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Property profile & analytics
OFF-MARKET
Estimated value
$2,865,000
Retail space
6951 Us Hwy 9th 9 Howell, NJ 07731-3766
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0798858
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
23,500 SF
Lot
8.24 ac (358,934 SF)
Zoning code
HD
APN
21 00014-0000-00030
UPID
US59-0798858
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
$2.77M
Blend (final)
Blend
$2.87M
Owner & transaction history
New Jersey Natural Gas Co · 12 yrs held
New Jersey Natural Gas Co
since 2014
7 recorded transactions
Zoning & alternative use
HD · Howell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+48.5%
Apartment house (5+ units)
$3.1M
+30.1%
Commercial (general)
$3.0M
+24.8%
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 Howell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Howell 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,370,000
Current use
AUTO REPAIR, GARAGE
$3,515,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,080,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,955,000
Change: +25% · Conversion: Easy
RESTAURANT
$2,385,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$2,160,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.15M · ±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
$122 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$89,028
Tax year 2023
Assessed value
$4,961,100
Assessed 2024
Previous assessed
$4,961,100
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$612,900
Assessed improvement
$4,348,200
Land market value
$612,900
Improvement market value
$4,348,200
Total market value
$4,961,100
Applied tax rate
21.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Buildings
1
Total area
23,500 SF
Lot
8.24 ac (358,934 SF)
Zoning code
HD
APN
21 00014-0000-00030
UPID
US59-0798858
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HD · Howell, NJZoning HD · permitted uses
HD · Howell, 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
RETAIL STORES Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
Heating
NONE
Buildings
1
Lot
8.24 ac
Current owner
From public records · entity-resolved
New Jersey Natural Gas Co
Entity
Mailing address
8 CEDAR ROW, LAKEWOOD, NJ 08701-1510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2015
—
Rosenreich LLC
—
Trustees Deed
related
$200,000 · Harmony Bk
Jan 23, 2014
—
New Jersey Natural Gas Co
Rosenreich LLC
Grant Deed
related
—
Oct 29, 2013
—
Jersey Ctrl Power & Light Co
Rosen Reich LLC
Grant Deed
related
—
Oct 17, 2012
—
Rosenreich LLC
—
Trustees Deed
related
$2,000,000 · Harmony Bank
Apr 24, 2009
—
Howell Twp
Rosenreich LLC
Grant Deed
related
—
—
—
Rosenreich LLC
—
Deed Of Trust
related
$7,848 · The Bank/arlington
—
—
Rosenreich LLC
—
Deed Of Trust
related
$107,900 · The Bank/arlington
—
—
Rosenreich LLC
—
Deed Of Trust
related
$3,965,000 · Lakeland Bk
—
—
Rosenreich LLC
—
Deed Of Trust
related
$3,300,000 · The Bank
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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