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Property profile & analytics
OFF-MARKET
Estimated value
$8,250,000
Commercial real estate
1770 Tobias Ave Manchester, NJ 08759-5803
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US59-1899719
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Construction
CONCRETE BLOCKS
Total area
67,885 SF
Lot
4.88 ac (212,573 SF)
Zoning code
R40
APN
19 00051- 06-00109
UPID
US59-1899719
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
-
AristaCare at Manchester Nursing Home Physical Therapy Clinic
-
Manchester Manor Rehab Center: Comsti Eric MD Physician
-
Manchester Pediatric Medical Daycare Daycare Center
-
Manchester Manor Rehab Center: Riviello Jr Benn DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.98M
Blend (final)
Blend
$8.25M
Owner & transaction history
Gk Manchester Realty LLC · 10 yrs held
Gk Manchester Realty LLC
since 2016
4 recorded transactions
Zoning & alternative use
R40 · Manchester, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.25M
Range $7.43M – $9.08M · ±10%
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
$122 / 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
$229,361
Tax year 2022
Assessed value
$10,354,900
Assessed 2023
Previous assessed
$10,354,900
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,567,500
Assessed improvement
$8,787,400
Land market value
$1,567,500
Improvement market value
$8,787,400
Total market value
$10,354,900
Applied tax rate
19.0000
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
Off-Market
Year built
1984
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Units
1
Total area
67,885 SF
Lot
4.88 ac (212,573 SF)
Zoning code
R40
APN
19 00051- 06-00109
UPID
US59-1899719
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R40 · Manchester, NJ
Zoning R40 · permitted uses
R40 · Manchester, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Units
1
Lot
4.88 ac
Current owner
From public records · entity-resolved
Gk Manchester Realty LLC
Entity
Mailing address
245 BIRCHWOOD AVE, CRANFORD, NJ 07016-2510
Ownership since
2016
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
Nov 27, 2024
—
Gk Manchester Realty LLC
—
Deed
related
$24,047,100 · Greystone Funding Company LLC
Dec 12, 2019
—
Gk Manchester Realty LLC
—
Deed
related
$1,500,000 · V N B New York LLC
Jun 10, 2016
$21,313,000
Gk Manchester Realty LLC
Manchester Real Property LLC
Grant Deed
related
$23,313,000 · Banco Popular
Mar 21, 2014
$5,380,000
Manchester Real Property LLC
Manchester Manor Associates
Trustees Deed
related
$12,000,054 · Oxford Fin
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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