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Property profile & analytics
OFF-MARKET
Estimated value
$6,055,000
Industrial properties
1740 State Rte 34 Wall Township, NJ 07727-3937
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1428555
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
36,006 SF
Lot
4.62 ac (201,247 SF)
Zoning code
OR-2
APN
52 00942-0000-00058
UPID
US59-1428555
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
$7.69M
CAP Approach
CAP
$5.31M
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$6.06M
Owner & transaction history
1740 Route 34 LLC · 5 yrs held
1740 Route 34 LLC
since 2021
Last sale
$5.9M
2 recorded transactions
Zoning & alternative use
OR-2 · Wall Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.5M
+53.6%
Commercial (general)
$8.6M
+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
$7,235,000
ML approach
$7,685,000
CAP Approach
CAP Return
Estimation
6%
$5,755,000
6.5%
$5,310,000
7%
$4,930,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,195,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,515,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,575,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$6.06M
Range $5.45M – $6.66M · ±10% · vs last sale $5.90M (Jun 17 2021)
Last sale anchor
$5.90M
Jun 17 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
$168 / 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
$49,988
Tax year 2022
Assessed value
$2,467,300
Assessed 2023
Previous assessed
$2,467,300
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$554,400
Assessed improvement
$1,912,900
Land market value
$554,400
Improvement market value
$1,912,900
Total market value
$2,467,300
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
Total area
36,006 SF
Lot
4.62 ac (201,247 SF)
Zoning code
OR-2
APN
52 00942-0000-00058
UPID
US59-1428555
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OR-2 · Wall Township, NJ
Zoning OR-2 · permitted uses
OR-2 · 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
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$8.6M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Lot
4.62 ac
Current owner
From public records · entity-resolved
1740 Route 34 LLC
Entity
Mailing address
171 47TH ST, BROOKLYN, NY 11232-4225
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$5,900,000
1740 Route 34 LLC
Cruisers Company LLC
Deed
$6,000,000 · Zalmen Reiss And Associates INC
Jun 17, 2021
—
Cruisers Company LLC
Zodiac Us Corporation
Quit Claim 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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