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Property profile & analytics
OFF-MARKET
Estimated value
$6,380,000
Industrial properties
20-22 Meridian Rd 22 Eatontown, NJ 07724-2267
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2124231
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Total area
42,400 SF
Lot
5.99 ac (260,924 SF)
Zoning code
BP2
APN
12 03702-0000-00034
UPID
US59-2124231
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
$6.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.38M
Owner & transaction history
22 Meridian Road LLC · 9 yrs held
22 Meridian Road LLC
since 2017
4 recorded transactions
Zoning & alternative use
BP2 · Eatontown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.5M
+19.6%
Commercial (general)
$8.9M
+2.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,775,000
6.5%
$6,255,000
7%
$5,805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,740,000
Current use
OFFICE BUILDING
$10,455,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,935,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$6.38M
Range $5.74M – $7.02M · ±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
$150 / 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
$165,341
Tax year 2022
Assessed value
$8,331,800
Assessed 2023
Previous assessed
$8,331,800
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$3,268,500
Assessed improvement
$5,063,300
Land market value
$3,268,500
Improvement market value
$5,063,300
Total market value
$8,331,800
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
Off-Market
Year built
1983
Heating
NONE
Buildings
1
Total area
42,400 SF
Lot
5.99 ac (260,924 SF)
Zoning code
BP2
APN
12 03702-0000-00034
UPID
US59-2124231
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.7M
OFFICE BUILDING
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$8.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1983
Heating
NONE
Buildings
1
Lot
5.99 ac
Current owner
From public records · entity-resolved
22 Meridian Road LLC
Entity
Mailing address
2-12 CORBETT WAY, EATONTOWN, NJ 07724-4251
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2017
$7,800,000
22 Meridian Road LLC
2022 Meridian LLC
Grant Deed
related
$6,000,000 · Td Bk NA
—
—
22 Meridian Road LLC
—
Deed Of Trust
related
$1,250,000 · Other Institutional Lenders
—
—
2022 Meridian LLC
—
Deed Of Trust
related
$5,500,000 · Bear Stearns Commercial Mtg
—
—
2022 Meridian LLC
—
Deed Of Trust
related
$5,500,000 · Two River Cmnty Bk
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
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