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Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Commercial real estate
2170 State Rte 35 Holmdel, NJ 07733-1125
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US59-1203348
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
29,740 SF
Lot
6.52 ac (284,011 SF)
Zoning code
LIH
APN
20 00050- 31-00077
UPID
US59-1203348
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
$2.63M
Blend (final)
Blend
$3.71M
Owner & transaction history
Route 35 Dearborn Realty LLC · 10 yrs held
Route 35 Dearborn Realty LLC
since 2015
2 recorded transactions
Zoning & alternative use
LIH · Holmdel, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Regulations for the LIH District are as follows. § 30-148.2 Purpose. [1976 Code § 78-86.1; Ord. No. 3-82 ; Ord. No. 94-5 ] The purpose of this district is to provide an area for light or moderate intensity office, laboratory, light industrial, and community service development or retirement housing with major highway access and water and sewer service. All d…
Zone name
Low Impact Highway
General category
INDUSTRIAL
Zone area
119.66 ac
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 Holmdel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holmdel 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±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
$125 / 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
$101,091
Tax year 2022
Assessed value
$5,775,000
Assessed 2023
Previous assessed
$5,775,000
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$3,084,000
Assessed improvement
$2,691,000
Land market value
$3,084,000
Improvement market value
$2,691,000
Total market value
$5,775,000
Applied tax rate
20.0000
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
Construction
BRICK
Heating
NONE
Buildings
1
Stories
2
Total area
29,740 SF
Lot
6.52 ac (284,011 SF)
Zoning code
LIH
APN
20 00050- 31-00077
UPID
US59-1203348
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LIH · Holmdel, NJZoning LIH · permitted uses
LIH · Holmdel, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Regulations for the LIH District are as follows. § 30-148.2 Purpose. [1976 Code § 78-86.1; Ord. No. 3-82 ; Ord. No. 94-5 ] The purpose of this district is to provide an area for light or moderate intensity office, laboratory, light industrial, and community service development or retirement housing with major highway access and water and sewer service. All development shall comply with the applicable provisions of Chapter 14 . Affordable Housing and this chapter with regard to lower income housing.
Zone name
Low Impact Highway
General category
INDUSTRIAL
Zone area
119.66 ac
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
2
Buildings
1
Lot
6.52 ac
Current owner
From public records · entity-resolved
Route 35 Dearborn Realty LLC
Entity
Mailing address
10 CENTERVILLE RD, HOLMDEL, NJ 07733-1103
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2015
$5,500,000
Route 35 Dearborn Realty LLC
Dearborn Associates LLC
Grant Deed
related
$155,000 · Ally Bk
Dec 21, 1999
—
Dolores K Luccarelli
Owner Name Unavailable
Grant Deed
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.
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