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Property profile & analytics
OFF-MARKET
Estimated value
$19,390,000
Industrial properties
401 Industrial W Way Eatontown, NJ 07724-2209
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0942734
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
97,230 SF
Lot
8.1 ac (352,836 SF)
APN
12 03503-0000-00007
UPID
US59-0942734
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
by Request
CAP Approach
CAP
$14.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.39M
Owner & transaction history
Antish Realty Holdings LLC · 4 yrs held
Antish Realty Holdings LLC
since 2021
Last sale
$21.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$25.7M
+28.2%
Office building
$24.0M
+19.6%
Commercial (general)
$20.5M
+2.3%
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
$25,695,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,535,000
6.5%
$14,340,000
7%
$13,315,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,040,000
Current use
APARTMENT HOUSE (5+ UNITS)
$25,700,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$23,970,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$20,495,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$19.39M
Range $17.45M – $21.33M · ±10% · vs last sale $20.95M (Aug 10 2021)
Last sale anchor
$20.95M
Aug 10 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
$199 / 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
$433,707
Tax year 2022
Assessed value
$21,977,300
Assessed 2023
Previous assessed
$21,977,300
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$3,273,400
Assessed improvement
$18,703,900
Land market value
$3,273,400
Improvement market value
$18,703,900
Total market value
$21,977,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
1
Total area
97,230 SF
Lot
8.1 ac (352,836 SF)
APN
12 03503-0000-00007
UPID
US59-0942734
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
INDUSTRIAL (GENERAL) Current
Est. value
$20.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.7M
OFFICE BUILDING
Est. value
$24.0M
COMMERCIAL (GENERAL)
Est. value
$20.5M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Year built
1988
Heating
NONE
Buildings
1
Lot
8.1 ac
Current owner
From public records · entity-resolved
Antish Realty Holdings LLC
Entity
Mailing address
3512 QUENTIN RD #204, BROOKLYN, NY 11234-4244
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
—
Antish Realty Holdings LLC
—
Deed
related
$2,000,000 · Israel Discount Bank Of New York
Aug 24, 2022
—
Antish Realty Holdings LLC
—
Deed
related
$1,000,000 · Cross River Bank
Feb 23, 2022
—
Antish Realty Holdings LLC
—
Deed
related
$5,000,000 · Cross River Bank
Aug 10, 2021
$20,950,000
Antish Realty Holdings LLC
Afp Forty Nine Corp
Warranty Deed
$15,920,000 · Israel Discount Bank Of New York
Sep 8, 2017
$13,000,000
Afp Forty Nine Corp
401 Industrial Way West LLC
Warranty Deed
$9,000,000 · New York Com'l Bk
May 28, 2008
—
401 Industrial Way West LLC
Dweck,dorothy
Grant Deed
related
—
Mar 14, 2008
—
Dweck,dorothy
Dweck Raymond
Quit Claim Deed
related
—
Jan 15, 2004
$5,200,000
Raymond Dweck
D & K Stores INC
Grant Deed
related
$2,000,000 · Oceanfirst Bank
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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