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Property profile & analytics
OFF-MARKET
Estimated value
$7,720,000
Industrial properties
34-38 Industrial E Way 38 Eatontown, NJ 07724-3319
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1801326
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Total area
53,225 SF
Lot
8.9 ac (387,684 SF)
Zoning code
M1
APN
12 03901-0000-00050
UPID
US59-1801326
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
$7.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.72M
Owner & transaction history
25 James Way Holdings LLC · 10 yrs held
25 James Way Holdings LLC
since 2016
6 recorded transactions
Zoning & alternative use
M1 · Eatontown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.2M
+2.3%
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 Eatontown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eatontown 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%
$8,505,000
6.5%
$7,850,000
7%
$7,290,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,970,000
Current use
COMMERCIAL (GENERAL)
$11,220,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$7.72M
Range $6.95M – $8.49M · ±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
$145 / 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
$193,295
Tax year 2022
Assessed value
$9,793,900
Assessed 2023
Previous assessed
$9,793,900
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$4,441,100
Assessed improvement
$5,352,800
Land market value
$4,441,100
Improvement market value
$5,352,800
Total market value
$9,793,900
Applied tax rate
12.0000
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
2000
Heating
NONE
Buildings
1
Total area
53,225 SF
Lot
8.9 ac (387,684 SF)
Zoning code
M1
APN
12 03901-0000-00050
UPID
US59-1801326
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Eatontown, NJ
Zoning M1 · permitted uses
M1 · Eatontown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eatontown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.0M
COMMERCIAL (GENERAL)
Est. value
$11.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
Year built
2000
Heating
NONE
Buildings
1
Lot
8.9 ac
Current owner
From public records · entity-resolved
25 James Way Holdings LLC
Entity
Mailing address
2-12 CORBETT WAY, EATONTOWN, NJ 07724-4251
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2016
$7,800,000
25 James Way Holdings LLC
Us Bank NA 2006-c
Grant Deed
related
$6,700,000 · Lakeland Bk
Nov 4, 2013
—
Us Bank NA 2006-c2 Tr
Petrella,james J
Grant Deed
related
—
Jan 18, 2006
$9,655,550
34 38 Industrial Way Ea Arg
Eatontown 5 Associates
Grant Deed
—
—
—
34-38 Industrial Way LLC
—
Deed Of Trust
related
$750,000 · Lakeland Bk
—
—
34-38 Industrial Way LLC
—
Deed Of Trust
related
$400,000 · Lakeland Bk
—
—
34-38 Industrial Way LLC
—
Deed Of Trust
related
$8,500,000 · 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
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