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Property profile & analytics
FOR LEASE
Industrial properties
2 Meridian Rd Eatontown, NJ 07724
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0460057
For Lease
1 / 16
$2,588/Mo
2 Meridian Rd, Eatontown, NJ 07724
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Total area
25,504 SF
Lot
2.23 ac (97,139 SF)
Zoning code
BP2
APN
12 03702-0000-00035
UPID
US59-0460057
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
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Eatontown Meridian LLC · 4 yrs held
Eatontown Meridian LLC
since 2021
6 recorded transactions
Zoning & alternative use
BP2 · Eatontown, 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 Eatontown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eatontown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$101 / 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
$49,933
Tax year 2022
Assessed value
$2,536,500
Assessed 2023
Previous assessed
$2,536,500
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,287,400
Assessed improvement
$1,249,100
Land market value
$1,287,400
Improvement market value
$1,249,100
Total market value
$2,536,500
Applied tax rate
12.0000
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
For Lease
Year built
1983
Heating
NONE
Buildings
1
Total area
25,504 SF
Lot
2.23 ac (97,139 SF)
Zoning code
BP2
APN
12 03702-0000-00035
UPID
US59-0460057
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BP2 · Eatontown, NJ
Zoning BP2 · permitted uses
BP2 · Eatontown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eatontown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Buildings
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Eatontown Meridian LLC
Entity
Mailing address
PO BOX 353, DEAL, NJ 07723-0353
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
—
Eatontown Meridian LLC
—
Deed
related
$100,000 · Freehold Bank
Mar 15, 2018
—
Eatontown Meridian LLC
—
Deed
related
$1,700,000 · Freehold Svgs Bk
—
—
Eatontown Meridian LLC
—
Deed Of Trust
related
$1,600,000 · Oceanfirst Bk
—
—
Eatontown Meridian LLC
—
Deed Of Trust
related
$128,000 · Oceanfirst Bk
—
—
Eatontown Meridian LLC
—
Deed Of Trust
related
$1,700,000 · Freehold Svgs Bk
—
—
Eatontown Meridian LLC
—
Deed Of Trust
related
$1,800,000 · Yardville National Bank
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?”
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