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Property profile & analytics
OFF-MARKET
Estimated value
$4,310,000
Super regional malls
745 Poole Ave Hazlet, NJ 07730-1724
Individually Owned
27-yr Hold
Free & Clear
Property ID
US59-1512643
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1972
Total area
32,666 SF
Lot
3.21 ac (139,828 SF)
Zoning code
BH
APN
18 00065-0000-00005
UPID
US59-1512643
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
-
Number 1 Restaurant
-
Vape God (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Nakayama Sushi Restaurant
-
Quik Food Deli Food Market Restaurant
-
L & A Guters Cleaning & Installation Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.31M
Owner & transaction history
WELLINGTON SQUARE
WELLINGTON SQUARE
Zoning & alternative use
BH · Hazlet, 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 Hazlet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hazlet 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
COMMERCIAL (GENERAL)
$6,495,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$6,385,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,885,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,285,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,315,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,290,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$2,985,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.88M – $4.74M · ±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
$132 / 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
$92,666
Tax year 2022
Assessed value
$3,873,300
Assessed 2023
Previous assessed
$3,873,300
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,952,300
Assessed improvement
$1,921,000
Land market value
$1,952,300
Improvement market value
$1,921,000
Total market value
$3,873,300
Applied tax rate
18.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
1
Total area
32,666 SF
Lot
3.21 ac (139,828 SF)
Zoning code
BH
APN
18 00065-0000-00005
UPID
US59-1512643
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BH · Hazlet, NJ
Zoning BH · permitted uses
BH · Hazlet, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hazlet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
RESTAURANT
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
RETAIL STORES
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
Year built
1972
Heating
NONE
Buildings
1
Lot
3.21 ac
Current owner
From public records · entity-resolved
WELLINGTON SQUARE
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 4474, METUCHEN, NJ 08840-4474
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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