Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Commercial real estate
1919 State Rte 35 Wall Township, NJ 07719-3508
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1856745
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
6,838 SF
Lot
9.97 ac (434,293 SF)
Zoning code
HB80
APN
52 00271-0000-00020- 01
UPID
US59-1856745
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
$1.42M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.44M
Owner & transaction history
Mega Land Wall II & III LLC · 8 yrs held
Mega Land Wall II & III LLC
since 2017
7 recorded transactions
Zoning & alternative use
HB80 · Wall Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+7.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,010,000
Current use
OFFICE BUILDING
$2,170,000
Change: +8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,805,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$210 / 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
$348,771
Tax year 2022
Assessed value
$12,000,000
Assessed 2023
Previous assessed
$12,000,000
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$5,982,000
Assessed improvement
$6,018,000
Land market value
$5,982,000
Improvement market value
$6,018,000
Total market value
$12,000,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Total area
6,838 SF
Lot
9.97 ac (434,293 SF)
Zoning code
HB80
APN
52 00271-0000-00020- 01
UPID
US59-1856745
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HB80 · Wall Township, NJ
Zoning HB80 · permitted uses
HB80 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
Lot
9.97 ac
Current owner
From public records · entity-resolved
Mega Land Wall II & III LLC
Entity
Free & Clear · 8 yrs held
Mailing address
429 MARKET ST, TENNENT, NJ 07763
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2019
—
35 Wall Promenade LLC
—
Deed
related
$10,570,000 · Miscellaneous Ins Co
Dec 7, 2017
—
Mega Land Wall II & III LLC
Mega Land Wall II & III LLC
Quit Claim Deed
related
—
Sep 25, 2017
—
Route 35 Wall Promenade LLC
Route 35 Wall Promenade LLC
Quit Claim Deed
related
—
Jul 17, 2017
—
35 Wall Promenade LLC
RT 35 Wall Promenade LLC
Quit Claim Deed
related
—
May 6, 2015
—
Mega Land Wall LLC
Mega Land Wall LLC
Quit Claim Deed
related
—
May 6, 2015
$4,200,000
Mega Land Wall LLC
Carl Weber Green Properties Ll
Grant Deed
—
Jan 23, 2013
—
Route 35 Wall Holdings LLC
Sass Muni Vi LLC
Tax Deed
related
—
Apr 6, 2009
—
Route 35 Wall Holdings LLC
—
Loan Modification
related
$2,725,000 · Other Institutional Lenders
Feb 11, 2008
$5,000,000
Route 35 Wall Holdings LLC
Silvers,alan J & Shirley
Grant Deed
related
$2,500,000 · Lenox Hills Investors LLC
Jan 29, 2008
—
Alan J & Shirley Silvers
Silvers,alan J & Shirley
Quit Claim Deed
related
—
—
—
35 Wall Promenade LLC
—
Deed Of Trust
related
$10,570,000 · Miscellaneous Ins Co
—
—
Route 35 Wall Holdings LLC
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1919 State Rte 35?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
