Back to Search
Property profile & analytics
FOR SALE
Super regional malls
479 Route 79 Marlboro, NJ 07746
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-2398809
For Sale
1 / 14
$120,000
479 Route 79, Marlboro, NJ 07746
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1973
Total area
23,000 SF
Lot
3.18 ac (138,347 SF)
Zoning code
C-2
APN
30 00122-0000-00031
UPID
US59-2398809
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
$5.21M
CAP Approach
CAP
$5.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.26M
Owner & transaction history
Morganville Plaza LLC · 4 yrs held
Morganville Plaza LLC
since 2021
Last sale
$4.2M
6 recorded transactions
Zoning & alternative use
C-2 · Morganville, 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 Marlboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marlboro 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
$5,160,000
ML approach
$5,210,000
CAP Approach
CAP Return
Estimation
6%
$5,860,000
6.5%
$5,410,000
7%
$5,025,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,495,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,440,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.26M
Range $4.73M – $5.79M · ±10% · vs last sale $4.21M (Oct 14 2021)
Last sale anchor
$4.21M
Oct 14 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
$229 / 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
$79,782
Tax year 2022
Assessed value
$3,364,900
Assessed 2023
Previous assessed
$3,364,900
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$1,590,000
Assessed improvement
$1,774,900
Land market value
$1,590,000
Improvement market value
$1,774,900
Total market value
$3,364,900
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Sale
Year built
1973
Heating
NONE
Buildings
1
Total area
23,000 SF
Lot
3.18 ac (138,347 SF)
Zoning code
C-2
APN
30 00122-0000-00031
UPID
US59-2398809
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Morganville, NJZoning C-2 · permitted uses
C-2 · Morganville, NJ
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
OFFICE BUILDING
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1973
Heating
NONE
Buildings
1
Lot
3.18 ac
Current owner
From public records · entity-resolved
Morganville Plaza LLC
Entity
Free & Clear · 4 yrs held
Mailing address
718 3RD AVE #2, BROOKLYN, NY 11232-1113
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
—
Morganville Plaza LLC
—
Deed
related
$2,945,000 · Signature Bank
Oct 14, 2021
$4,207,371
Morganville Plaza LLC
Genesis Associates INC
Deed
—
Oct 23, 2014
—
Genesis Associates INC
Genesis Associates INC
Quit Claim Deed
related
—
—
—
Genesis Associates INC
—
Loan Modification
related
$1,520,000 · Td Bk NA
—
—
Genesis Associates INC
—
Deed Of Trust
related
$250,000 · Commerce Bank NA
—
—
Genesis Associates INC
—
Deed Of Trust
related
$250,000 · 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
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.
