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Property profile & analytics
FOR LEASE
Commercial real estate
173 Amboy Rd Morganville, NJ 07751
Entity Owned
Free & Clear
Property ID
US59-0740232
For Lease
1 / 3
Contact for pricing
173 Amboy Rd, Morganville, NJ 07751
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
CONCRETE BLOCKS
Total area
20,370 SF
Lot
4.8 ac (209,088 SF)
Zoning code
IOR
APN
30 00178-0000-00292
UPID
US59-0740232
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
-
US Radar, Inc. Factory Production Facility
-
Amboy Yard Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.80M
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.84M
Owner & transaction history
Nj 173 Amboy Road LLC
Nj 173 Amboy Road LLC
since 2025
Last sale
$6.9M
4 recorded transactions
Zoning & alternative use
IOR · Morganville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.4M
+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 Morganville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morganville 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
$8,340,000
ML approach
$7,800,000
CAP Approach
CAP Return
Estimation
6%
$4,585,000
6.5%
$4,230,000
7%
$3,930,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,285,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,385,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$5,020,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$6.84M
Range $6.15M – $7.52M · ±10% · vs last sale $6.90M (Jul 15 2025)
Last sale anchor
$6.90M
Jul 15 2025
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
$336 / 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
$35,227
Tax year 2022
Assessed value
$1,487,000
Assessed 2023
Previous assessed
$1,487,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$722,700
Assessed improvement
$764,300
Land market value
$722,700
Improvement market value
$764,300
Total market value
$1,487,000
Applied tax rate
30.0000
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
For Lease
Year built
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
20,370 SF
Lot
4.8 ac (209,088 SF)
Zoning code
IOR
APN
30 00178-0000-00292
UPID
US59-0740232
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IOR · Morganville, NJZoning IOR · permitted uses
IOR · Morganville, 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
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.0M
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
Year built
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
4.8 ac
Current owner
From public records · entity-resolved
Nj 173 Amboy Road LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1303 53RD ST #193, BROOKLYN, NY 11219-3823
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
$6,900,000
Nj 173 Amboy Road LLC
Bh 173 Amboy LLC
Deed
—
Nov 17, 2022
$7,950,000
Bh 173 Amboy LLC
173 Amboy LLC
Deed
$5,737,500 · Hanover Community Bank
Sep 19, 2022
$6,125,000
173 Amboy LLC
Lucas Holdings LLC
Bargain And Sale Deed
—
Jun 11, 2007
—
Lucas Holdings LLC
Lucas Holding LLC
Quit Claim Deed
related
$1,000,000 · Oceanfirst 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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