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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Office buildings
36 Leland Rd Colts Neck, NJ 07722-1787
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0042019
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
6,280 SF
Lot
1.05 ac (45,738 SF)
APN
10 00047-0000-00013
UPID
US59-0042019
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
Current use
Occupant on record · Public records
-
Body Complete Gym & Fitness Center
-
The Matchmaking Company Employment Agency
-
X7 Entertainment Nightclub Music Venue
-
New Jersey Singles Employment Agency
-
Andy Adell - Real Estate Agent Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.57M
Owner & transaction history
32 Leland Associates LLC · 17 yrs held
32 Leland Associates LLC
since 2009
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+7.2%
Commercial (general)
$1.6M
+5.2%
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 Colts Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colts Neck 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%
$1,710,000
6.5%
$1,575,000
7%
$1,465,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,550,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,660,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,630,000
Change: +5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,295,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±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
$250 / 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
$22,249
Tax year 2022
Assessed value
$1,367,700
Assessed 2023
Previous assessed
$1,367,700
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$607,800
Assessed improvement
$759,900
Land market value
$607,800
Improvement market value
$759,900
Total market value
$1,367,700
Applied tax rate
10.0000
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
Year built
2006
Heating
NONE
Buildings
1
Stories
2
Total area
6,280 SF
Lot
1.05 ac (45,738 SF)
APN
10 00047-0000-00013
UPID
US59-0042019
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
Year built
2006
Heating
NONE
Stories
2
Buildings
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
32 Leland Associates LLC
Entity
Free & Clear · 17 yrs held
Mailing address
12 GREYLYNNE CT, HOLMDEL, NJ 07733-2373
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
May 29, 2009
—
32 Leland Associates LLC
Romeo,joseph V
Grant Deed
related
—
Aug 20, 2005
$2,100,000
Joseph V Romeo
32 Leland Associates LLC
Grant Deed
$1,000,000 · 32 Leland Associates LLC
Apr 2, 2004
$1
32 Leland Associates LLC
Zito,john & Manuela
Grant Deed
related
—
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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