Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakewood Allenwood Rd Howell, NJ 07731
    Back to Search
    Property profile & analytics

    Lakewood Allenwood Rd, Howell, NJ 07731

    View on Map
    • Industrial properties
    • 13,440 SF
    • 3.01 lot acres
    Off-Market
    Last Sale Jul 15, 2021
    $1,000,000
    Property ID
    US59-2305245
    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.
    Value Estimations
    $1,130,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for Lakewood Allenwood Rd

    Year built
    2021
    Construction
    FRAME
    Lot size
    3.01 lot acres
    Zone code
    ARE2
    Property type
    Industrial properties
    APN
    21 00003-0000-00001- 02
    APU
    210000300000000102

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 15, 2021 $1,000,000 Arnold 25 LLC Arnold Boulevard LLC Deed —
    Sep 22, 2015 — Arnold Boulevard LLC Tjs Properties LLC Grant Deed · related —
    — — Arnold Boulevard LLC — Deed Of Trust · related $1.7M · Private Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,225,000
      ML approach
      $1,290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Howell
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2136
    Latitude
    40.15
    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
    $17,443
    $299,400
    $750,500
    $1,049,900
    -
    $299,400
    $750,500
    $1,049,900

    Comparable in this City

    • Value Estimation
      $2,240,000
      1,260 SF

      327 Maxim Rd

      INDUSTRIAL (GENERAL)
      327 Maxim Rd, Howell, NJ 07731-8806
      View Details
    • Value Estimation by Request
      5,000 SF

      555 Oak Gln Rd

      INDUSTRIAL (GENERAL)
      555 Oak Gln Rd, Howell, NJ 07731-8933
      View Details
    • Value Estimation
      $1,840,000
      21,555 SF

      247 Old Tavern Rd

      INDUSTRIAL (GENERAL)
      247 Old Tavern Rd, Howell, NJ 07731-8814
      View Details
    • Value Estimation
      $4,310,000
      32,720 SF

      433 Oak Gln Rd

      INDUSTRIAL (GENERAL)
      433 Oak Gln Rd, Howell, NJ 07731-8932
      View Details
    • Value Estimation by Request
      3,250 SF

      Victory Rd

      INDUSTRIAL (GENERAL)
      Victory Rd, Howell, NJ 07731
      View Details
    • Value Estimation
      $1,960,000
      4,612 SF

      165 Victory Rd

      INDUSTRIAL (GENERAL)
      165 Victory Rd, Howell, NJ 07731-8778
      View Details

    Similar Nearby for Sale

    • $1,900,000
      Pending

      Renovated Warehouse and Showroom

      Completely renovated building with warehouse, showroom, and offices.
      1029 Us Highway 9, Howell, NJ 07731
      View Details
    • $3,750,000
      7,800 SF

      Office Warehouse with Expansion Potential

      Howell commercial property featuring office, warehouse, and expansion approvals.
      19 Miller Rd, Howell, NJ 07731
      View Details
    • $1,900,000
      5,990 SF

      Renovated Building with Warehouse/Showroom

      Renovated building with showroom, offices, and warehouse space.
      1029 Us Highway 9, Howell, NJ 07731
      View Details
    • $399,900
      7,116 SF

      Howell Mixed-Use Opportunity

      Residential home, garage, and warehouse near I-195 for sale.
      465 Lakewood Farmingdale Rd, Howell, NJ 07731
      View Details
    • $2,790,000
      2,634 SF

      23.5 Acre Farm Property

      Farm property with barn, pond, and road frontage.
      251 Oak Glen Rd, Howell, NJ 07731
      View Details
    • Contact for pricing
      6,000 SF

      Prime Commercial Property on Route 9

      2-acre commercial property with 6k SF buildings and ample parking.
      5499 Us Highway 9, Howell, NJ 07731
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      653,400 SF

      Equestrian Facility for Rent

      Spacious equestrian facility on 15 acres in Howell, NJ.
      919 Lakewood Farmingdale Rd, Howell, NJ 07731
      View Details
    • Contact for pricing
      1,165 SF

      Community Center Retail Space Available

      Retail space for lease in high-traffic community center.
      4075 Rte 9, Howell, NJ 07731
      View Details
    • Contact for pricing

      Retail and Pad Sites Available

      Retail and pad sites for rent in Howell Township, NJ.
      5313 Us Highway 9, Howell, NJ 07731
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Howell Township, NJ.
      1990 Us Highway 9, Howell, NJ 07731
      View Details
    • Contact for pricing
      1,300 SF

      Retail Building with Drive-Thru

      Two-story, 3,800 SF building with drive-thru on Route 9.
      4007 Us Highway 9, Howell, NJ 07731
      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.
    Lakewood Allenwood Rd
    Howell, NJ 07731
    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

    Thank You for Inquiry
    Lakewood Allenwood Rd, Howell, NJ, 07731
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!