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Property profile & analytics
OFF-MARKET Estimated value $580,000
Banks

290 State Rte 34 Colts Neck, NJ 07722-2407

3,960 SF 1.09 ac lot Built 2007
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US59-2072493
Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2007
Construction BRICK
Total area 3,960 SF
Lot 1.09 ac (47,480 SF)
Zoning code B-1A
APN 10 00046- 01-00016
UPID US59-2072493
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
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$683k
Blend (final) Blend
$580k
Owner & transaction history
Y & J REALTY 2 LLC
Y & J REALTY 2 LLC
Zoning & alternative use
B-1A · Colts Neck, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-1A District. [Added 4-29-1997 ] A. Purpose. This district has been established in recognition of the need to provide adequate housing to meet the unique requirements of senior citizens with respect to design and proximity to open space, recreation and shopping areas. It is intended that this zone provide an opportunity for the development of assisted livin…

Zone name Business
General category COMMERCIAL
Zone area 22.87 ac
Top alternative use upside
Office building $775,000 +63.3%
Auto repair, garage $590,000 +25.0%
Commercial (general) $485,000 +1.8%
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