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    OFF-MARKET
    Commercial real estate

    701 Monmouth Rd, Plumsted, NJ 08514

    3 ac lot
    Entity Owned 3-yr Hold
    Property ID
    US59-0444847
    Property summary
    AI-generated overview

    This exceptional 3-acre industrial land parcel in Plumsted, New Jersey, presents a unique investment opportunity. Located at 701 Monmouth Rd, 08514, this property boasts a fully approved site plan for a 3,200 square foot maintenance facility, complete with ample space for trailer parking and storage. The site plan incorporates the latest NJDEP stormwater regulations, eliminating potential delays. The $1.4 million valuation (negotiable) includes all necessary approvals, paving the way for immediate construction. The zoning permits truck repair, parking, and storage—a rare and valuable asset in New Jersey, reflecting the owner's three-year investment in securing these approvals. The property benefits from its strategic location, offering convenient access to major transportation arteries including I-195, Route 9, and the New Jersey Turnpike. This location also places the property within minutes of over one million square feet of recently completed industrial development, indicating strong current and future demand. The seller can also deliver the site fully built with site work and a Certificate of Occupancy, although pricing for this option is yet to be finalized. This is a turnkey opportunity to capitalize on the burgeoning industrial market in a prime location with no anticipated local opposition. The property's proximity to major highways and existing industrial development ensures strong potential for future growth and return on investment.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3 ac (130,680 SF)
    UPID US59-0444847
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Tp1 Nj LLC · 3 yrs held
    Tp1 Nj LLC
    since 2023
    2 recorded transactions
    2024
    2023
    $160,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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