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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Commercial real estate
877 Main St Belford, NJ 07718-2001
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US59-2139737
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Total area
20,944 SF
Lot
0.46 ac (20,250 SF)
Zoning code
8503
APN
32 00499-0000-00002
UPID
US59-2139737
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
-
Middletown Family Pharmacy Pharmacy
-
Dean Graziano Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$2.62M
Owner & transaction history
Gerilyn Main · 13 yrs held
Gerilyn Main
since 2012
7 recorded transactions
Zoning & alternative use
8503 · Belford, 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 Belford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belford 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
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±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
$125 / 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
$48,934
Tax year 2022
Assessed value
$2,743,300
Assessed 2023
Previous assessed
$2,743,300
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$743,300
Assessed improvement
$2,000,000
Land market value
$743,300
Improvement market value
$2,000,000
Total market value
$2,743,300
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1968
Heating
NONE
Buildings
1
Total area
20,944 SF
Lot
0.46 ac (20,250 SF)
Zoning code
8503
APN
32 00499-0000-00002
UPID
US59-2139737
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
8503 · Belford, NJ
Zoning 8503 · permitted uses
8503 · Belford, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Buildings
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Gerilyn Main
Individual
Mailing address
15 IRIS ST, EATONTOWN, NJ 07724-2405
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2012
$2,075,000
Gerilyn Main
Coba INC
Grant Deed
—
Apr 25, 2012
$2,060,000
Gca Properties LLC
Td Bk NA
Trustees Deed
—
Oct 18, 2005
—
Gca Properties LLC
Allen,george C JR & Dawn
Grant Deed
$3,060,000 · Commerce Bank NA
Jun 2, 2004
$1
George C Allen JR.
Allen,george C JR & Dawn
Grant Deed
related
$1,200,000 · Commerce Bank Shore NA
Mar 2, 2004
$1,200,000
George Allen JR.
Campbell Junction Assocs LLC
Grant Deed
—
Mar 2, 2004
$1
Campbell Junction Assocs LLC
Schulman,herman & Rhoda
Grant Deed
related
—
—
—
Gca Properties LLC
—
Deed Of Trust
related
$600,000 · Commerce Bk/or
—
—
Gca Properties LLC
—
Deed Of Trust
related
$240,000 · Commerce Bank NA
—
—
Gerilyn Main
—
Deed Of Trust
related
$1,500,000 · Northfield Bank Fsb
—
—
Gca Properties LLC
—
Deed Of Trust
related
$100,000 · Td Bank NA
—
—
George Allen JR.
—
Deed Of Trust
related
$1,100,000 · Campbell Junction Associates L
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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