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Property profile & analytics
FOR LEASE
Industrial properties
1 Field St Avon by the Sea, NJ 07717
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1917976
For Lease
1 / 7
$1,245,000
1 Field St, Avon by the Sea, NJ 07717
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Construction
CONCRETE BLOCKS
Total area
9,032 SF
Lot
0.21 ac (9,000 SF)
Zoning code
GC
APN
06 00004- 01-00003
UPID
US59-1917976
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
Current use
Occupant on record · Public records
-
Fitness By The Sea Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Field Street Development LLC · 4 yrs held
Field Street Development LLC
since 2021
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
GC · Avon By The Sea, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nership. Article IV District Zoning Regulations § 113-10 Regulations Applying to All Zones. § 113-11 R - Single-Family Residential District § 113-11.1 R Single-Family Residential District - Development process. § 113-12 GC - General Commercial District. § 113-13 M-O/R - Mixed Office/Residential District § 113-14 DC - Downtown Commercial District. § 113-15 B…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
11.76 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 Avon by the Sea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon by the Sea 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
$1,350,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
$1,445,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,860,000
Current use
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.10M (Sep 9 2021)
Last sale anchor
$1.10M
Sep 9 2021
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
$138 / SF
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
$9,158
Tax year 2022
Assessed value
$1,083,800
Assessed 2023
Previous assessed
$1,083,800
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$462,000
Assessed improvement
$621,800
Land market value
$462,000
Improvement market value
$621,800
Total market value
$1,083,800
Applied tax rate
6.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1940
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
9,032 SF
Lot
0.21 ac (9,000 SF)
Zoning code
GC
APN
06 00004- 01-00003
UPID
US59-1917976
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GC · Avon By The Sea, NJZoning GC · permitted uses
GC · Avon By The Sea, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nership. Article IV District Zoning Regulations § 113-10 Regulations Applying to All Zones. § 113-11 R - Single-Family Residential District § 113-11.1 R Single-Family Residential District - Development process. § 113-12 GC - General Commercial District. § 113-13 M-O/R - Mixed Office/Residential District § 113-14 DC - Downtown Commercial District. § 113-15 B - Beach District. § 113-16 MLC - Mount Laurel Compliance. Article V General Zoning
Zone name
General Commercial
General category
COMMERCIAL
Zone area
11.76 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Field Street Development LLC
Entity
Mailing address
100 W 23RD ST FL #4, NEW YORK, NY 10011-0028
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2023
—
Field Street Development LLC
—
Deed
related
$900,000 · First Atlantic FCU
Sep 9, 2021
$1,100,000
Field Street Development LLC
Jay Wohl
Deed
$825,000 · Jay Wohl
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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