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Property profile & analytics
OFF-MARKET
Estimated value
$5,290,000
Commercial real estate
1843 State Rte 35 Middletown, NJ 07748-1830
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1590596
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Construction
CONCRETE BLOCKS
Total area
37,332 SF
Lot
1.85 ac (80,370 SF)
Zoning code
2550000
APN
32 00599-0000-00009
UPID
US59-1590596
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
by Request
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$5.29M
Owner & transaction history
1835 Route 35 Tic II LLC · 1 yrs held
1835 Route 35 Tic II LLC
since 2025
Last sale
$5.8M
5 recorded transactions
Zoning & alternative use
2550000 · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$5.29M
Range $4.76M – $5.82M · ±10% · vs last sale $5.80M (Oct 23 2024)
Last sale anchor
$5.80M
Oct 23 2024
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
$142 / 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
$74,121
Tax year 2022
Assessed value
$4,207,200
Assessed 2023
Previous assessed
$4,207,200
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,572,500
Assessed improvement
$2,634,700
Land market value
$1,572,500
Improvement market value
$2,634,700
Total market value
$4,207,200
Applied tax rate
32.0000
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
1956
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
37,332 SF
Lot
1.85 ac (80,370 SF)
Zoning code
2550000
APN
32 00599-0000-00009
UPID
US59-1590596
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
2550000 · Middletown, NJ
Zoning 2550000 · permitted uses
2550000 · Middletown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
1835 Route 35 Tic II LLC
Entity
Mailing address
116 US HWY 22, NORTH PLAINFIELD, NJ 07060-3872
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
$5,800,000
1835 Route 35 Tic II LLC
1835 Route 35 Tic I LLC
Deed
$1,800,000 · Provident Bank
Oct 18, 2022
—
1835 Route 35 Tic I LLC
—
Deed
related
$2,500,000 · Provident Bank
Dec 8, 2015
—
New Jersey Natural Gas Co
Adler,abe & Anna
Grant Deed
related
—
Jun 26, 2015
$2,550,000
1835 Route 35 Tic I LLC
Adler Family Trust
Grant Deed
$2,286,000 · National Penn Bk
Jun 26, 2015
—
Adler Family Trust
Adler Family Trust
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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