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Property profile & analytics
OFF-MARKET
Estimated value
$14,555,000
Commercial real estate
541 Industrial W Way Eatontown, NJ 07724-4242
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-2071186
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1969
Total area
101,700 SF
Lot
10.54 ac (459,000 SF)
Zoning code
BP2
APN
12 03503-0000-00003
UPID
US59-2071186
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
$9.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.57M
Blend (final)
Blend
$14.56M
Owner & transaction history
Solar Landscape Development LLC · 1 yrs held
Solar Landscape Development LLC
since 2025
Last sale
$14.5M
5 recorded transactions
Zoning & alternative use
BP2 · Eatontown, 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 Eatontown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eatontown 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
$13,655,000
ML approach
$9,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,435,000
Current use
INDUSTRIAL (GENERAL)
$20,960,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$14.56M
Range $13.10M – $16.01M · ±10% · vs last sale $14.50M (Sep 1 2023)
Last sale anchor
$14.50M
Sep 1 2023
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
$143 / 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
$294,231
Tax year 2022
Assessed value
$13,682,800
Assessed 2023
Previous assessed
$13,682,800
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$4,236,500
Assessed improvement
$9,446,300
Land market value
$4,236,500
Improvement market value
$9,446,300
Total market value
$13,682,800
Applied tax rate
12.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1969
Heating
NONE
Buildings
1
Total area
101,700 SF
Lot
10.54 ac (459,000 SF)
Zoning code
BP2
APN
12 03503-0000-00003
UPID
US59-2071186
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BP2 · Eatontown, NJZoning BP2 · permitted uses
BP2 · Eatontown, 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
COMMERCIAL (GENERAL) Current
Est. value
$21.4M
INDUSTRIAL (GENERAL)
Est. value
$21.0M
COMMERCIAL (GENERAL) Current
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
1969
Heating
NONE
Buildings
1
Lot
10.54 ac
Current owner
From public records · entity-resolved
Solar Landscape Development LLC
Entity
Free & Clear · 1 yrs held
Mailing address
280 PARK AVE FL, NEW YORK, NY 10017-1274
Ownership since
2025
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
May 30, 2025
—
Solar Landscape Development LLC
Ne Light Industrial Tt LLC
Deed
—
Sep 1, 2023
$14,500,000
Ne Light Industrial Ll LLC
Denholtz 541 LLC
Deed
$3,675,000 · Metlife Real Estate Lending LLC
Nov 15, 2019
$11,550,000
Denholtz 541 LLC
541 Industrial Way West LLC
Grant Deed
related
—
—
—
541 Industrial Way West LLC
—
Deed Of Trust
related
$6,600,000 · John Hancock Life Insurance Co
—
—
541 Industrial Way West LLC
—
Deed Of Trust
related
$7,900,000 · Miscellaneous Ins Co
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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