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    Property profile & analytics

    1423 Corlies Ave Neptune City, NJ 07753

    • Retail properties
    • 3,358 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1423 Corlies Ave

    Year built
    1957
    Property size
    3,358 SF
    Property type
    Retail properties

    Description

    This exceptional investment opportunity presents a well-established auto repair business and its accompanying real estate at 1423 Corlies Avenue in Neptune City, New Jersey. The property boasts 3,358 square feet on a 7,505 square foot lot, built in 1957. The business has enjoyed over three decades of operation, offering a proven track record and established clientele. Included in the sale price of $1,350,000 is the existing auto repair machinery and fixtures, fittings, and equipment (FF&E)

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Neptune City
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0294
    Latitude
    40.2092

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      26,870 SF

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    1423 Corlies Ave
    Neptune City, NJ 07753
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    Realmo Value Estimation

    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.

    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.

    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
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