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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Commercial real estate
870 State Rte 34 Matawan, NJ 07747-3250
Entity Owned
~
Est. High Equity
Property ID
US59-2881929
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
3,713 SF
Lot
0.26 ac (11,253 SF)
Zoning code
R50J
APN
31 00047-0000-00008
UPID
US59-2881929
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
$770k
Comparable Approach
Comparable
$489k
Blend (final)
Blend
$780k
Owner & transaction history
870 Nj 34 LLC
870 Nj 34 LLC
since 2025
Last sale
$855,000
5 recorded transactions
Zoning & alternative use
R50J · Matawan, 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 Matawan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Matawan 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%
$835,000
6.5%
$770,000
7%
$715,000
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $855k (Nov 24 2025)
Last sale anchor
$855k
Nov 24 2025
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
$210 / 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
$15,388
Tax year 2022
Assessed value
$721,500
Assessed 2023
Previous assessed
$721,500
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$314,800
Assessed improvement
$406,700
Land market value
$314,800
Improvement market value
$406,700
Total market value
$721,500
Applied tax rate
31.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
1
Stories
2
Total area
3,713 SF
Lot
0.26 ac (11,253 SF)
Zoning code
R50J
APN
31 00047-0000-00008
UPID
US59-2881929
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R50J · Matawan, NJ
Zoning R50J · permitted uses
R50J · Matawan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Matawan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
870 Nj 34 LLC
Entity
Mailing address
1 CONCORD CT, COLTS NECK, NJ 07722-2029
Ownership since
2025
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
Nov 24, 2025
$855,000
870 Nj 34 LLC
Joseph Vitale
Deed
$570,000 · Oceanfirst Bank
Dec 15, 2011
—
Joseph Vitale
Vitale,joseph
Quit Claim Deed
related
—
Aug 6, 2009
—
Joseph Vitale
Vitale,joseph
Quit Claim Deed
related
—
Jun 10, 2008
$405,000
Vitale,joesph
Teitel,sheilah
Grant Deed
$375,000 · Teich Ptshp
—
—
Joseph Vitale
—
Deed Of Trust
related
$550,000 · Financial Resources FCU
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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