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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Commercial real estate
24 Merchants Way Colts Neck, NJ 07722-1570
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-2059780
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
15,000 SF
Lot
1.49 ac (64,904 SF)
APN
10 00031- 01-00010
UPID
US59-2059780
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
Current use
Occupant on record · Public records
-
Local Gold, LLC Advertising Agency Marketing & Advertising
-
Robert J McGowan & Associates, LLC Law Firm
-
Home Relocation Guide Publishing House
-
BROOKLYN HOME GUIDE Publishing House
-
Home Improvement Guide Direct Mail Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.99M
Owner & transaction history
2g Merchants Way LLC · 6 yrs held
2g Merchants Way LLC
since 2019
7 recorded transactions
Zoning & alternative use
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±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
$132 / 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
$41,681
Tax year 2022
Assessed value
$2,575,900
Assessed 2023
Previous assessed
$2,575,900
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$803,000
Assessed improvement
$1,772,900
Land market value
$803,000
Improvement market value
$1,772,900
Total market value
$2,575,900
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
1989
Heating
NONE
Total area
15,000 SF
Lot
1.49 ac (64,904 SF)
APN
10 00031- 01-00010
UPID
US59-2059780
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
1.49 ac
Current owner
From public records · entity-resolved
2g Merchants Way LLC
Entity
Mailing address
253 MAIN ST #385, MATAWAN, NJ 07747-3222
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
Yellowbrook Commons LLC
—
Deed
related
$750,000 · Manasquan Bank
Nov 18, 2019
—
Trenton Busn Assistance Corp
—
Deed
related
$1,250,000 · Valley Nat'l Bk
Sep 3, 2019
$2,500,000
2g Merchants Way LLC
Eques Dev Group INC
Grant Deed
$1,250,000 · Valley Nat'l Bk
—
—
Middlesex Dev Grp Of Shrewsbur
—
Deed Of Trust
related
$200,000 · Amboy Nat'l Bk
—
—
Middlesex Development Group Co
—
Deed Of Trust
related
$250,000 · Amboy Nat'l Bk
—
—
Middlesex Dev Group & Wall Twp I
—
Deed Of Trust
related
$100,000 · Allaire Woods Assn
—
—
Middlesex Development Grp INC
—
Deed Of Trust
related
$1,120,000 · Amboy Nat'l Bk
—
—
Middlesex Development Group In
—
Deed Of Trust
related
$520,000 · Amboy Nat'l Bk
—
—
Eques Development Group INC
—
Deed Of Trust
related
$1,235,000 · Column Fin'l
—
—
Trenton Busn Assistance Corp
—
Deed Of Trust
related
$1,250,000 · Valley Nat'l Bk
—
—
2g Merchants Way LLC
—
Deed Of Trust
related
$1,030,000 · Trenton Busn Assistance
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.
Try Rey
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