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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Commercial real estate
295 State Rte 34 Colts Neck, NJ 07722-2441
Entity Owned
~
Est. High Equity
Property ID
US59-1716766
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
BRICK
Total area
6,438 SF
Lot
1.09 ac (47,263 SF)
Zoning code
B
APN
10 00048-0000-00007- 03
UPID
US59-1716766
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
$1.36M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.56M
Owner & transaction history
Hagop Properties LLC
Hagop Properties LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
B · Colts Neck, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+1.9%
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 Colts Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colts Neck 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
$1,415,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,670,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,700,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$1,585,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.80M (Jul 23 2025)
Last sale anchor
$1.80M
Jul 23 2025
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
$242 / 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
$28,596
Tax year 2022
Assessed value
$1,423,800
Assessed 2023
Previous assessed
$1,423,800
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$722,000
Assessed improvement
$701,800
Land market value
$722,000
Improvement market value
$701,800
Total market value
$1,423,800
Applied tax rate
10.0000
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
2007
Construction
BRICK
Heating
NONE
Stories
2
Total area
6,438 SF
Lot
1.09 ac (47,263 SF)
Zoning code
B
APN
10 00048-0000-00007- 03
UPID
US59-1716766
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B · Colts Neck, NJZoning B · permitted uses
B · Colts Neck, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Year built
2007
Construction
BRICK
Heating
NONE
Stories
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Hagop Properties LLC
Entity
Mailing address
295 STATE RTE 34, COLTS NECK, NJ 07722-2441
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
—
Hagop Properties LLC
—
Deed
related
$50,000 · Trenton Busn Assistance
Feb 9, 2026
—
Hagop Properties LLC
—
Deed
related
$739,000 · Trenton Business Assistance Corporation
Dec 10, 2025
—
J And J Entities LLC
—
Deed
related
$1,080,000 · Oceanfirst Bank
Oct 23, 2025
$1,800,000
Hagop Properties LLC
J And J Entities LLC
Deed
$900,000 · Manasquan Bank
Apr 18, 2022
$1,350,000
J And J Entities LLC
Caruba Properties LLC
Deed
$1,080,000 · Oceanfirst Bank
Mar 24, 2017
—
Caruba Properties LLC
—
Deed
related
$960,000 · Affinity FCU
Mar 20, 2017
—
Caruba Properties LLC
—
Deed
related
$960,000 · Affinity FCU
—
—
Illmensee Family Square LLC
—
Loan Modification
related
$25,000 · Amboy Bk
—
—
Caruba Properties LLC
—
Deed Of Trust
related
$960,000 · Affinity FCU
—
—
Caruba Properties LLC
—
Deed Of Trust
related
$960,000 · Affinity FCU
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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