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Property profile & analytics
OFF-MARKET
Estimated value
$6,570,000
Commercial real estate
373-375 Ss St 375 Eatontown, NJ 07724-1863
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0671043
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
33,950 SF
Lot
4.23 ac (184,259 SF)
APN
12 01401-0000-00020- 01
UPID
US59-0671043
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
$6.04M
CAP Approach
CAP
$7.05M
Comparable Approach
Comparable
$6.88M
Blend (final)
Blend
$6.57M
Owner & transaction history
373 South Holdings LLC · 4 yrs held
373 South Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.0M
+25.4%
Office building
$8.4M
+17.0%
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
$6,295,000
ML approach
$6,040,000
CAP Approach
CAP Return
Estimation
6%
$7,640,000
6.5%
$7,050,000
7%
$6,550,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,155,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,975,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$8,370,000
Change: +17% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,995,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$6.57M
Range $5.91M – $7.23M · ±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
$194 / 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
$66,235
Tax year 2022
Assessed value
$6,050,900
Assessed 2023
Previous assessed
$6,050,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,692,000
Assessed improvement
$4,358,900
Land market value
$1,692,000
Improvement market value
$4,358,900
Total market value
$6,050,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
NONE
Total area
33,950 SF
Lot
4.23 ac (184,259 SF)
APN
12 01401-0000-00020- 01
UPID
US59-0671043
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
COMMERCIAL (GENERAL) Current
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.4M
INDUSTRIAL (GENERAL)
Est. value
$7.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1980
Heating
NONE
Lot
4.23 ac
Current owner
From public records · entity-resolved
373 South Holdings LLC
Entity
Mailing address
375 SS ST, EATONTOWN, NJ 07724-1863
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$6,000,000
373 South Holdings LLC
Ips Holdings LLC
Deed
$5,000,000 · Finwise Bank
Mar 2, 2009
—
Ips Holdings LLC
—
Deed Of Trust
related
$160,291 · Eliyahu S & Yaffa Liebermann
Apr 30, 2005
$3,350,000
Ips Holdings LLC
375 South Street LLC
Grant Deed
$2,511,750 · Sovereign Bk
—
—
Ips Holdings LLC
—
Deed Of Trust
related
$2,600,000 · Td Bk NA
—
—
Ips Holdings LLC
—
Deed Of Trust
related
$1,853,748 · Td Bk NA
—
—
Ips Holdings LLC
—
Deed Of Trust
related
$100,000 · Sovereign Bk
—
—
Ips Holdings LLC
—
Deed Of Trust
related
$500,000 · Td Bk NA
—
—
Ips Holdings LLC
—
Deed Of Trust
related
$2,424,000 · Td Bk NA
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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