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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Commercial real estate
255 Squankum Rd, Farmingdale, NJ 07727-3755
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-3078144
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Total area
3,665 SF
Lot
14.45 ac (629,442 SF)
Zoning code
SED
APN
21 00049-0000-00011
UPID
US59-3078144
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
$580k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$580k
Owner & transaction history
County Of Monmouth · 1 yrs held
County Of Monmouth
since 2024
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
SED · Farmingdale, 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 Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale 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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$875,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $580k (May 8 2024)
Last sale anchor
$580k
May 8 2024
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
$158 / 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
$14,039
Tax year 2022
Assessed value
$623,300
Assessed 2023
Previous assessed
$623,300
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$409,700
Assessed improvement
$213,600
Land market value
$409,700
Improvement market value
$213,600
Total market value
$623,300
Applied tax rate
21.0000
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
1930
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Total area
3,665 SF
Lot
14.45 ac (629,442 SF)
Zoning code
SED
APN
21 00049-0000-00011
UPID
US59-3078144
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
SED · Farmingdale, NJ
Zoning SED · permitted uses
SED · Farmingdale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmingdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$875,000
COMMERCIAL (GENERAL) Current
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
Year built
1930
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Lot
14.45 ac
Current owner
From public records · entity-resolved
County Of Monmouth
Entity
Free & Clear · 1 yrs held
Mailing address
1 E MAIN ST, FREEHOLD, NJ 07728-2273
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
County Of Monmouth
Rod Zarelli
Deed
—
May 8, 2024
—
County Of Monmouth
Rod Zarelli
Gift Deed
related
—
Dec 27, 2023
—
Rod Zarelli
—
Deed
related
$678,500 · Manasquan Bank
Dec 22, 2023
—
Zarelli Construction INC
Rod Zarelli
Intrafamily Transfer
related
—
Feb 4, 2019
—
Rod Zarelli
—
Deed
related
$430,000 · Manasquan Bk
Sep 5, 2017
—
Rod V Zarelli
—
Deed
related
$160,000 · Manasquan Bk
Mar 23, 2011
—
Rod Zarelli
Zarelli,rod
Quit Claim Deed
related
—
Sep 1, 2006
$580,000
Rod Zarelli
Dolan,douglas B
Grant Deed
$406,000 · Manasquan Savings Bank
—
—
Rod Zarelli
—
Deed Of Trust
related
$430,000 · Manasquan Bk
—
—
Rod Zarelli
—
Deed Of Trust
related
$430,000 · Manasquan Bk
—
—
Rod V Zarelli
—
Deed Of Trust
related
$125,000 · Manasquan Bk
—
—
Rod V Zarelli
—
Loan Modification
related
$160,000 · Manasquan Bk
—
—
Rod Zarelli
—
Deed Of Trust
related
$678,500 · Manasquan Savings Bank
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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