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Property profile & analytics
OFF-MARKET
Estimated value
$4,015,000
Commercial real estate
2341 Rte 70 Manchester, NJ 08759-4751
Entity Owned
7-yr Hold
Free & Clear
Property ID
US59-2182564
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
40,580 SF
Lot
5.81 ac (253,301 SF)
Zoning code
OP
APN
19 00060- 10-00024
UPID
US59-2182564
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
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
Arec 28 LLC · 7 yrs held
Arec 28 LLC
since 2018
6 recorded transactions
Zoning & alternative use
OP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$99 / 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
$87,661
Tax year 2022
Assessed value
$3,957,600
Assessed 2023
Previous assessed
$3,957,600
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$2,469,300
Assessed improvement
$1,488,300
Land market value
$2,469,300
Improvement market value
$1,488,300
Total market value
$3,957,600
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
Heating
NONE
Units
1
Total area
40,580 SF
Lot
5.81 ac (253,301 SF)
Zoning code
OP
APN
19 00060- 10-00024
UPID
US59-2182564
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP · Manchester, NJ
Zoning OP · permitted uses
OP · 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
Heating
NONE
Units
1
Lot
5.81 ac
Current owner
From public records · entity-resolved
Arec 28 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2018
—
Arec 28 LLC
Amerco Real Estate Co
Warranty Deed
—
Jul 21, 2015
$3,097,500
Amerco Real Estate Co
Geccmc 2002-2 Route 70 LLC
Grant Deed
—
Jul 15, 2013
$100
Geccmc 2002-2 Route 70 LLC
Sheriff Of Ocean County
Trustees Deed
—
Jul 8, 2005
$3,200,000
U Storage Manchester Mini
Manchester Self-storage LLC
Grant Deed
$2,000,000 · Ge Capital Commercial Mtg Corp
Jul 23, 2002
—
Manchester Self-storage LLC
—
Deed Of Trust
related
$2,000,000 · Bridger Commercial Funding LLC
—
—
Manchester Self Storage LLC
—
Deed Of Trust
related
$1,700,000 · Commerce Bank Shore NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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