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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Industrial properties
609 Memorial Dr Neptune, NJ 07753-5158
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2606359
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Construction
FRAME
Total area
5,586 SF
Lot
0.14 ac (6,125 SF)
Zoning code
TV
APN
35 00414-0000-00011
UPID
US59-2606359
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
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Starbound Natl Talent Competi · 9 yrs held
Starbound Natl Talent Competi
since 2016
6 recorded transactions
Zoning & alternative use
TV · Neptune, 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 Neptune submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neptune 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$100 / 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
$8,481
Tax year 2022
Assessed value
$478,400
Assessed 2023
Previous assessed
$478,400
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$187,300
Assessed improvement
$291,100
Land market value
$187,300
Improvement market value
$291,100
Total market value
$478,400
Applied tax rate
35.0000
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
1950
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
5,586 SF
Lot
0.14 ac (6,125 SF)
Zoning code
TV
APN
35 00414-0000-00011
UPID
US59-2606359
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
TV · Neptune, NJ
Zoning TV · permitted uses
TV · Neptune, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Neptune. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Starbound Natl Talent Competi
Individual
Mailing address
420 US HWY 9TH 9, LANOKA HARBOR, NJ 08734-2851
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2016
$355,000
Starbound Natl Talent Competi
Forte Michele
Grant Deed
$255,000 · Td Bk NA
Dec 19, 2005
$250,000
Forte,michele
Forte,anthony & Michele
Grant Deed
related
$100,000 · Central Jersey Bk
Jul 4, 2005
$630,000
Jeffrey Takach
Hagerty,john R & Cynthia M
Grant Deed
$230,000 · Oritani Savings Bank
—
—
Jeffrey Takach
—
Deed Of Trust
related
$250,000 · Amerisave Mortgage Corp
—
—
Michele Forte
—
Deed Of Trust
related
—
—
—
John R Hagerty
—
Deed Of Trust
related
$181,900 · Abn Amro Mortgage Group INC
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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