Entity Owned 
For Sale
1 / 38
$5,500,000
3443 State Route 66, Neptune, NJ 07753
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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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
$3.40M
Blend (final)
Blend
$3.36M
Owner & transaction history
since 2022
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
C-1 · Neptune, NJ
Top alternative use upside
Apartment house (5+ units)
$4.6M
+2.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.36M
Value range
$3.02M – $3.69M
±10% around blend
Estimated value / SF
$194 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$3.02M
blend $3.36M
$3.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,287 SF
Lot area
3.07 ac
Year built
1974
APN
35 03701-0000-00009
Zoning
C-1
Assessed value
$2,535,000
Annual tax
$47,942
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.59M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.89M
@ 6.5% CAP return
$3.59M
@ 7% CAP return
$3.34M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$47,942
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.85M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.4 mi away · 14,653 SF
7.1 mi away · 22,300 SF
9.0 mi away · 18,260 SF
9.9 mi away · 16,620 SF
11.0 mi away · 13,712 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.36M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 59 sales
$259
-25%
Submarket 175 sales
$274
-29%
County 1093 sales
$259
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $194/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+2%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.00%
Selected cap rate for this commercial real estate
Derived from the Neptune market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.00%
9.0%
NOI (est.)
$264k *
Last sale · Mar 2022
$3.20M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.78M
Move the market yield to see immediate price impact.
Value / SF
$219
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.50%7.00%7.50%
$238k
$3.66M
$3.40M
$3.17M
$264k
$4.07M
$3.78M
$3.53M
$291k
$4.48M
$4.16M
$3.88M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$5.00M
1.5 mi · Sep 2025 · $351/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, NJZoning C-1 · permitted uses
C-1 · Neptune, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Buildings
1
Lot
3.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-1
Jurisdiction
Neptune, NJ
Recorded code
C-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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