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Property profile & analytics
OFF-MARKET
Estimated value
$2,605,000
Industrial properties
711 Ginesi Dr Morganville, NJ 07751-1235
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1025557
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
CONCRETE BLOCKS
Total area
17,902 SF
Lot
3.55 ac (154,638 SF)
Zoning code
IOR
APN
30 00176-0000-00110
UPID
US59-1025557
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
-
Domesca Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.52M
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.61M
Owner & transaction history
711 Ginesi Drive LLC · 5 yrs held
711 Ginesi Drive LLC
since 2021
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
IOR · Morganville, 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 Morganville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morganville 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
$3,165,000
ML approach
$3,520,000
CAP Approach
CAP Return
Estimation
6%
$2,860,000
6.5%
$2,640,000
7%
$2,450,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,690,000
Current use
Blend value · Realmo final
$2.61M
Range $2.34M – $2.87M · ±10% · vs last sale $2.58M (Jul 1 2021)
Last sale anchor
$2.58M
Jul 1 2021
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
$146 / 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
$33,166
Tax year 2022
Assessed value
$1,400,000
Assessed 2023
Previous assessed
$1,400,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$843,100
Assessed improvement
$556,900
Land market value
$843,100
Improvement market value
$556,900
Total market value
$1,400,000
Applied tax rate
30.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
2
Total area
17,902 SF
Lot
3.55 ac (154,638 SF)
Zoning code
IOR
APN
30 00176-0000-00110
UPID
US59-1025557
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IOR · Morganville, NJZoning IOR · permitted uses
IOR · Morganville, 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
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
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Buildings
1
Lot
3.55 ac
Current owner
From public records · entity-resolved
711 Ginesi Drive LLC
Entity
Mailing address
711 GINESI DR, MORGANVILLE, NJ 07751-1235
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
—
711 Ginesi Drive LLC
—
Deed
related
$100,000 · Live Oak Banking Company
Sep 12, 2025
—
711 Ginesi Drive LLC
—
Deed
related
$1,000,000 · Live Oak Banking Company
Jun 23, 2025
—
711 Ginesi Drive LLC
—
Deed
related
$300,000 · Manasquan Bank
Jul 1, 2021
$2,580,000
711 Ginesi Drive LLC
Joyton Investments LLC
Deed
$2,064,000 · Manasquan Bank
May 3, 2021
—
New Columbia Investments LLC
—
Deed
related
$750,000 · Td Bank NA
Feb 22, 2016
$1,475,000
Joyton Investments LLC
Ed Stravitz Associates INC
Grant Deed
—
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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