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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Commercial real estate
224 Rte 537 Colts Neck, NJ 07722-2233
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-1409804
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Total area
3,328 SF
Lot
133.38 ac (5,810,033 SF)
Zoning code
AG
APN
10 00048-0000-00020
UPID
US59-1409804
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
$680k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$685k
Owner & transaction history
Two River Community Bank · 8 yrs held
Two River Community Bank
since 2017
3 recorded transactions
Zoning & alternative use
AG · Colts Neck, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Building height for a single-family dwelling on a ten-acre or larger lot in the AG Agricultural Zone may increase to a maximum of 40 feet in height and 2 1/2 stories, provided that the minimum required front, each side and rear yard setback requirements shall be increased by a minimum of five feet for each foot or portion thereof by which the dwelling exceed…
Zone name
Agricultural
General category
AGRICULTURAL
Zone area
12,327.28 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 Colts Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colts Neck 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
$680,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$865,000
Current use
OFFICE BUILDING
$820,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$206 / 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
$58,323
Tax year 2022
Assessed value
$3,541,000
Assessed 2023
Previous assessed
$3,541,000
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$2,780,300
Assessed improvement
$760,700
Land market value
$2,780,300
Improvement market value
$760,700
Total market value
$3,541,000
Applied tax rate
10.0000
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
1996
Heating
NONE
Buildings
1
Units
1
Total area
3,328 SF
Lot
133.38 ac (5,810,033 SF)
Zoning code
AG
APN
10 00048-0000-00020
UPID
US59-1409804
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
AG · Colts Neck, NJZoning AG · permitted uses
AG · Colts Neck, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Building height for a single-family dwelling on a ten-acre or larger lot in the AG Agricultural Zone may increase to a maximum of 40 feet in height and 2 1/2 stories, provided that the minimum required front, each side and rear yard setback requirements shall be increased by a minimum of five feet for each foot or portion thereof by which the dwelling exceeds 35 feet in building height.
Zone name
Agricultural
General category
AGRICULTURAL
Zone area
12,327.28 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$865,000
OFFICE BUILDING
Est. value
$820,000
COMMERCIAL (GENERAL) Current
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
1996
Heating
NONE
Buildings
1
Units
1
Lot
133.38 ac
Current owner
From public records · entity-resolved
Two River Community Bank
Entity
Mailing address
PO BOX 298, COLTS NECK, NJ 07722-0298
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2017
$1,000,000
Two River Community Bank
Pebble Creek At Colts Neck INC
Dual Purpose Document
related
$1,000,000 · Two River Cmnty Bk
—
—
Pebble Creek At Colts Neck INC
—
Deed Of Trust
related
$150,000 · Two River Community Bank
—
—
Pebble Creek At Colts Neck INC
—
Deed Of Trust
related
$800,000 · Two River 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.
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