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Property profile & analytics
OFF-MARKET
Estimated value
$11,035,000
Industrial properties
2230 Landmark Pl Manasquan, NJ 08736-1025
Entity Owned
~
Est. High Equity
Property ID
US59-0928018
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Total area
67,692 SF
Lot
4.14 ac (180,338 SF)
Zoning code
OR-2
APN
52 00819-0000-00038
UPID
US59-0928018
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
$9.99M
Comparable Approach
Comparable
$8.15M
Blend (final)
Blend
$11.04M
Owner & transaction history
Am Realty Holdings LLC
Am Realty Holdings LLC
since 2025
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
OR-2 · Manasquan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$17.9M
+53.6%
Commercial (general)
$17.9M
+53.5%
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 Manasquan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manasquan 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%
$10,815,000
6.5%
$9,985,000
7%
$9,270,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,645,000
Current use
APARTMENT HOUSE (5+ UNITS)
$17,890,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,875,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$11.04M
Range $9.93M – $12.14M · ±10% · vs last sale $13.00M (Jul 2 2025)
Last sale anchor
$13.00M
Jul 2 2025
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
$163 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$93,683
Tax year 2023
Assessed value
$4,576,600
Assessed 2024
Previous assessed
$4,576,600
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$590,000
Assessed improvement
$3,986,600
Land market value
$590,000
Improvement market value
$3,986,600
Total market value
$4,576,600
Applied tax rate
52.0000
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
1991
Heating
NONE
Buildings
1
Total area
67,692 SF
Lot
4.14 ac (180,338 SF)
Zoning code
OR-2
APN
52 00819-0000-00038
UPID
US59-0928018
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OR-2 · Manasquan, NJ
Zoning OR-2 · permitted uses
OR-2 · Manasquan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manasquan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.9M
COMMERCIAL (GENERAL)
Est. value
$17.9M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1991
Heating
NONE
Buildings
1
Lot
4.14 ac
Current owner
From public records · entity-resolved
Am Realty Holdings LLC
Entity
Mailing address
PO BOX 64, ALLENWOOD, NJ 08720-0064
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
$13,000,000
Am Realty Holdings LLC
Ajac II INC
Deed
$4,480,000 · First Bank Of The Lake
Aug 8, 2019
—
Sealed Unit Parts Co INC
—
Grant Deed
related
$5,250,000 · Ocean First Bk NA
Jun 7, 2017
—
Ajac II INC
—
Deed
related
$1,200,000 · Oceanfirst Bk
Apr 13, 2010
—
Ajac II INC
—
Deed Of Trust
related
$9,000,000 · Oceanfirst Bank
Nov 18, 2004
—
Ajac II INC
—
Trustees Deed
related
$2,600,000 · Provident Savings Bank
Feb 16, 2004
—
Ajac II INC
—
Deed Of Trust
related
$8,000,000 · Provident Savings Bank
—
—
Ajac II INC
—
Deed Of Trust
related
$2,370,000 · Oceanfirst Bank
—
—
Sealed Unit Parts Co INC
—
Deed Of Trust
related
$2,000,000 · Oceanfirst Bank
—
—
Ajac II INC
—
Deed Of Trust
related
$1,200,000 · 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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