Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Commercial real estate
2111 Rte 37 Manchester, NJ 08759-5648
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-2195272
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2014
Construction
CONCRETE BLOCKS
Total area
9,790 SF
Lot
2.36 ac (102,802 SF)
Zoning code
HD3A
APN
19 00038-0000-00003- 01
UPID
US59-2195272
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
$1.74M
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$1.27M
Owner & transaction history
Danbury Apple LLC · 9 yrs held
Danbury Apple LLC
since 2016
7 recorded transactions
Zoning & alternative use
HD3A · Manchester, 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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$129 / 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
$33,125
Tax year 2022
Assessed value
$1,495,500
Assessed 2023
Previous assessed
$1,495,500
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$590,000
Assessed improvement
$905,500
Land market value
$590,000
Improvement market value
$905,500
Total market value
$1,495,500
Applied tax rate
19.0000
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
2014
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
9,790 SF
Lot
2.36 ac (102,802 SF)
Zoning code
HD3A
APN
19 00038-0000-00003- 01
UPID
US59-2195272
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HD3A · Manchester, NJ
Zoning HD3A · permitted uses
HD3A · Manchester, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
2.36 ac
Current owner
From public records · entity-resolved
Danbury Apple LLC
Entity
Mailing address
128 MERRITT DR, ORADELL, NJ 07649-1823
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2016
$1,575,000
Danbury Apple LLC
Greentree At Manchester LLC
Grant Deed
$1,102,500 · Atlantic Stewardship Bk
Jan 11, 2007
$850,000
Ocean Senior Living LLC
Pisciotta,margaret & Alexander W
Grant Deed
—
Dec 21, 2006
$850,000
Ocean Senior Living LLC
Pisciotta,alexander W & Margaret
Grant Deed
$1,200,000 · Shore Community Bank
—
—
Greentree At Manchester LLC
—
Deed Of Trust
related
$958,608 · Shore Community Bank
—
—
Ocean Senior Living LLC
—
Deed Of Trust
related
$86,895 · Shore Community Bank
—
—
Ocean Senior Living LLC
—
Loan Modification
related
$1,032,299 · Shore Community Bank
—
—
Ocean Senior Living LLC
—
Loan Modification
related
$1,200,000 · Shore Community 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?”
You own 2111 Rte 37?
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.
