Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1717 State Rte 34 Wall Township, NJ 07727-3989
    Back to Search
    Property profile & analytics

    1717 State Rte 34, Wall Township, NJ 07727-3989

    View on Map
    • Industrial properties
    • 3,400 SF
    • 262.97 lot acres
    Off-Market
    Last Sale Jul 9, 2021
    $580,000
    Property ID
    US59-1264315
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    4.6%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1717 State Rte 34

    Lot size
    262.97 lot acres
    Zone code
    AI
    Property type
    Industrial properties
    APN
    52 00917-0000-00013
    APU
    5200917000000013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 9, 2024 — Wall Herald Corporation — Deed · related $21.5M · 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 —

    Value 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

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $378,000
      Market price range: $133k - $378k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $585,000
      Current use
      COMMERCIAL (GENERAL)
      $810,000
      Change: +38% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wall Township
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.1241
    Latitude
    40.1861
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $343,022
    $9,963,800
    $6,967,200
    $16,931,000
    -
    $9,963,800
    $6,967,200
    $16,931,000

    Comparable in this City

    • Value Estimation by Request
      9.00 Acres

      5145 Hurley Pond Rd

      INDUSTRIAL (GENERAL)
      5145 Hurley Pond Rd, Farmingdale, NJ 07727
      View Details
    • Value Estimation by Request
      68.80 Acres

      1635 Wyckoff Rd

      INDUSTRIAL (GENERAL)
      1635 Wyckoff Rd, Farmingdale, NJ 07727
      View Details
    • Value Estimation
      $2,870,000
      20,495 SF

      1420 Wyckoff Rd

      INDUSTRIAL (GENERAL)
      1420 Wyckoff Rd, Wall Township, NJ 07727
      View Details
    • Value Estimation by Request
      6,400 SF

      1671 Rte

      Industrial properties
      1671 Rte, Wall Township, NJ 07727
      View Details
    • Value Estimation
      $1,790,000
      17,870 SF

      5001 Industrial Rd

      INDUSTRIAL (GENERAL)
      5001 Industrial Rd, Wall Township, NJ 07727-3651
      View Details
    • Value Estimation
      $2,610,000
      23,900 SF

      Squankum Yellowbrook Rd

      INDUSTRIAL (GENERAL)
      Squankum Yellowbrook Rd, Farmingdale, NJ 07727
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      131,630 SF

      Farmingdale Industrial Opportunity

      Versatile industrial property with dual-street access in Farmingdale, New Jersey.
      271 Adelphia Rd, Farmingdale, NJ 07727
      View Details
    • Contact for pricing
      27,800 SF

      Leased Industrial Buildings For Sale

      Two fully leased industrial buildings totaling 27,800 SF for sale.
      5044 Industrial Rd, Wall Township, NJ 07727
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Wall Township, New Jersey.
      5115 Asbury Rd, Wall Township, NJ 07727
      View Details
    • $1,375,000
      12.50 Acres

      Prime Monmouth County Development Opportunity

      Development investment opportunity in the heart of Monmouth County.
      530 Casino Dr, Farmingdale, NJ 07727
      View Details
    • $2,500,000
      Pending

      Farmingdale Land Investment Opportunity

      26 acres in Farmingdale with residential and subdivision potential.
      255 Asbury Rd, Farmingdale, NJ 07727
      View Details
    • $1,799,000
      3,200 SF

      Childcare Facility with Camp

      3,200+/- SF childcare facility and camp on 2 acres.
      321 W Farms Rd, Farmingdale, NJ 07727
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space in Wall Township

      Warehouse and office space available for lease in Wall Township.
      5044 Industrial Rd, Wall Township, NJ 07727
      View Details
    • Contact for pricing

      Wall, NJ Warehouse Space

      1,000 sq ft warehouse space for lease in Wall.
      5215 State 34, Wall, NJ 07727
      View Details
    • Contact for pricing
      4,680 SF

      Wall Township Flex/Industrial Space

      6,280 SF flex/industrial space available for lease.
      1709 Nj-34, Wall Township, NJ 07727
      View Details
    • Contact for pricing
      36,000 SF

      Tinton Falls Warehouse Space Available

      36,000 SF warehouse space for lease in Tinton Falls.
      800 Central Ave, Tinton Falls, NJ 07727
      View Details
    • Contact for pricing

      Farmingdale Warehouse for Small Business

      3,300 sq ft warehouse ideal for small industrial businesses.
      27 Boud Ave, Farmingdale, NJ 07727
      View Details
    • Contact for pricing
      7,841 SF

      Farmingdale Warehouse Ideal for Business

      3,300 sq ft warehouse suitable for small industrial businesses.
      27 Boud Ave, Farmingdale, NJ 07727
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1717 State Rte 34
    Wall Township, NJ 07727-3989
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1717 State Rte 34, Wall Township, NJ, 07727
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!