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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Commercial real estate
100 Norwood Ave Deal, NJ 07723-1208
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1213875
Property summary
AI-generated overview
This exceptional mixed-use property presents a rare investment opportunity in the desirable Deal, New Jersey beachfront area. The offering encompasses three distinct components: a commercial strip consisting of two units at 100 Norwood Avenue (Units 100A and 100B), and a detached residential home situated at 116 Phillips Avenue. The commercial units are currently leased, with one tenant holding a lease extending to September 30, 2033, and the other to March 31, 2029. Direct communication with the current tenants regarding the sale is prohibited. The residential property is a well-maintained three-bedroom, two-bathroom ranch home, featuring a private courtyard and a fully finished lower level. The entire property sits on a 0.17-acre lot, measuring approximately 150 feet by 50 feet. Its prime location offers convenient access to area beaches, shopping centers, and places of worship. This unique combination of commercial income and residential living makes this an attractive investment for discerning buyers seeking a high-yield property in a highly sought-after location. The total square footage of the property is 4,774 square feet. The asking price is $3,999,999.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1888
Construction
CONCRETE BLOCKS
Total area
4,774 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C
APN
11 00022-0000-00001
UPID
US59-1213875
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
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
ADELE DWECK
ADELE DWECK
Zoning & alternative use
C · Deal, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Deal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deal 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,240,000
Current use
OFFICE BUILDING
$1,175,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
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
$168 / 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
$8,173
Tax year 2022
Assessed value
$1,503,200
Assessed 2023
Previous assessed
$1,503,200
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$676,600
Assessed improvement
$826,600
Land market value
$676,600
Improvement market value
$826,600
Total market value
$1,503,200
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1888
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
5
Total area
4,774 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C
APN
11 00022-0000-00001
UPID
US59-1213875
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C · Deal, NJ
Zoning C · permitted uses
C · Deal, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Deal. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1888
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
ADELE DWECK
Individual
Free & Clear · 0 yrs held
Mailing address
116 PHILLIPS AVE, DEAL, NJ 07723-1212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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