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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Super regional malls
12 Us Hwy 9th 9 Morganville, NJ 07751-1575
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1841333
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2000
Total area
29,651 SF
Lot
3.35 ac (146,013 SF)
Zoning code
C-4
APN
30 00176-0000-00005- 03
UPID
US59-1841333
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.95M
Owner & transaction history
Crossing Marlboro · 28 yrs held
Crossing Marlboro
since 1998
3 recorded transactions
Zoning & alternative use
C-4 · Morganville, NJ
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 Morganville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morganville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,795,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,435,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,890,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,365,000
Change: 0% · Conversion: Easy
RESTAURANT
$3,010,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,990,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$2,710,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±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
$133 / 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
$129,096
Tax year 2022
Assessed value
$5,449,400
Assessed 2023
Previous assessed
$5,449,400
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$2,346,400
Assessed improvement
$3,103,000
Land market value
$2,346,400
Improvement market value
$3,103,000
Total market value
$5,449,400
Applied tax rate
30.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2000
Heating
NONE
Total area
29,651 SF
Lot
3.35 ac (146,013 SF)
Zoning code
C-4
APN
30 00176-0000-00005- 03
UPID
US59-1841333
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-4 · Morganville, NJ
Zoning C-4 · permitted uses
C-4 · Morganville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morganville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RESTAURANT
Est. value
$3.0M
RETAIL STORES
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.7M
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
Heating
NONE
Lot
3.35 ac
Current owner
From public records · entity-resolved
Crossing Marlboro
Individual
Mailing address
1260 STELTON RD, PISCATAWAY, NJ 08854-5282
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2011
—
American Plaza LLC
—
Grant Deed
related
$12,766,000 · Wells Fargo Bank Nw NA (te)
Feb 2, 1998
$2,055,000
Crossing Marlboro
Marlboro Crossings
Grant Deed
related
$2,400,000 · Gmac Com'l Mtg
—
—
American Plaza 2 LLC
—
Deed Of Trust
related
$10,130,000 · Bank Of Princeton
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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