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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Industrial properties
2486 Ridgeway Blvd Manchester, NJ 08759-5703
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0489477
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
7,900 SF
Lot
5.2 ac (226,512 SF)
Zoning code
PORL
APN
19 00072- 01-00010- 01
UPID
US59-0489477
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
-
RCJ Builders L.L.C. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.93M
Owner & transaction history
Township Of Manchester · 3 yrs held
Township Of Manchester
since 2023
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
PORL · Manchester, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+78.2%
Commercial (general)
$2.1M
+68.9%
Office building
$1.9M
+49.3%
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
Method
Estimation
Statistic approach
$1,970,000
ML approach
$2,060,000
CAP Approach
CAP Return
Estimation
6%
$1,480,000
6.5%
$1,365,000
7%
$1,265,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,255,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,240,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,125,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$1,880,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.88M (May 2 2023)
Last sale anchor
$1.88M
May 2 2023
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
$244 / 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
$25,034
Tax year 2022
Assessed value
$1,130,200
Assessed 2023
Previous assessed
$1,130,200
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$780,000
Assessed improvement
$350,200
Land market value
$780,000
Improvement market value
$350,200
Total market value
$1,130,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Stories
3
Units
1
Total area
7,900 SF
Lot
5.2 ac (226,512 SF)
Zoning code
PORL
APN
19 00072- 01-00010- 01
UPID
US59-0489477
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
PORL · Manchester, NJ
Zoning PORL · permitted uses
PORL · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
Heating
NONE
Stories
3
Units
1
Lot
5.2 ac
Current owner
From public records · entity-resolved
Township Of Manchester
Individual
Mailing address
2486 RIDGEWAY BLVD MANCHESTER
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$4,184
Township Of Manchester
Jeffers Realty LLC
Redemption Deed
related
—
Apr 24, 2023
$1,875,000
2486 Ridgeway LLC
Jeffer Realty LLC
Deed
$950,000 · M & T Bank
Oct 26, 2006
—
County Of Ocean
Jeffers Realty LLC
Grant Deed
related
—
—
—
Robert Jeffers JR
—
Deed Of Trust
related
$150,000 · Pasquale Giganti
—
—
Robert Jeffers JR.
—
Deed Of Trust
related
$150,000 · Pasquale Giganti
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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