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Property profile & analytics
OFF-MARKET
Estimated value
$5,230,000
Industrial properties
200 Commerce Ave 300 Freehold, NJ 07728-9379
Individually Owned
24-yr Hold
Free & Clear
Property ID
US59-1952646
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Total area
32,800 SF
Lot
6.32 ac (275,299 SF)
Zoning code
LI-3
APN
17 00042-0000-00026- 01
UPID
US59-1952646
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
$4.84M
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$5.23M
Owner & transaction history
Marie Field · 24 yrs held
Marie Field
since 2002
7 recorded transactions
Zoning & alternative use
LI-3 · Freehold, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.7M
+28.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,240,000
6.5%
$4,835,000
7%
$4,490,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,760,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,670,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,695,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$5,935,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.23M
Range $4.71M – $5.75M · ±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
$159 / 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
$125,214
Tax year 2022
Assessed value
$7,114,300
Assessed 2023
Previous assessed
$7,114,300
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,011,200
Assessed improvement
$6,103,100
Land market value
$1,011,200
Improvement market value
$6,103,100
Total market value
$7,114,300
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
2003
Heating
NONE
Buildings
1
Total area
32,800 SF
Lot
6.32 ac (275,299 SF)
Zoning code
LI-3
APN
17 00042-0000-00026- 01
UPID
US59-1952646
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
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$6.7M
OFFICE BUILDING
Est. value
$5.9M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
NONE
Buildings
1
Lot
6.32 ac
Current owner
From public records · entity-resolved
Marie Field
Individual
Free & Clear · 24 yrs held
Mailing address
PO BOX 36, ADELPHIA, NJ 07710-0036
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
—
The Field Family Limited Partnershi
—
Deed
related
$3,000,000 · Oceanfirst Bank
Aug 22, 2018
—
Field Family LP
—
Deed
related
$1,500,000 · Oceanfirst Bk
Aug 3, 2018
—
Field Fam LP
—
Deed
related
$2,750,000 · Oceanfirst Bk
Jun 1, 2002
$1,650,000
Marie Field
Shore Office Group LLC II
Grant Deed
—
Apr 11, 2002
—
Freehold Twp
Shore Office Group LLC II
Grant Deed
related
—
Apr 11, 2002
$1
Freehold Twp
Shore Office Group LLC II
Grant Deed
related
—
Dec 6, 2001
—
Shore Office Group LLC II
Twp Of Freehold
Grant Deed
related
—
Jan 26, 2001
$1
Shore Office Group II
Shore Office Group LLC II
Grant Deed
related
—
—
—
Pas Properties LLC Etal
—
Deed Of Trust
related
$1,160,000 · Commerce Bk/shore
—
—
Marie Field
—
Deed Of Trust
related
$1,525,000 · Wachovia Bk/nc
—
—
Shore Office Group LLC II
—
Deed Of Trust
related
$4,560,000 · Commerce Bk/shore
—
—
Field Family LP
—
Deed Of Trust
related
$1,500,000 · Oceanfirst Bk
—
—
Field Fam LP
—
Deed Of Trust
related
$2,750,000 · Oceanfirst 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.
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