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Property profile & analytics
OFF-MARKET
Estimated value
$6,200,000
Industrial properties
555 Industrial W Way Eatontown, NJ 07724-2211
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2026568
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Total area
29,110 SF
Lot
2.74 ac (119,354 SF)
Zoning code
BP2
APN
12 03503-0000-00001
UPID
US59-2026568
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
$6.20M
CAP Approach
CAP
$4.30M
Comparable Approach
Comparable
$5.84M
Blend (final)
Blend
$6.20M
Owner & transaction history
Ncbp Eatontown LLC · 2 yrs held
Ncbp Eatontown LLC
since 2024
Last sale
$6.2M
3 recorded transactions
Zoning & alternative use
BP2 · Eatontown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.7M
+28.2%
Office building
$7.2M
+19.6%
Commercial (general)
$6.1M
+2.3%
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
$6,200,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
$4,650,000
6.5%
$4,295,000
7%
$3,985,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,000,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,695,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$7,175,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,135,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±10% · vs last sale $6.20M (Mar 12 2024)
Last sale anchor
$6.20M
Mar 12 2024
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
$213 / 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
$63,521
Tax year 2022
Assessed value
$3,222,700
Assessed 2023
Previous assessed
$3,222,700
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$1,352,300
Assessed improvement
$1,870,400
Land market value
$1,352,300
Improvement market value
$1,870,400
Total market value
$3,222,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
1
Total area
29,110 SF
Lot
2.74 ac (119,354 SF)
Zoning code
BP2
APN
12 03503-0000-00001
UPID
US59-2026568
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BP2 · Eatontown, NJ
Zoning BP2 · permitted uses
BP2 · Eatontown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eatontown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
OFFICE BUILDING
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1980
Heating
NONE
Buildings
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Ncbp Eatontown LLC
Entity
Mailing address
535 OLD TARRYTOWN RD, WHITE PLAINS, NY 10603-2617
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
$6,200,000
Ncbp Eatontown LLC
Ctc Holdings INC
Deed
$6,200,000 · S & K Distribution LLC
Sep 6, 2011
$2,700,000
Ctc Holdings INC
Industrial Park Holdings LLC
Grant Deed
related
—
—
—
Industrial Park Holdings LLC
—
Deed Of Trust
related
$1,687,595 · Wachovia 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.
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