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Property profile & analytics
OFF-MARKET
Estimated value
$365,000
Commercial real estate
150 1st St Keyport, NJ 07735-1759
Individually Owned
8-yr Hold
Property ID
US59-1027417
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1916
Construction
FRAME
Total area
3,175 SF
Lot
0.18 ac (8,000 SF)
Zoning code
RA
APN
24 00125-0000-00001
UPID
US59-1027417
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
-
EL Ranchero Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$365k
Owner & transaction history
Emad S Lawandi · 8 yrs held
Emad S Lawandi
since 2018
5 recorded transactions
Zoning & alternative use
RA · Keyport, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RESIDENTIAL DISTRICT (RA). [Amended 12-18-2018 by Ord. No. 28-18 ] Purpose. The predominant housing type in Keyport has been the one-family house. The purpose of this section is to preserve and continue this low- to moderate-density land use characteristic and those existing single-family residences as the preferred residential land use throughout the Boroug…
Zone name
Residential District A
General category
RESIDENTIAL
Zone area
520.02 ac
Top alternative use upside
Office building
$785,000
+35.5%
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 Keyport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keyport 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
$365,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$580,000
Current use
OFFICE BUILDING
$785,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$365k
Range $329k – $402k · ±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
$115 / 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
$12,513
Tax year 2022
Assessed value
$593,700
Assessed 2023
Previous assessed
$593,700
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$171,300
Assessed improvement
$422,400
Land market value
$171,300
Improvement market value
$422,400
Total market value
$593,700
Applied tax rate
24.0000
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
Year built
1916
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
3
Rooms
13
Bathrooms
4
Total area
3,175 SF
Lot
0.18 ac (8,000 SF)
Zoning code
RA
APN
24 00125-0000-00001
UPID
US59-1027417
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
RA · Keyport, NJZoning RA · permitted uses
RA · Keyport, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RESIDENTIAL DISTRICT (RA). [Amended 12-18-2018 by Ord. No. 28-18 ] Purpose. The predominant housing type in Keyport has been the one-family house. The purpose of this section is to preserve and continue this low- to moderate-density land use characteristic and those existing single-family residences as the preferred residential land use throughout the Borough. All single-family homes existing in the RA zone are envisioned to be maintained as such and it is strongly discouraged that any of these homes be converted to multifamily.
Zone name
Residential District A
General category
RESIDENTIAL
Zone area
520.02 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$580,000
OFFICE BUILDING
Est. value
$785,000
COMMERCIAL (GENERAL) Current
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
1916
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
3
Rooms
13
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Emad S Lawandi
Individual
Mailing address
432 STATE RTE 34TH RD STE 1A, MATAWAN, NJ 07747-2193
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2020
—
Emad S Lawandi
—
Deed
related
$437,825 · Cardinal Fin'l
Jul 23, 2018
$450,000
Emad S Lawandi
Leesa Josef LLC
Grant Deed
$441,849 · Cardinal Fin'l
Feb 13, 2013
$260,000
Leesa Josef LLC
Perseghin,armin J & Diane M
Grant Deed
—
—
—
Emad S Lawandi
—
Deed Of Trust
related
$437,825 · Cardinal Fin'l
—
—
Armin J Perseghin SR.
—
Deed Of Trust
related
$20,000 · Fleet National Bank
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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