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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Industrial properties
1717 State Rte 34 Wall Township, NJ 07727-3989
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1264315
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
3,400 SF
Lot
262.97 ac (11,454,973 SF)
Zoning code
AI
APN
52 00917-0000-00013
UPID
US59-1264315
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
$660k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$378k
Blend (final)
Blend
$605k
Owner & transaction history
Wall Herald Corporation · 5 yrs held
Wall Herald Corporation
since 2021
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
AI · Wall Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$810,000
+38.4%
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 Wall Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wall Township 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
$710,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$585,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $580k (Jul 9 2021)
Last sale anchor
$580k
Jul 9 2021
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
$178 / 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
$343,022
Tax year 2022
Assessed value
$16,931,000
Assessed 2023
Previous assessed
$16,931,000
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$9,963,800
Assessed improvement
$6,967,200
Land market value
$9,963,800
Improvement market value
$6,967,200
Total market value
$16,931,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
1
Units
1
Total area
3,400 SF
Lot
262.97 ac (11,454,973 SF)
Zoning code
AI
APN
52 00917-0000-00013
UPID
US59-1264315
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
AI · Wall Township, NJ
Zoning AI · permitted uses
AI · Wall Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wall Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$810,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
262.97 ac
Current owner
From public records · entity-resolved
Wall Herald Corporation
Entity
Free & Clear · 5 yrs held
Mailing address
1717 STATE RTE 34TH 5TH BLDG #5, WALL TOWNSHIP, NJ 07727-3989
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Oct 9, 2024
—
Wall Herald Corporation
—
Deed
related
$21,500,000 · Unity Bank
Jul 9, 2021
—
Wall Herald Corporation
Richard Schultz
Quit Claim Deed
related
—
Dec 22, 2014
—
New Jersey Gas Co
Wall Herald Corp
Grant Deed
related
—
Oct 22, 2014
—
New Jersey Natural Gas Co
Wall Herald Corp
Grant Deed
related
—
Jul 14, 2010
—
United States Of America
Wall Herald Corp
Grant Deed
related
—
Feb 27, 2006
$580,000
Osprey Realty Co INC
Lacojo Corp
Grant Deed
—
Jan 10, 2006
$1
Wall Herald Corp
Wall Herald Corp
Grant Deed
related
—
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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