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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Banks
2601 State Rte 138 Wall Township, NJ 07719-9660
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0715566
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1975
Total area
2,541 SF
Lot
1.33 ac (57,935 SF)
Zoning code
OP-2
APN
52 00745-0000-00016
UPID
US59-0715566
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
$2.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
2601 Wall Property LLC · 3 yrs held
2601 Wall Property LLC
since 2022
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
OP-2 · Wall Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended for a mix of office park uses, including professional services, light manufacturing, wholesale, and various institutional and personal services.
Zone name
Office Park
General category
INDUSTRIAL
Zone area
433.05 ac
Source
Realmo
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 Wall Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wall Township 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
$2,255,000
ML approach
$2,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.15M (Nov 7 2022)
Last sale anchor
$2.15M
Nov 7 2022
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
$887 / 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
$18,564
Tax year 2022
Assessed value
$916,300
Assessed 2023
Previous assessed
$916,300
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$266,000
Assessed improvement
$650,300
Land market value
$266,000
Improvement market value
$650,300
Total market value
$916,300
Applied tax rate
52.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
1
Total area
2,541 SF
Lot
1.33 ac (57,935 SF)
Zoning code
OP-2
APN
52 00745-0000-00016
UPID
US59-0715566
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP-2 · Wall Township, NJZoning OP-2 · permitted uses
OP-2 · Wall Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended for a mix of office park uses, including professional services, light manufacturing, wholesale, and various institutional and personal services.
Zone name
Office Park
General category
INDUSTRIAL
Zone area
433.05 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Buildings
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
2601 Wall Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
173 BRG PLZ N, FORT LEE, NJ 07024-7575
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$2,150,000
2601 Wall Property LLC
Jpmorgan Chase Bank National Associ
Deed
—
Oct 13, 2006
$900,000
Jp Morgan Chase Bank NA
Bank Of New York
Grant Deed
related
—
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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