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Property profile & analytics
FOR LEASE
Turn key restaurants
47 Tennent Rd Morganville, NJ 07751
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-1595592
For Lease
1 / 4
$510,000
47 Tennent Rd, Morganville, NJ 07751
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
FRAME
Total area
4,320 SF
Lot
0.81 ac (35,360 SF)
Zoning code
OPT2
APN
30 00149-0000-00002
UPID
US59-1595592
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
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Morganville Catering LLC · 3 yrs held
Morganville Catering LLC
since 2022
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
OPT2 · Morganville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$845,000
+92.5%
Auto repair, garage
$645,000
+47.3%
Commercial (general)
$490,000
+11.7%
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 Morganville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morganville 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
by Request
ML approach
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$440,000
Current use
OFFICE BUILDING
$845,000
Change: +92% · Conversion: Moderate
AUTO REPAIR, GARAGE
$645,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$490,000
Change: +12% · Conversion: Easy
RETAIL STORES
$435,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$395,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $700k (Jan 6 2026)
Last sale anchor
$700k
Jan 6 2026
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
$118 / 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
$14,174
Tax year 2022
Assessed value
$597,800
Assessed 2023
Previous assessed
$597,800
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$216,200
Assessed improvement
$381,600
Land market value
$216,200
Improvement market value
$381,600
Total market value
$597,800
Applied tax rate
30.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1960
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
4,320 SF
Lot
0.81 ac (35,360 SF)
Zoning code
OPT2
APN
30 00149-0000-00002
UPID
US59-1595592
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OPT2 · Morganville, NJ
Zoning OPT2 · permitted uses
OPT2 · Morganville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morganville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$440,000
OFFICE BUILDING
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$490,000
RETAIL STORES
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$395,000
RESTAURANT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1960
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Morganville Catering LLC
Entity
Free & Clear · 3 yrs held
Mailing address
30 FRENEAU AVE, MATAWAN, NJ 07747-3390
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$816
Morganville Catering LLC
Eone Group LLC
Redemption Deed
related
—
Sep 30, 2022
$4,409
Morganville Catering LLC
Christiana Trust
Redemption Deed
related
—
Feb 17, 2022
—
Lynx Asset Services LLC
Morganville Catering LLC
Deed
—
Dec 12, 2013
$625,000
Morganville Catering LLC
Ir World LLC
Grant Deed
$625,000 · Ir World LLC
Jan 7, 2004
$560,995
Ir World LLC
Morganville Bar & Grill INC
Grant Deed
$500,000 · Morganville Bar & Grill INC
—
—
Morganville Catering LLC
—
Deed Of Trust
related
$550,000 · Lynx Asset Services 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.
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?”
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