New search
Property profile & analytics
FOR SALE
Commercial real estate
426 Herbertsville Rd, Brick, NJ 08724
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-3068989
For Sale
$799,000
426 Herbertsville Rd, Brick, NJ 08724
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
2,646 SF
Lot
0.24 ac (10,420 SF)
Zoning code
VZ
APN
07 01226-0000-00548
UPID
US59-3068989
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
$575k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$612k
Blend (final)
Blend
$525k
Owner & transaction history
426 Herbertsville Rd LLC · 5 yrs held
426 Herbertsville Rd LLC
since 2021
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
VZ · Brick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Brick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brick 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
$595,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$690,000
Current use
OFFICE BUILDING
$630,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $500k (May 4 2021)
Last sale anchor
$500k
May 4 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
$198 / 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
$12,471
Tax year 2022
Assessed value
$508,400
Assessed 2023
Previous assessed
$508,400
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$226,900
Assessed improvement
$281,500
Land market value
$226,900
Improvement market value
$281,500
Total market value
$508,400
Applied tax rate
7.0000
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
For Sale
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,646 SF
Lot
0.24 ac (10,420 SF)
Zoning code
VZ
APN
07 01226-0000-00548
UPID
US59-3068989
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
VZ · Brick, NJ
Zoning VZ · permitted uses
VZ · Brick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$690,000
OFFICE BUILDING
Est. value
$630,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
426 Herbertsville Rd LLC
Entity
Mailing address
426 HERBERTSVILLE RD, BRICK, NJ 08724-1326
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2022
—
426 Herbertsville Rd LLC
—
Deed
related
$500,000 · Manasquan Bank
Dec 30, 2021
—
426 Herbertsville Rd LLC
—
Deed
related
$350,000 · Jacques Freund
May 4, 2021
$500,000
426 Herbertsville Rd LLC
426 Herbertsville LLC
Deed
—
Feb 6, 2020
—
Dolphin Homes LLC
—
Deed
related
$517,500 · Oceanfirst Bk
Jun 26, 2018
$580,000
426 Herbertsville LLC
Trjz LLC
Bargain And Sale Deed
$435,000 · Td Bank NA
Mar 16, 2005
$550,000
Trjz LLC
Frank,william
Grant Deed
$150,000 · Mark & Chris Kushner
Dec 14, 1999
—
Robert Martin
Dolphin Homes LLC
Grant Deed
related
—
Apr 10, 1997
$90,000
Robert Martin
Berruti,carla
Grant Deed
$47,000 · Seller
Jul 26, 1989
$71,500
Angelo Bassillo
Unknown
Grant Deed
—
—
—
Trjz LLC
—
Deed Of Trust
related
$475,000 · Oceanfirst Bank
—
—
William Frank
—
Deed Of Trust
related
$300,000 · Trjz LLC
—
—
Dolphin Homes LLC
—
Deed Of Trust
related
$517,500 · Oceanfirst Bk
—
—
William Frank
—
Deed Of Trust
related
$150,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
