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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
46-48 Hwy 36 Keyport, NJ 07735
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1122288
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
FRAME
Total area
5,361 SF
Lot
0.35 ac (15,200 SF)
Zoning code
HC
APN
24 00106-0000-00001
UPID
US59-1122288
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
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$895k
Owner & transaction history
46-48 Hwy 36 Ilc · 6 yrs held
46-48 Hwy 36 Ilc
since 2020
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
HC · Keyport, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+7.2%
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 Keyport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keyport 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
$930,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,320,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,415,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,105,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $750k (Jun 22 2020)
Last sale anchor
$750k
Jun 22 2020
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
$167 / 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
$21,657
Tax year 2022
Assessed value
$911,400
Assessed 2023
Previous assessed
$911,400
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$533,300
Assessed improvement
$378,100
Land market value
$533,300
Improvement market value
$378,100
Total market value
$911,400
Applied tax rate
24.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Rooms
7
Total area
5,361 SF
Lot
0.35 ac (15,200 SF)
Zoning code
HC
APN
24 00106-0000-00001
UPID
US59-1122288
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HC · Keyport, NJ
Zoning HC · permitted uses
HC · Keyport, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Keyport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1920
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Rooms
7
Lot
0.35 ac
Current owner
From public records · entity-resolved
46-48 Hwy 36 Ilc
Individual
Mailing address
33 HILLYER CIR, MIDDLETOWN, NJ 07748-3211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 6, 2020
$750,000
46-48 Hwy 36 Ilc
Mb Properties Nj 8 LLC
Grant Deed
—
Mar 4, 2013
$4,283,882
Mb Properties Nj 8 LLC
Sherriff Of Monmouth County
Trustees Deed
—
Jul 28, 2009
—
Gca Properties LLC
Allen,george
Grant Deed
$1,250,000 · Magyar Savings Bank
Mar 8, 2007
—
George C Allen
—
Trustees Deed
related
$100,000 · Herman Schulman
—
—
George Allen
—
Deed Of Trust
related
$50,000 · Commerce Bank NA
—
—
Allen,george
—
Deed Of Trust
related
$100,000 · Td Bk NA
—
—
46-48 Hwy 36 LLC
—
Deed Of Trust
related
$562,500 · Advisors Mtg
—
—
George C Allen JR.
—
Deed Of Trust
related
$935,000 · Commerce Bank 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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