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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Office buildings
70 Apple St Tinton Falls, NJ 07724-2679
Trust Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-3079791
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
30,000 SF
Lot
2.8 ac (121,968 SF)
Zoning code
IO25
APN
49 00015-0000-00015- 02
UPID
US59-3079791
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
-
Company of Dance Arts Training Center
-
The Academy of Dance Arts Training Center
-
F.W. Webb Company - Tinton Falls Big Box & Wholesale Store
-
Gaia Fit Red Bank Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.58M
Blend (final)
Blend
$4.33M
Owner & transaction history
Rockland Trust Company · 2 yrs held
Rockland Trust Company
since 2023
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
IO25 · Tinton Falls, 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 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
$4,250,000
ML approach
$4,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,325,000
Change: -15% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,185,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±10% · vs last sale $4.36M (Sep 28 2023)
Last sale anchor
$4.36M
Sep 28 2023
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
$144 / 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
$59,489
Tax year 2022
Assessed value
$4,496,900
Assessed 2023
Previous assessed
$4,496,900
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$2,170,000
Assessed improvement
$2,326,900
Land market value
$2,170,000
Improvement market value
$2,326,900
Total market value
$4,496,900
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
1986
Heating
NONE
Buildings
1
Total area
30,000 SF
Lot
2.8 ac (121,968 SF)
Zoning code
IO25
APN
49 00015-0000-00015- 02
UPID
US59-3079791
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IO25 · Tinton Falls, NJ
Zoning IO25 · permitted uses
IO25 · 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
COMMERCIAL (GENERAL)
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
COMMERCIAL (GENERAL)
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
1986
Heating
NONE
Buildings
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Rockland Trust Company
Trust
Mailing address
160 MIDDLESEX TPKE, BEDFORD, MA 01730-1416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Rockland Trust Company
F W Webb Company
Assignment Of Lease (leasehold Sale)
$2,000,000 · Rockland Trust Company
Sep 28, 2023
$4,360,000
F W Webb Company
Tell Me Why LLC
Lease
$2,000,000 · Rockland Trust Co
Jul 26, 2022
$5,100,000
F W Webb Company
Ribs LLC
Deed
—
Jul 22, 2004
—
Ribs LLC
Singer,robert
Grant Deed
related
—
Oct 21, 1997
$1,000
70 Apple St
Mid Atlantic Industrial Co
Grant Deed
related
$1,330,000 · Metropolitan St 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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