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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Office buildings
3349 State Rte 138 Wall Township, NJ 07719-9671
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-1324216
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
14,874 SF
Lot
12.49 ac (544,064 SF)
Zoning code
OP10
APN
52 00800-0000-00004
UPID
US59-1324216
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
$3.74M
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$3.31M
Owner & transaction history
Marlen Holdings LLC · 9 yrs held
Marlen Holdings LLC
since 2017
3 recorded transactions
Zoning & alternative use
OP10 · Wall Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+19.3%
Apartment house (5+ units)
$3.9M
+7.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,045,000
6.5%
$3,735,000
7%
$3,470,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,665,000
Current use
COMMERCIAL (GENERAL)
$4,375,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,930,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,065,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±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
$223 / 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
$255,618
Tax year 2022
Assessed value
$12,616,900
Assessed 2023
Previous assessed
$12,616,900
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$1,249,000
Assessed improvement
$11,367,900
Land market value
$1,249,000
Improvement market value
$11,367,900
Total market value
$12,616,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Buildings
1
Units
1
Total area
14,874 SF
Lot
12.49 ac (544,064 SF)
Zoning code
OP10
APN
52 00800-0000-00004
UPID
US59-1324216
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP10 · Wall Township, NJ
Zoning OP10 · permitted uses
OP10 · Wall Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wall Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
Units
1
Lot
12.49 ac
Current owner
From public records · entity-resolved
Marlen Holdings LLC
Entity
Mailing address
3349TH STATE RTE 138TH UNIT C, WALL TOWNSHIP, NJ 07719-9695
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2017
$14,250,000
Marlen Holdings LLC
Victor Aop INC
Grant Deed
related
—
Jun 9, 2004
—
Victor Aop INC
—
Trustees Deed
related
$10,700,000 · Cibc INC
—
—
Victor Aop INC
—
Deed Of Trust
related
$8,260,000 · Investors 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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