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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Office buildings
66 Gilbert St Tinton Falls, NJ 07701-4947
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US59-1988520
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
11,490 SF
Lot
1.1 ac (47,800 SF)
Zoning code
HCC
APN
49 00018- 02-00020
UPID
US59-1988520
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
Current use
Occupant on record · Public records
-
Dr. Mekhala Mathure Physician
-
Patel Naynesh J MD Physician
-
Liberty Medical Management, LLC Business To Business Service Business Administration Service
-
Liberty Med Associates, LLC Medical Group
-
Bharucha Parimal T MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.89M
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.38M
Owner & transaction history
Shrewsbury Base Realty LLC · 25 yrs held
Shrewsbury Base Realty LLC
since 2001
4 recorded transactions
Zoning & alternative use
HCC · Tinton Falls, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+20.7%
Apartment house (5+ units)
$3.0M
+7.2%
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 Tinton Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tinton Falls 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,125,000
6.5%
$2,885,000
7%
$2,680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,835,000
Current use
COMMERCIAL (GENERAL)
$3,420,000
Change: +21% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,035,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,370,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$207 / 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
$36,617
Tax year 2022
Assessed value
$2,350,600
Assessed 2023
Previous assessed
$2,350,600
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$562,500
Assessed improvement
$1,788,100
Land market value
$562,500
Improvement market value
$1,788,100
Total market value
$2,350,600
Applied tax rate
49.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
1
Total area
11,490 SF
Lot
1.1 ac (47,800 SF)
Zoning code
HCC
APN
49 00018- 02-00020
UPID
US59-1988520
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HCC · Tinton Falls, NJ
Zoning HCC · permitted uses
HCC · Tinton Falls, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tinton Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1988
Heating
NONE
Buildings
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Shrewsbury Base Realty LLC
Entity
Mailing address
66 W GILBERT ST, TINTON FALLS, NJ 07701-4947
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2017
—
Shrewsbury Base Realty LLC
—
Deed
related
$1,000,000 · Two River Cmnty Bk
Mar 12, 2001
$1,100,000
Shrewsbury Base Realty LLC
Aqua-field Publications INC
Grant Deed
$880,000 · Summit Bk/benton
—
—
Meir Araman
—
Deed Of Trust
related
$260,000 · Oceanfirst Bk
—
—
Shrewsbury Base Realty LLC
—
Deed Of Trust
related
$1,000,000 · 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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