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Property profile & analytics
OFF-MARKET
Estimated value
$5,080,000
Commercial real estate
1628 Wyckoff Rd, Farmingdale, NJ 07727
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0147494
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
21,672 SF
Lot
4.4 ac (191,664 SF)
Zoning code
GI-2
APN
52 00917- 01-00038- 04
UPID
US59-0147494
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
$5.09M
CAP Approach
CAP
$4.50M
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$5.08M
Owner & transaction history
Eagle 1640 LLC · 3 yrs held
Eagle 1640 LLC
since 2022
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
GI-2 · Farmingdale, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.9M
+33.2%
Apartment house (5+ units)
$5.7M
+11.0%
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
$5,245,000
ML approach
$5,085,000
CAP Approach
CAP Return
Estimation
6%
$4,875,000
6.5%
$4,500,000
7%
$4,180,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,160,000
Current use
OFFICE BUILDING
$6,875,000
Change: +33% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,730,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$5.08M
Range $4.57M – $5.59M · ±10% · vs last sale $5.00M (Dec 9 2022)
Last sale anchor
$5.00M
Dec 9 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
$234 / 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
$38,806
Tax year 2022
Assessed value
$1,915,400
Assessed 2023
Previous assessed
$1,915,400
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$313,500
Assessed improvement
$1,601,900
Land market value
$313,500
Improvement market value
$1,601,900
Total market value
$1,915,400
Applied tax rate
52.0000
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
Heating
NONE
Buildings
1
Units
1
Total area
21,672 SF
Lot
4.4 ac (191,664 SF)
Zoning code
GI-2
APN
52 00917- 01-00038- 04
UPID
US59-0147494
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GI-2 · Farmingdale, NJ
Zoning GI-2 · permitted uses
GI-2 · Farmingdale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmingdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Buildings
1
Units
1
Lot
4.4 ac
Current owner
From public records · entity-resolved
Eagle 1640 LLC
Entity
Mailing address
800 VINE AVE, LAKEWOOD, NJ 08701-5344
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2023
—
Eagle 1640 LLC
—
Deed
related
$2,098,000 · Trenton Business Assistance Corporation
Dec 9, 2022
$5,000,000
Eagle 1640 LLC
Wyckoff Road LLC
Deed
$2,562,912 · Cross River Bank
Oct 17, 2022
$3,000,000
Wyckoff Road LLC
L F E LLC
Deed
$2,932,500 · Peoples Security Bank & Trust Compa
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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