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Property profile & analytics
OFF-MARKET
Estimated value
$19,230,000
Industrial properties
246 Industrial W Way Eatontown, NJ 07724-4240
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0597727
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1981
Total area
201,081 SF
Lot
9.64 ac (419,918 SF)
Zoning code
BP2
APN
12 03502-0000-00008
UPID
US59-0597727
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
$12.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.63M
Blend (final)
Blend
$19.23M
Owner & transaction history
246 Industrial LLC · 6 yrs held
246 Industrial LLC
since 2020
Last sale
$17.6M
7 recorded transactions
Zoning & alternative use
BP2 · Eatontown, 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 Eatontown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eatontown 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
$21,765,000
ML approach
$12,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.23M
Range $17.31M – $21.15M · ±10% · vs last sale $17.55M (Mar 13 2020)
Last sale anchor
$17.55M
Mar 13 2020
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
$96 / 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
$294,453
Tax year 2022
Assessed value
$14,698,000
Assessed 2023
Previous assessed
$14,698,000
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$4,810,400
Assessed improvement
$9,887,600
Land market value
$4,810,400
Improvement market value
$9,887,600
Total market value
$14,698,000
Applied tax rate
12.0000
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
1981
Heating
NONE
Buildings
1
Total area
201,081 SF
Lot
9.64 ac (419,918 SF)
Zoning code
BP2
APN
12 03502-0000-00008
UPID
US59-0597727
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BP2 · Eatontown, NJ
Zoning BP2 · permitted uses
BP2 · Eatontown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eatontown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Buildings
1
Lot
9.64 ac
Current owner
From public records · entity-resolved
246 Industrial LLC
Entity
Free & Clear · 6 yrs held
Mailing address
250 W 54TH ST STE #702, NEW YORK, NY 10019-5515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Apr 4, 2022
—
246 Industrial LLC
—
Deed
related
$23,000,000 · Blue Foundry Bank
Mar 13, 2020
$17,550,000
246 Industrial LLC
Rref-246 Industrial LLC
Grant Deed
related
—
Mar 13, 2020
—
246 Industrial LLC
—
Deed
related
$15,040,000 · American Heritage FCU
Sep 6, 2017
—
Standard Insurance Co
Rref 246-industrial LLC
Grant Deed
related
$12,100,000 · Miscellaneous Ins Co
Mar 16, 2017
$1,000
Rref-246 Industrial LLC
Sheriff Of Monmouth County|industrial Way Complex
Trustees Deed
related
—
Mar 25, 2004
—
Inland Mortgage Corp
Industrial Way Complex LLC
Grant Deed
related
—
Mar 25, 2004
$11,600,000
Industrial Way Complex LLC
Industrial Way LLC
Grant Deed
related
$11,600,000 · Inland Mortgage Corp
—
—
246 Industrial LLC
—
Deed Of Trust
related
$15,040,000 · American Heritage FCU
—
—
Rref-246 Industrial
—
Deed Of Trust
related
$12,100,000 · Miscellaneous Ins Co
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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