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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Car washes
6 Schlechtweg Way Freehold, NJ 07728-2568
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1682299
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2010
Construction
WOOD
Total area
6,403 SF
Lot
3.1 ac (135,036 SF)
Zoning code
CM-3
APN
17 00070-0000-00021-0000-C02
UPID
US59-1682299
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
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$970k
Blend (final)
Blend
$705k
Owner & transaction history
William M Kurtz JR · 24 yrs held
William M Kurtz JR
since 2002
7 recorded transactions
Zoning & alternative use
CM-3 · Freehold, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+21.0%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$960,000
Current use
OFFICE BUILDING
$1,160,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$840,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$110 / 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
$26,179
Tax year 2022
Assessed value
$1,377,200
Assessed 2023
Previous assessed
$1,377,200
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$536,400
Assessed improvement
$840,800
Land market value
$536,400
Improvement market value
$840,800
Total market value
$1,377,200
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
NONE
Buildings
1
Total area
6,403 SF
Lot
3.1 ac (135,036 SF)
Zoning code
CM-3
APN
17 00070-0000-00021-0000-C02
UPID
US59-1682299
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
CM-3 · Freehold, NJZoning CM-3 · permitted uses
CM-3 · Freehold, 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
AUTO REPAIR, GARAGE Current
Est. value
$960,000
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$840,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2010
Construction
WOOD
Heating
NONE
Buildings
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
William M Kurtz JR
Individual
Mailing address
1903 ATLANTIC AVE, MANASQUAN, NJ 08736-1005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2017
—
Freehold Raceway Car Wash LLC
—
Deed
related
$390,000 · Two River Cmnty Bk
Apr 29, 2013
—
537 Associates LLC
—
Deed Of Trust
related
$7,200,000 · Bcb Cmnty Bk
Apr 12, 2002
—
William M Kurtz JR
Kurtz,william M JR
Quit Claim Deed
related
—
Aug 9, 2001
$435,000
William M Kurtz JR
Haas,k
Grant Deed
—
Aug 6, 2001
$1
William Kurtz JR
Kurtz,william M JR
Grant Deed
related
—
May 3, 2001
$435,000
Village Partnership II LLC
Haas,mufson
Grant Deed
—
—
—
William Kurtz JR
—
Deed Of Trust
related
$316,750 · Flagtree Professional Plz
—
—
Freehold Raceway Car Wash LLC
—
Deed Of Trust
related
$390,000 · Two River Cmnty 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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