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Property profile & analytics
OFF-MARKET
Estimated value
$10,250,000
Industrial properties
32 Chestnut St, Farmingdale, NJ 07727-1306
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1166139
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1938
Construction
METAL FRAME
Total area
86,936 SF
Lot
3.42 ac (148,975 SF)
Zoning code
LI
APN
15 00023-0000-00002
UPID
US59-1166139
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
$10.83M
CAP Approach
CAP
$12.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.25M
Owner & transaction history
32 Chestnut Gf LLC · 4 yrs held
32 Chestnut Gf LLC
since 2021
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
LI · 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
$10,485,000
ML approach
$10,830,000
CAP Approach
CAP Return
Estimation
6%
$13,890,000
6.5%
$12,820,000
7%
$11,905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,960,000
Current use
Blend value · Realmo final
$10.25M
Range $9.23M – $11.28M · ±10% · vs last sale $8.55M (Oct 29 2021)
Last sale anchor
$8.55M
Oct 29 2021
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
$118 / 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
$78,365
Tax year 2022
Assessed value
$8,462,800
Assessed 2023
Previous assessed
$8,462,800
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$315,300
Assessed improvement
$8,147,500
Land market value
$315,300
Improvement market value
$8,147,500
Total market value
$8,462,800
Applied tax rate
15.0000
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
Year built
1938
Construction
METAL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
86,936 SF
Lot
3.42 ac (148,975 SF)
Zoning code
LI
APN
15 00023-0000-00002
UPID
US59-1166139
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Farmingdale, NJ
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$15.0M
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
Year built
1938
Construction
METAL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
3.42 ac
Current owner
From public records · entity-resolved
32 Chestnut Gf LLC
Entity
Mailing address
118 MONMOUTH AVE, LAKEWOOD, NJ 08701-3347
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2023
—
Chestnut Gf LLC
—
Deed
related
$2,000,000 · Td Bank NA
Aug 22, 2022
—
32 Chestnut Gf LLC
—
Deed
related
$200,000 · Td Bank NA
Mar 4, 2022
—
32 Chestnut Gf LLC
—
Deed
related
$200,000 · Td Bank NA
Oct 29, 2021
$8,550,000
32 Chestnut Gf LLC
32 Chestnut Realty LLC
Bargain And Sale Deed
$7,000,000 · Td Bank NA
Jun 25, 2019
—
32 Chestnut Realty LLC
—
Deed
related
$3,600,000 · Fulton Bk/nj
May 22, 2019
$4,000,000
32 Chestnut Realty LLC
RT Equities LLC
Grant Deed
$3,600,000 · Fulton Bk/nj
—
—
32 Chestnut Realty LLC
—
Deed Of Trust
related
$3,600,000 · Fulton Bk/nj
—
—
R T Equities LLC
—
Deed Of Trust
related
$415,000 · Sovereign 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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