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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Industrial properties
4 Garfield Ave 10 Atlantic Highlands, NJ 07716-1111
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2026896
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
4,976 SF
Lot
0.37 ac (16,065 SF)
Zoning code
CBD
APN
05 00107-0000-00002
UPID
US59-2026896
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
-
Dovetail Vintage Rental Co. Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$935k
Owner & transaction history
4 West Garfield Ave LLC · 5 yrs held
4 West Garfield Ave LLC
since 2021
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
CBD · Atlantic Highlands, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+19.6%
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 Atlantic Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic Highlands 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
$1,040,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,025,000
Current use
OFFICE BUILDING
$1,225,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$975,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $850k (Feb 11 2021)
Last sale anchor
$850k
Feb 11 2021
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
$188 / 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
$9,982
Tax year 2022
Assessed value
$584,000
Assessed 2023
Previous assessed
$584,000
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$447,700
Assessed improvement
$136,300
Land market value
$447,700
Improvement market value
$136,300
Total market value
$584,000
Applied tax rate
5.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
1
Total area
4,976 SF
Lot
0.37 ac (16,065 SF)
Zoning code
CBD
APN
05 00107-0000-00002
UPID
US59-2026896
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
CBD · Atlantic Highlands, NJ
Zoning CBD · permitted uses
CBD · Atlantic Highlands, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic Highlands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$975,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (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
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
4 West Garfield Ave LLC
Entity
Mailing address
75 CROWS ML RD STE #200, KEASBEY, NJ 08832-1004
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2021
$850,000
4 West Garfield Ave LLC
Crossfit Red Bank Corporation
Bargain And Sale Deed
—
Feb 28, 2017
$625,000
Crossfit Red Bank Corp
Sontan LLC
Grant Deed
related
$275,000 · Sontan LLC
—
—
Sontan LLC
—
Deed Of Trust
related
$87,500 · Commerce Bk/or
—
—
Sontan LLC
—
Deed Of Trust
related
$300,000 · Commerce Bank NA
—
—
Sontan LLC
—
Deed Of Trust
related
$90,000 · Commerce Bank NA
—
—
Sontan LLC
—
Deed Of Trust
related
$29,000 · Tbf Financial LLC
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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