523 Newman SpgsLincroft, NJ 07738

  • Commercial real estate
  • 6,436 SF
Off market
$17,098,200 Estimated

Property Details for 523 Newman Spgs

Year built
1929
Lot size
1.71 AC
Property size (Sq ft)
6,436 SF
Zone code
R-O
Property type
Commercial real estate
APN
32 01117-0000-00030- 01
APU
320111700000003001

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,348,060
    6.5%
    $1,244,360
    7%
    $1,155,480
  • Comparable approach

    Method
    Valuation
    Relative Method
    $840,928
    Geo Method
    $840,928
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,403,030
    Retail / Commercial
    $1,241,430
    Mixed-Use / Specialty
    $1,244,230
    Hospitality / Lodging
    $922,255
    Office
    $1,244,360
    Institutional / Educational
    $1,296,080
    Residential Income
    $1,516,410
    Multifamily
    $1,778,650
    Automotive / Energy
    $1,110,920
    Parking / Income-Based Land
    $376,228
    Restaurant / Food Service
    $662,550
    Healthcare / Senior Housing
    $1,268,520

Location Insight

City
Lincroft
County
Monmouth
State
New Jersey
Latitude
40.3333
Longitude
-74.1131
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
2023
$24,695
$365,200
$1,036,800
$1,402,000
-
$365,200
$1,036,800
$1,402,000

FAQs

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