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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Commercial real estate
15 Main St Holmdel, NJ 07733-2105
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1814908
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
21,008 SF
Lot
12.09 ac (526,640 SF)
Zoning code
OL2
APN
20 00013-0000-00016- 04
UPID
US59-1814908
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
Current use
Occupant on record · Public records
-
Arthur J Gallagher Risk Mgmt Services Insurance Agency
-
Slice Business To Business Service
-
Slattery GA Insurance Agency
-
Gallagher Insurance, Risk Management & Consulting Business Management Consultant Insurance Agency
-
Creative Agency Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.82M
CAP Approach
CAP
$4.37M
Comparable Approach
Comparable
$3.53M
Blend (final)
Blend
$3.75M
Owner & transaction history
Manor On Main Street LLC · 4 yrs held
Manor On Main Street LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
OL2 · Holmdel, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.6M
+1.9%
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 Holmdel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holmdel 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
$3,915,000
ML approach
$3,820,000
CAP Approach
CAP Return
Estimation
6%
$4,725,000
6.5%
$4,365,000
7%
$4,050,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,450,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,550,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$5,180,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $3.74M (Jun 28 2022)
Last sale anchor
$3.74M
Jun 28 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
$179 / 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
$89,439
Tax year 2022
Assessed value
$3,735,000
Assessed 2023
Previous assessed
$3,735,000
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$2,468,600
Assessed improvement
$1,266,400
Land market value
$2,468,600
Improvement market value
$1,266,400
Total market value
$3,735,000
Applied tax rate
20.0000
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
BRICK
Heating
NONE
Buildings
1
Stories
2
Total area
21,008 SF
Lot
12.09 ac (526,640 SF)
Zoning code
OL2
APN
20 00013-0000-00016- 04
UPID
US59-1814908
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OL2 · Holmdel, NJZoning OL2 · permitted uses
OL2 · Holmdel, NJ
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
COMMERCIAL (GENERAL) Current
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Construction
BRICK
Heating
NONE
Stories
2
Buildings
1
Lot
12.09 ac
Current owner
From public records · entity-resolved
Manor On Main Street LLC
Entity
Mailing address
15 MAIN ST, HOLMDEL, NJ 07733-2105
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
$3,735,000
Manor On Main Street LLC
Walmar Realty Associates
Deed
$3,361,500 · Bank Leumi USA
Jan 16, 2020
—
Walmar Realty Associates
—
Deed
related
$2,500,000 · Lakeland Bk
—
—
Walmar Realty Associates
—
Deed Of Trust
related
$100,000 · Sun Nat'l Bk
—
—
Walmar Realty Assoc
—
Deed Of Trust
related
$400,000 · Sun Nat'l Bk
—
—
Walmar Realty Assoc
—
Deed Of Trust
related
$955,000 · Sun Nat'l Bk
—
—
Walmar Realty Associates
—
Deed Of Trust
related
$400,000 · Sun Nat'l Bk
—
—
Walmar Realty Associates
—
Deed Of Trust
related
$2,500,000 · Lakeland 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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