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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    175 Drift Rd Tinton Falls, NJ 07724-9701

    • Office buildings
    • 9,766 SF
    • 5.84 lot acres
    OFF-MARKET
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1444837
    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.

    Current Use by Public Records

    • Robert Adams Plumbing / Plumbing Service / General Contractor
    • Stavola Contracting Co Inc / Construction Company / General Contractor
    • Stavola Asphalt Co / General Contractor / Construction Company

    Property Details for 175 Drift Rd

    Year built
    1973
    Lot size
    5.84 lot acres
    Property size
    9,766 SF
    Zone code
    IO35
    Property type
    Office buildings
    APN
    49 00111-0000-00004- 01
    APU
    490011100000000401

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,702,000
      Market price range: $1.70M - $3.54M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,060,000
      INDUSTRIAL (GENERAL)
      $2,015,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tinton Falls
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0892
    Latitude
    40.2788
    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
    2023
    $20,342
    $408,800
    $962,600
    $1,371,400
    -
    $408,800
    $962,600
    $1,371,400

    Comparable in this City

    • Value Estimation
      $7,315,000
      43,876 SF

      766 Shrewsbury Ave

      OFFICE BUILDING • 43,876 SF
      766 Shrewsbury Ave, Tinton Falls, NJ 07724-3001
      View Details
    • Value Estimation
      $540,000
      3,696 SF

      86 Broad St

      OFFICE BUILDING • 3,696 SF
      86 Broad St, Eatontown, NJ 07724-1518
      View Details
    • Value Estimation by Request
      2,054 SF

      78 Broad St

      OFFICE BUILDING • 2,054 SF
      78 Broad St, Eatontown, NJ 07724-1518
      View Details
    • Value Estimation by Request
      1,701 SF

      30 Ss St

      OFFICE BUILDING • 1,701 SF
      30 Ss St, Eatontown, NJ 07724-3405
      View Details
    • Value Estimation
      $1,680,000
      13,062 SF

      174 Main St

      OFFICE BUILDING • 13,062 SF
      174 Main St, Eatontown, NJ 07724-4010
      View Details
    • Value Estimation
      $780,000
      5,602 SF

      285 Parker Rd

      OFFICE BUILDING • 5,602 SF
      285 Parker Rd, Eatontown, NJ 07724-9621
      View Details

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      58,000 SF

      Prime Medical Office Building in Tinton Falls, NJ

      58,000 SF Medical Office Building - Vacant
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    • $1,600,000
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      Multi-Use Property in Tinton Falls

      Multi-use property in accessible Tinton Falls location, ready for redevelopment.
      1106 Pinebrook Rd, Tinton Falls, NJ 07724
      View Details
    • $650,000
      1,804 SF

      Eatontown Mixed-Use Commercial Property

      Mixed-use commercial property in Eatontown's B-2 Business Zone.
      48 South St, Eatontown, NJ 07724
      View Details
    • $499,999
      1,015 SF

      Mixed-Use Commercial Property in Eatontown

      Mixed-use commercial property in Eatontown's B-2 Business Zone.
      South St, Eatontown, NJ 07724
      View Details
    • $1,600,000
      6,000 SF

      Multi-Use Property in Tinton Falls

      Multi-use property in accessible Tinton Falls location, ready for redevelopment.
      1106 Pinebrook Rd, Tinton Falls, NJ 07724
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Eatontown Office Space Available

      6,000 SF office space for rent in Eatontown, NJ.
      1 Corbett Way, Eatontown, NJ 07724
      View Details
    • Contact for pricing

      Tinton Falls Office Space

      Office space available for rent in Tinton Falls.
      766 Shrewsbury Ave, Tinton Falls, NJ 07724
      View Details
    • $2,500 /Mo
      1,200 SF

      Renovated Detached Commercial Property

      Renovated commercial property with loading dock and flexible B1 zoning.
      10 Throckmorton Ave, Eatontown, NJ 07724
      View Details
    • Sponsored
      Contact for pricing

      NJ, Eatontown - 2 Industrial Way

      Discover many ways to work your way in Greenwich
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      View Details
    • Contact for pricing
      276,900 SF

      Versatile Office Spaces Available

      Office spaces suitable for various business sizes are available for rent.
      1 Commvault Way, Tinton Falls, NJ 07724
      View Details
    • $2,500 /Mo
      1,200 SF

      Renovated Office with Loading Dock

      Detached, renovated office space with loading dock for rent.
      10 Throckmorton Ave, Eatontown, NJ 07724
      View Details
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    175 Drift Rd
    Tinton Falls, NJ 07724-9701
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    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
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