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Property profile & analytics
OFF-MARKET
Estimated value
$5,070,000
Industrial properties
81 Corbett Way Eatontown, NJ 07724-2264
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-3154900
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Total area
30,268 SF
Lot
2.8 ac (121,968 SF)
Zoning code
BP2
APN
12 03601-0000-00016
UPID
US59-3154900
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
$4.96M
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.07M
Owner & transaction history
Bh6 Properties LLC · 2 yrs held
Bh6 Properties LLC
since 2023
Last sale
$5.2M
3 recorded transactions
Zoning & alternative use
BP2 · Eatontown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.0M
+28.2%
Office building
$7.5M
+19.6%
Commercial (general)
$6.4M
+2.3%
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 Eatontown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eatontown 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
$5,020,000
ML approach
$4,955,000
CAP Approach
CAP Return
Estimation
6%
$4,835,000
6.5%
$4,465,000
7%
$4,145,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,240,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,000,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$7,460,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,380,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.58M · ±10% · vs last sale $5.15M (Sep 21 2023)
Last sale anchor
$5.15M
Sep 21 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
$168 / 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
$108,550
Tax year 2022
Assessed value
$5,000,000
Assessed 2023
Previous assessed
$5,000,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,536,900
Assessed improvement
$3,463,100
Land market value
$1,536,900
Improvement market value
$3,463,100
Total market value
$5,000,000
Applied tax rate
12.0000
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
1994
Heating
NONE
Buildings
1
Total area
30,268 SF
Lot
2.8 ac (121,968 SF)
Zoning code
BP2
APN
12 03601-0000-00016
UPID
US59-3154900
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BP2 · Eatontown, NJ
Zoning BP2 · permitted uses
BP2 · Eatontown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eatontown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (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
1994
Heating
NONE
Buildings
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Bh6 Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
100 ROSVEIT AVE #5, CARTERET, NJ 07008
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
$5,150,000
Bh6 Properties LLC
Yorktc05 Eatontown Nj LLC
Deed
—
Aug 15, 2005
$5,600,000
Yorktc05 Eatontown Nj LLC
81 Corbett Way LLC
Grant Deed
—
—
—
Yorktc05 Eatontown Nj LLC
—
Deed Of Trust
related
$18,475,000 · First Niagara 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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