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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Parking lots & garages
Main St At High St Matawan, NJ 07747
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2364115
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Construction
TYPE NOT SPECIFIED
Lot
0.87 ac (37,680 SF)
Zoning code
RID
APN
31 00005-0000-00009
UPID
US59-2364115
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
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
425 Cherry Associates LLC · 5 yrs held
425 Cherry Associates LLC
since 2020
Last sale
$650,000
4 recorded transactions
Zoning & alternative use
RID · Matawan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
USINESS DISTRICT. § 34-68 SB SPECIAL BUSINESS DISTRICT. § 34-69 DPD DOWNTOWN PRESERVATION DISTRICT. § 34-69A 160 MAIN MIXED-USE DISTRICT. § 34-70 HI HIGHWAY IMPROVEMENT DISTRICT. § 34-71 IND INDUSTRIAL DISTRICT. § 34-72 RID RAILROAD IMPROVEMENT DISTRICT. § 34-73 GO GENERAL OFFICE DISTRICT. § 34-73A MUD - MIXED USE DEVELOPMENT DISTRICT. Article XII Conditiona…
Zone name
Railroad Improvement District
General category
INDUSTRIAL
Zone area
26.23 ac
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
$805,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $650k (Sep 16 2020)
Last sale anchor
$650k
Sep 16 2020
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
—
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
$21,383
Tax year 2022
Assessed value
$856,700
Assessed 2023
Previous assessed
$856,700
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$836,000
Assessed improvement
$20,700
Land market value
$836,000
Improvement market value
$20,700
Total market value
$856,700
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
1
Stories
1
Lot
0.87 ac (37,680 SF)
Zoning code
RID
APN
31 00005-0000-00009
UPID
US59-2364115
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
RID · Matawan, NJZoning RID · permitted uses
RID · Matawan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
USINESS DISTRICT. § 34-68 SB SPECIAL BUSINESS DISTRICT. § 34-69 DPD DOWNTOWN PRESERVATION DISTRICT. § 34-69A 160 MAIN MIXED-USE DISTRICT. § 34-70 HI HIGHWAY IMPROVEMENT DISTRICT. § 34-71 IND INDUSTRIAL DISTRICT. § 34-72 RID RAILROAD IMPROVEMENT DISTRICT. § 34-73 GO GENERAL OFFICE DISTRICT. § 34-73A MUD - MIXED USE DEVELOPMENT DISTRICT. Article XII Conditional Uses § 34-74 APPLICATION. § 34-75 CLUSTER DEVELOPMENT. § 34-76 HOUSES OF WORSHIP.
Zone name
Railroad Improvement District
General category
INDUSTRIAL
Zone area
26.23 ac
Building & site characteristics
From public records
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
425 Cherry Associates LLC
Entity
Mailing address
PO BOX 1667, LINDEN, NJ 07036-0007
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2020
$650,000
425 Cherry Associates LLC
Matawan 40 Main LLC
Grant Deed
—
Oct 2, 2018
$650,000
Matawan 40 Main LLC
Sultan Management INC
Grant Deed
—
Sep 12, 2005
—
Sultan Management INC
Sultan Management INC
Quit Claim Deed
related
$250,000 · United Orient Bank
—
—
Sultan Management INC
—
Deed Of Trust
related
$250,000 · United Orient Bank
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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