Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office buildings
5 State Rte 33 Freehold, NJ 07728-2505
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1172073
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1909
Total area
4,203 SF
Lot
0.42 ac (18,396 SF)
Zoning code
R-15
APN
17 00066-0000-00006
UPID
US59-1172073
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$735k
Owner & transaction history
38 Brynmore Road LLC · 20 yrs held
38 Brynmore Road LLC
since 2005
7 recorded transactions
Zoning & alternative use
R-15 · Freehold, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$860,000
+12.8%
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 Freehold submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freehold 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$760,000
Current use
COMMERCIAL (GENERAL)
$860,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$175 / 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
$13,361
Tax year 2022
Assessed value
$803,600
Assessed 2023
Previous assessed
$803,600
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$270,700
Assessed improvement
$532,900
Land market value
$270,700
Improvement market value
$532,900
Total market value
$803,600
Applied tax rate
17.0000
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
1909
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
12
Total area
4,203 SF
Lot
0.42 ac (18,396 SF)
Zoning code
R-15
APN
17 00066-0000-00006
UPID
US59-1172073
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-15 · Freehold, NJ
Zoning R-15 · permitted uses
R-15 · Freehold, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freehold. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$760,000
COMMERCIAL (GENERAL)
Est. value
$860,000
OFFICE BUILDING Current
COMMERCIAL (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
1909
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
12
Lot
0.42 ac
Current owner
From public records · entity-resolved
38 Brynmore Road LLC
Entity
Mailing address
3 FORREST WAY, COLTS NECK, NJ 07722-1609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2018
—
38 Brynmore Road LLC
—
Deed
related
$350,000 · Oceanfirst Bk
May 22, 2017
—
38 Brynmore Road LLC
—
Deed
related
$250,000 · Td Bk NA
Mar 17, 2008
—
38 Brymore Road LLC
—
Trustees Deed
related
$350,000 · Jp Morgan Chase Bk
Jan 3, 2008
—
Loebis Hogan INC
—
Trustees Deed
related
$350,000 · Jp Morgan Chase Bk
Dec 6, 2005
$1
38 Brynmore Road LLC
Hogan,thomas M
Grant Deed
related
—
Sep 8, 2004
$789,000
Thomas Hogan
Plg Limited Liability
Grant Deed
$600,000 · Commerce Bank NA
—
—
38 Brynmore Road LLC
—
Deed Of Trust
related
$950,000 · Jp Morgan Chase Bk
—
—
38 Brynmore Road LLC
—
Deed Of Trust
related
$950,000 · Jp Morgan Chase Bk
—
—
38 Brynmore Road LLC
—
Deed Of Trust
related
$350,000 · Td Bank NA
—
—
38 Brynmore Road LLC
—
Deed Of Trust
related
$1,300,000 · Td Bank NA
—
—
38 Brynmore Road LLC
—
Loan Modification
related
$250,000 · Td Bk NA
—
—
38 Brynmore Road LLC
—
Deed Of Trust
related
$700,000 · Oceanfirst Bk
—
—
38 Brynmore Road LLC
—
Deed Of Trust
related
$350,000 · Oceanfirst Bk
—
—
38 Brynmore Road LLC
—
Deed Of Trust
related
$350,000 · J P Morgan Chase 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?”
You own 5 State Rte 33?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
