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    623 Texas Rd Morganville, NJ 07751-4114
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    Property profile & analytics

    623 Texas Rd, Morganville, NJ 07751-4114

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    • Commercial real estate
    • 22,245 SF
    • 24.00 lot acres
    Off-Market
    Property ID
    US59-3157534
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $4,240,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 623 Texas Rd

    Year built
    2020
    Lot size
    24.00 lot acres
    Zone code
    C-4
    Property type
    Commercial real estate
    APN
    30 00176-0000-00002- 01
    APU
    300017600000000201

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2021 — American Plaza 3 LLC — Deed · related $4M · Peoples Security Bank & Trust Company
    Jun 1, 2016 $900,000 American Plaza 3 LLC American Plaza Development LLC Grant Deed · related —
    Jun 1, 2016 — American Plaza Development LLC David Elkouby Grant Deed · related —
    Aug 13, 2014 — David Elkouby David Elkouby Quit Claim Deed · related —
    Feb 8, 2007 — Elkouby,david American Plaza Dev LLC Grant Deed · related —
    Dec 13, 2005 — Daroci,steven J & Doris J Steven J Daroci Quit Claim Deed · related —
    Dec 13, 2005 $999,000 American Plaza Dev LLC Steven J Daroci Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $5,005,000
      6.5%
      $4,620,000
      7%
      $4,290,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,488,000
      Market price range: $1.06M - $4.20M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,770,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,880,000
      Change: +2% Conversion: Moderate
      OFFICE BUILDING
      $5,485,000
      Change: -5% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Morganville
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2958
    Latitude
    40.361
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $113,885
    $2,640,000
    $2,167,300
    $4,807,300
    -
    $2,640,000
    $2,167,300
    $4,807,300
    More about this property
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