680,800
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$172,800
Assessed improvement
$508,000
Land market value
$172,800
Improvement market value
$508,000
Total market value
$680,800
Applied tax rate
15.0000
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
Construction
FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
3,737 SF
Lot
0.46 ac (20,000 SF)
Zoning code
VC
APN
15 00034-0000-00001
UPID
US59-1752532
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
VC · Farmingdale, NJZoning VC · permitted uses
VC · Farmingdale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
VC - VILLAGE COMMERCIAL ZONE. § 25-35.1 Purpose. [ Ord. No. 97-01 § 28] The purpose of the VC - Village Commercial Zone is to provide a mixed use "Village" type of atmosphere along Main Street and to help preserve the historic nature of the Borough in that area. It is the intent of the zone to provide incentives, in the form of increased Floor Area Ratio and reduce parking requirements for those properties which develop in a manner consistent with the historic character of Main Street.
Zone name
Village Commercial
General category
MIXED_USE
Zone area
32.65 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$890,000
COMMERCIAL (GENERAL) Current
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
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Don H Steinfeld
Individual
Mailing address
109 MAIN ST, FARMINGDALE, NJ 07727-1411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
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
—
—
Don H Steinfeld
—
Deed Of Trust
related
$50,000 · Two River Community Bank
—
—
Steinfeld,don H
—
Deed Of Trust
related
$250,000 · Two River Cmnty 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.
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