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Property profile & analytics
FOR SALE
Commercial real estate
3443 State Route 66 Neptune, NJ 07753
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2685391
For Sale
1 / 38
$5,500,000
3443 State Route 66, Neptune, NJ 07753
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Total area
17,287 SF
Lot
3.07 ac (133,729 SF)
Zoning code
C-1
APN
35 03701-0000-00009
UPID
US59-2685391
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
$3.20M
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
$3.40M
Blend (final)
Blend
$3.27M
Owner & transaction history
3443 Rt66 LLC · 4 yrs held
3443 Rt66 LLC
since 2022
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
C-1 · Neptune, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.6M
+2.2%
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 Neptune submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neptune 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
$3,355,000
ML approach
$3,195,000
CAP Approach
CAP Return
Estimation
6%
$3,890,000
6.5%
$3,590,000
7%
$3,335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,470,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,570,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$3.27M
Range $2.94M – $3.60M · ±10% · vs last sale $3.20M (Mar 1 2022)
Last sale anchor
$3.20M
Mar 1 2022
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
$189 / 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
$47,942
Tax year 2022
Assessed value
$2,535,000
Assessed 2023
Previous assessed
$2,535,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,239,000
Assessed improvement
$1,296,000
Land market value
$1,239,000
Improvement market value
$1,296,000
Total market value
$2,535,000
Applied tax rate
35.0000
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
For Sale
Year built
1974
Heating
NONE
Buildings
1
Total area
17,287 SF
Lot
3.07 ac (133,729 SF)
Zoning code
C-1
APN
35 03701-0000-00009
UPID
US59-2685391
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Neptune, NJ
Zoning C-1 · permitted uses
C-1 · Neptune, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Neptune. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1974
Heating
NONE
Buildings
1
Lot
3.07 ac
Current owner
From public records · entity-resolved
3443 Rt66 LLC
Entity
Mailing address
246 MONMOUTH RD, OAKHURST, NJ 07755-1503
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$3,200,000
3443 Rt66 LLC
Savillero Properties LLC
Deed
$2,400,000 · Israel Discount Bank Of New York
Apr 6, 2018
—
Saville Ro Ny Properties LLC
—
Deed
related
$150,000 · Two River Cmnty Bk
Aug 28, 2017
—
Jersey Ctrl Power & Light Co
Savillero Properties LLC
Grant Deed
related
—
—
—
Saville Ro Ny Properties LLC
—
Deed Of Trust
related
$150,000 · Two River Cmnty 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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