Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Industrial properties
272 Lanes Ml Rd Howell, NJ 07731-2524
Individually Owned
4-yr Hold
Free & Clear
Property ID
US59-0705642
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
5,800 SF
Lot
6 ac (261,360 SF)
Zoning code
ARE3
APN
21 00026-0000-00044
UPID
US59-0705642
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
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$830k
Owner & transaction history
Township Of Howell · 4 yrs held
Township Of Howell
since 2021
7 recorded transactions
Zoning & alternative use
ARE3 · Howell, 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 Howell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Howell 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%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,000,000
Current use
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$143 / 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
$19,312
Tax year 2022
Assessed value
$944,800
Assessed 2023
Previous assessed
$944,800
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$161,000
Assessed improvement
$783,800
Land market value
$161,000
Improvement market value
$783,800
Total market value
$944,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
1
Total area
5,800 SF
Lot
6 ac (261,360 SF)
Zoning code
ARE3
APN
21 00026-0000-00044
UPID
US59-0705642
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
ARE3 · Howell, NJ
Zoning ARE3 · permitted uses
ARE3 · Howell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Howell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
INDUSTRIAL (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
Heating
NONE
Buildings
1
Lot
6 ac
Current owner
From public records · entity-resolved
Township Of Howell
Individual
Free & Clear · 4 yrs held
Mailing address
272 LANES ML RD, HOWELL, NJ 07731-2524
Ownership since
2021
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
Oct 19, 2021
—
Township Of Howell
272 Lmr Holdings LLC
Deed
—
Jan 8, 2020
—
272 Lmr Holdings LLC
—
Deed
related
$929,000 · Lakeland Bk
Oct 27, 2016
$875,000
272 Lmr Holdings LLC
272 Lanes Mill Road LLC
Grant Deed
related
$1,355,000 · Community Fsb
Jul 1, 2016
—
272 Lanes Mill Road LLC
—
Trustees Deed
related
$300,000 · Ditmas Pk Cap LP
Jul 29, 2015
—
Township Of Howell
272 Lanes Mill Road LLC
Grant Deed
related
—
Aug 5, 2009
—
Howell Twp
Fridmann,simon
Grant Deed
related
—
Oct 22, 2008
—
272 Lanes Mill Road LLC
Fridmann,rivka
Grant Deed
related
—
—
—
272 Lmr Holdings LLC
—
Deed Of Trust
related
$1,031,000 · Lakeland Bk
—
—
272 Lmr Holdings LLC
—
Deed Of Trust
related
$929,000 · Lakeland Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 272 Lanes Ml Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
