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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Warehouses
5100 Belmar Blvd Wall Township, NJ 07727-4027
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US59-3178481
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
4,909 SF
Lot
12 ac (522,720 SF)
Zoning code
OP-2
APN
52 00915-0000-00002
UPID
US59-3178481
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
Current use
Occupant on record · Public records
-
mobiletek Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Key Software Systems LLC (Bike/Boat/Book/etc) Store Corporate Office
-
DaVita Wall Township Home Training (pd) Medical Clinic
-
Hanger Clinic : Orthotic & Prosthetic Solutions Orthotics & Prosthetics Service
-
Hanger Clinic: Prosthetics & Orthotics Orthotics & Prosthetics Service Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$730k
Owner & transaction history
Competition Properties Corp · 19 yrs held
Competition Properties Corp
since 2006
5 recorded transactions
Zoning & alternative use
OP-2 · Wall Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+138.1%
Auto repair, garage
$735,000
+62.9%
Commercial (general)
$510,000
+13.1%
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 Wall Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wall Township 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
$735,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$450,000
Current use
OFFICE BUILDING
$1,075,000
Change: +138% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: +63% · Conversion: Easy
COMMERCIAL (GENERAL)
$510,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$495,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$149 / 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
$127,575
Tax year 2022
Assessed value
$6,296,900
Assessed 2023
Previous assessed
$6,296,900
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$960,000
Assessed improvement
$5,336,900
Land market value
$960,000
Improvement market value
$5,336,900
Total market value
$6,296,900
Applied tax rate
52.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
1
Units
1
Total area
4,909 SF
Lot
12 ac (522,720 SF)
Zoning code
OP-2
APN
52 00915-0000-00002
UPID
US59-3178481
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP-2 · Wall Township, NJ
Zoning OP-2 · permitted uses
OP-2 · Wall Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wall Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$450,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$510,000
RETAIL STORES
Est. value
$495,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2001
Heating
NONE
Buildings
1
Units
1
Lot
12 ac
Current owner
From public records · entity-resolved
Competition Properties Corp
Entity
Mailing address
PO BOX 410, BAYVILLE, NJ 08721-0434
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
—
Competition Properties Corp
—
Deed
related
$5,700,000 · Investors Bk
Sep 6, 2006
$6,000,000
Competition Properties Corp
Direct Sucess INC
Grant Deed
$6,070,000 · Prif II 5100 Belmar Boulevard
—
—
Competition Properties Corp
—
Deed Of Trust
related
$5,700,000 · Investors Bk
—
—
Competition Properties Corp
—
Deed Of Trust
related
$6,200,000 · North Fork Bk
—
—
Competition Properties Corp
—
Deed Of Trust
related
$5,800,000 · Harmony Bk
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.
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