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Property profile & analytics
OFF-MARKET Estimated value $520,000
Commercial real estate

239 State Rte 79th N Morganville, NJ 07751-1157

2,156 SF 1 ac lot Built 1965
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US59-1149597
Property summary
AI-generated overview

This exceptional investment opportunity presents a mixed-use property ideally situated on Route 79 in the Morganville section of Marlboro Township, NJ. The property encompasses two buildings on a one-acre lot, offering a compelling blend of commercial and residential income streams. The main building, a three-story structure, features approximately 1,000 square feet of ground-floor retail space currently leased to long-term tenants under multi-year agreements. Above the retail space, a spacious 1,160-square-foot, two-bedroom apartment occupies the second floor. This apartment boasts an oversized galley kitchen, dining room, living room, laundry facilities, and a private outdoor deck. Additional rooms on the third floor, accessible via a separate entrance, are currently used as storage by the apartment tenant. A second building on the property provides an additional 780 square feet of workshop and retail space, complemented by ample attic storage on the second floor. The entire property benefits from a recently installed, large-capacity, state-of-the-art sewage system, ensuring efficient and reliable operation. The property's location in a C-2 Neighborhood Commercial District and its backing to the Henry Hudson Trail add to its desirability. This income-producing property, with its established tenants and diverse space, represents a strong addition to any investment portfolio. The property is listed at $695,000 and offers significant potential for long-term growth and return.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1965
Construction TYPE NOT SPECIFIED
Total area 2,156 SF
Lot 1 ac (43,560 SF)
Zoning code C-2
APN 30 00168-0000-00010
UPID US59-1149597
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
$450k
Comparable Approach Comparable
$634k
Blend (final) Blend
$520k
Owner & transaction history
239 Placko LLC
239 Placko LLC
since 2026
Last sale
$610,000
2 recorded transactions
2026
$610,000
1969
Price N/A
Zoning & alternative use
C-2 · Morganville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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