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Property profile & analytics
OFF-MARKET
Estimated value
$5,535,000
Office buildings
403 County Rd, Cliffwood, NJ 07721-4501
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1038178
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
30,000 SF
Lot
4.1 ac (178,596 SF)
Zoning code
LI
APN
01 00227-0000-00005- 03
UPID
US59-1038178
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
-
G. Leff Security Security Service
-
Infinity Solar Power Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.70M
CAP Approach
CAP
$7.53M
Comparable Approach
Comparable
$5.22M
Blend (final)
Blend
$5.54M
Owner & transaction history
Ksf County LLC · 3 yrs held
Ksf County LLC
since 2022
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
LI · Cliffwood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.9M
+7.2%
Commercial (general)
$7.8M
+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 Cliffwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cliffwood 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
$5,770,000
ML approach
$5,695,000
CAP Approach
CAP Return
Estimation
6%
$8,160,000
6.5%
$7,530,000
7%
$6,995,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,395,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,930,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,780,000
Change: +5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,185,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.54M
Range $4.98M – $6.09M · ±10% · vs last sale $5.50M (Jul 7 2022)
Last sale anchor
$5.50M
Jul 7 2022
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
$185 / 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
$61,893
Tax year 2022
Assessed value
$3,450,800
Assessed 2023
Previous assessed
$3,450,800
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$738,000
Assessed improvement
$2,712,800
Land market value
$738,000
Improvement market value
$2,712,800
Total market value
$3,450,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2000
Heating
NONE
Buildings
1
Total area
30,000 SF
Lot
4.1 ac (178,596 SF)
Zoning code
LI
APN
01 00227-0000-00005- 03
UPID
US59-1038178
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Cliffwood, NJ
Zoning LI · permitted uses
LI · Cliffwood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cliffwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.8M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
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
2000
Heating
NONE
Buildings
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
Ksf County LLC
Entity
Mailing address
507 BERGEN AVE #302, LAKEWOOD, NJ 08701-3606
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
Jul 7, 2022
$5,500,000
Ksf County LLC
The Lombardo Group LLC
Bargain And Sale Deed
$3,050,000 · Signature Bank
May 14, 2018
—
Lombardo Group LLC
—
Deed
related
$500,000 · Columbia Bk
Aug 7, 2002
—
Lombardo Group LLC
—
Trustees Deed
related
$1,200,000 · Somerset Vly Bk
Nov 11, 1999
$235,000
Lombardo Group
Tal Fer Corp
Grant Deed
$1,100,000 · Brunswick Bk&tr
—
—
Lombardo Group LLC
—
Deed Of Trust
related
$300,000 · Somerset Vly Bk
—
—
Lombardo Group LLC
—
Deed Of Trust
related
$1,300,000 · Somerset Vly Bk
—
—
Lombardo Group LLC
—
Deed Of Trust
related
$500,000 · Columbia Bk
—
—
Lombardo Group LLC
—
Deed Of Trust
related
$1,325,000 · Columbia Bk
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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