Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    959 Leonardville Rd Atlantic Highlands, NJ 07716-2714

    • Commercial real estate
    • 2,844 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2021
    $315,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1331305
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • BDI Pallets / Freight Service / Logistics Company

    Property Details for 959 Leonardville Rd

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.43 lot acres
    Property size
    2,844 SF
    Zone code
    R-15
    Property type
    Commercial real estate
    APN
    32 00436-0000-00013
    APU
    3200436000000013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic Highlands
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0486
    Latitude
    40.4114
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,607
    $412,100
    $215,400
    $627,500
    -
    $412,100
    $215,400
    $627,500

    Comparable in this City

    • Value Estimation by Request
      1.44 Acres

      970 State Rte 36

      COMMERCIAL (GENERAL) • 1.44 Acres
      970 State Rte 36, Atlantic Highlands, NJ 07716-2022
      View Details
    • Value Estimation
      $835,000
      4,030 SF

      111 1st Ave

      COMMERCIAL (GENERAL) • 4,030 SF
      111 1st Ave, Atlantic Highlands, NJ 07716-1202
      View Details
    • Value Estimation
      $995,000
      4,560 SF

      80 1st Ave

      COMMERCIAL (GENERAL) • 4,560 SF
      80 1st Ave, Atlantic Highlands, NJ 07716-2900
      View Details
    • Value Estimation
      $1,500,000
      13,521 SF

      178 1st Ave

      COMMERCIAL (GENERAL) • 13,521 SF
      178 1st Ave, Atlantic Highlands, NJ 07716-1220
      View Details
    • Value Estimation
      $850,000
      6,920 SF

      85-87 1st Ave, Unit 87

      COMMERCIAL (GENERAL) • 6,920 SF
      85-87 1st Ave, Atlantic Highlands, NJ 07716-2902
      View Details
    • Value Estimation
      $925,000
      7,672 SF

      37 Ctr Ave

      COMMERCIAL (GENERAL) • 7,672 SF
      37 Ctr Ave, Atlantic Highlands, NJ 07716-2808
      View Details

    Similar Nearby for Sale

    • $920,000

      Restaurant Building with Additional Lot

      Former restaurant for sale with extra lot in Atlantic Highlands.
      969 State Route 36, Atlantic Highlands, NJ 07716
      View Details
    • $799,900

      Mixed-Use Building with Coffee Shop

      Mixed-use property with coffee shop and apartment near NYC Ferry.
      96 1St Ave, Atlantic Highlands, NJ 07716
      View Details
    • New
      $1,999,910
      Pending

      Waterfront Land with NYC Views

      1.57-acre waterfront parcel with NYC views in Atlantic Highlands.
      1 Cameron Cir, Atlantic Highlands, NJ 07716
      View Details
    • $499,900
      Pending

      Wooded Lot in Atlantic Highlands

      One-acre wooded lot near NYC ferry and nature preserves.
      258 Ocean Blvd, Atlantic Highlands, NJ 07716
      View Details
    • $499,900

      Wooded Lot in Atlantic Highlands

      Private, wooded lot near NYC ferries and natural trails.
      258 Ocean Blvd, Atlantic Highlands, NJ 07716
      View Details
    • New
      $799,900
      2,275 SF

      Mixed-Use Building in Waterfront Town

      Mixed-use property with coffee shop and apartment near NYC Ferry.
      96 1St Ave, Atlantic Highlands, NJ 07716
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo

      Unique Converted Church Residence

      One-of-a-kind converted church residence with historic charm.
      73 3Rd Ave, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing

      High Traffic Commercial Land

      Commercial land available for lease in high-traffic area.
      220 Memorial Pkwy, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing
      2,400 SF

      Office Space with Manhattan Views

      2,400 SF office space near Seastreak Ferry to NYC.
      25 1St Ave, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing

      Hesse Building Office Space

      Office space with Manhattan views and parking near Seastreak Ferry.
      25 First Ave, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing
      5,922 SF

      Renovated Office Suites Near Ferry

      Prime office space in Atlantic Highlands, commuter-friendly location.
      68 1St Ave, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing
      11,020 SF

      Highway 36 Retail Center

      Atlantic Highlands, NJ Retail Space Available
      2345-2399 Hwy 36, Atlantic Highlands, NJ 07716
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    959 Leonardville Rd
    Atlantic Highlands, NJ 07716-2714
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.