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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Commercial real estate
340 Manalapan Rd Spotswood, NJ 08884
Individually Owned
9-yr Hold
Free & Clear
Property ID
US59-1266759
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
8,512 SF
Lot
65.36 ac (2,847,082 SF)
Zoning code
MH
APN
24 00001- 1-00001
UPID
US59-1266759
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
$1.14M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.46M
Owner & transaction history
Hometown Clearwater Village Ll · 9 yrs held
Hometown Clearwater Village Ll
since 2017
2 recorded transactions
Zoning & alternative use
MH · Spotswood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
HOME | Borough of Spotswood
Top alternative use upside
Office building
$2.3M
+22.0%
Apartment house (5+ units)
$2.1M
+9.9%
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 Spotswood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spotswood 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%
$1,230,000
6.5%
$1,135,000
7%
$1,050,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,910,000
Current use
OFFICE BUILDING
$2,330,000
Change: +22% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,095,000
Change: +10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,895,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$172 / 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
$482,946
Tax year 2022
Assessed value
$13,767,000
Assessed 2023
Previous assessed
$13,767,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$10,769,300
Assessed improvement
$2,997,700
Land market value
$10,769,300
Improvement market value
$2,997,700
Total market value
$13,767,000
Applied tax rate
24.0000
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
Heating
NONE
Total area
8,512 SF
Lot
65.36 ac (2,847,082 SF)
Zoning code
MH
APN
24 00001- 1-00001
UPID
US59-1266759
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
MH · Spotswood, NJZoning MH · permitted uses
MH · Spotswood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
HOME | Borough of Spotswood
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
Lot
65.36 ac
Current owner
From public records · entity-resolved
Hometown Clearwater Village Ll
Individual
Free & Clear · 9 yrs held
Mailing address
110 N WACKER DR #4500, CHICAGO, IL 60606-1513
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2017
$26,360,000
Hometown Clearwater Village Ll
Clearwater Village LLC
Grant Deed
related
—
Jun 12, 2007
—
Clearwater Village LLC
Weingarten Libby Trust
Trustees Deed
$14,100,000 · Capmark 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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