Property profile

688 E Bay Ave Barnegat, NJ 08005

FOR SALE
Other commercial real estate
Saved · see the list in your Dashboard
Property ID
US59-0551212
2,816 SF 0.22 ac Built 1920
Last sale Mar 2023·$500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A 2,816-square-foot restaurant property on a 0.22-acre lot, previously operated as a 70-seat dining establishment with an on-site ice cream parlor and a classic walk-up ice cream bar featuring an exterior window. The interior includes vintage woodwork and customer dining areas designed for breakfast, lunch, and dinner service. Food service infrastructure consists of a fully equipped, high-volume commercial kitchen, along with well-maintained back-of-house facilities. The layout provides two…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$9k
Tax billed · 2022
Assessed value · 2023$331k
Assessed land$100k
Assessed improvement$231k
Effective rate2.82%

Value estimate

· Nov 2026
$505k
$455k – $556k
AI approach$515k
CAP approach$500k
Submarket $/SF estimate$332k
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$3k
Operating expenses−$14k
NOI · 6.53% cap applied$43k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$161/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$109 – $214
Qualifying comparables6

Cap rate analysis

How does the asset earn?
6.53%
$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CVH
JurisdictionOCEAN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.7
Law Firm11.5
Hair Salon9.8

Location

688 E Bay Ave Barnegat, NJ 08005
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
360 Main, Barnegat, NJ 08005-2442 $50,000 Dec 2025 1,908 SF
1 Cedar, Barnegat, NJ 08005-2420 $160,000 Aug 2023 1,892 SF
715 Bay, Barnegat, NJ 08005-2130 $460,000 Jul 2022 2,477 SF
483 Bay, Barnegat, NJ 08005-2474 $700,000 Jul 2022 3,780 SF
100 Gunning Riv, Barnegat, NJ 08005-1703 $500,000 Mar 2022 3,624 SF
684 Bay, Barnegat, NJ 08005-2465 $308,000 Feb 2022 3,036 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved