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Property profile & analytics
OFF-MARKET
Estimated value
$17,275,000
Industrial properties
183 3rd Brks Rd Freehold, NJ 07728-8840
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1753575
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
117,288 SF
Lot
10.53 ac (458,687 SF)
Zoning code
LI-3
APN
17 00072- 06-00001
UPID
US59-1753575
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
by Request
CAP Approach
CAP
$17.30M
Comparable Approach
Comparable
$20.32M
Blend (final)
Blend
$17.28M
Owner & transaction history
Commerce Freehold Holdings LLC · 3 yrs held
Commerce Freehold Holdings LLC
since 2023
7 recorded transactions
Zoning & alternative use
LI-3 · Freehold, 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 Freehold submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freehold 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
$21,390,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,740,000
6.5%
$17,295,000
7%
$16,060,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,175,000
Current use
COMMERCIAL (GENERAL)
$23,935,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$21,225,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$17.28M
Range $15.55M – $19.00M · ±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
$147 / 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
$214,037
Tax year 2022
Assessed value
$11,728,800
Assessed 2023
Previous assessed
$11,728,800
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$4,838,500
Assessed improvement
$6,890,300
Land market value
$4,838,500
Improvement market value
$6,890,300
Total market value
$11,728,800
Applied tax rate
17.0000
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
Year built
1989
Heating
NONE
Buildings
1
Total area
117,288 SF
Lot
10.53 ac (458,687 SF)
Zoning code
LI-3
APN
17 00072- 06-00001
UPID
US59-1753575
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI-3 · Freehold, NJ
Zoning LI-3 · permitted uses
LI-3 · Freehold, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freehold. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.2M
COMMERCIAL (GENERAL)
Est. value
$23.9M
OFFICE BUILDING
Est. value
$21.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1989
Heating
NONE
Buildings
1
Lot
10.53 ac
Current owner
From public records · entity-resolved
Commerce Freehold Holdings LLC
Entity
Mailing address
1386 BRIDPORT DR, TOMS RIVER, NJ 08755-1459
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
$21,950,000
Commerce Freehold Holdings LLC
183 Three Brooks Holdings LLC
Deed
$22,146,000 · Fulton Bank NA
Nov 19, 2019
$11,950,000
183 Three Brooks Holdings LLC
International Vitamin Corp
Grant Deed
related
$8,365,000 · Signature Bk
May 23, 2019
—
International Vitamin Corp
International Vitamin Corp
Correction Deed
related
—
Apr 15, 2019
$157,001
County Of Monmouth
International Vitamin Corp
Grant Deed
—
Oct 24, 2016
$5,700,000
International Vitamin Corp
Javin LP
Grant Deed
related
$153,000,000 · Citibank
May 25, 1999
—
Javin
Owner Name Unavailable
Grant Deed
related
—
—
—
Javin Etal
—
Deed Of Trust
related
$15,250,000 · Pnc Bk/nj
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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