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Property profile

1008 Ocean Ave Point Pleasant Beach, NJ 08742

FOR SALE
Other commercial real estate
Property ID
US59-1924451
10,868 SF 0.86 ac lot
Last sale May 2026 · $5,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an oceanfront site on approximately 0.86 acres in Point Pleasant Beach, located near downtown and the boardwalk. It has a total land area of about 10,868 square feet and is designated under RR3 zoning, which allows for multiple development possibilities. The site is currently improved with the Windswept Motel and includes an oceanfront swimming pool.

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 · 2023

What does the county charge?
$64k
Tax billed · 2023
Assessed value · 2024$3.84M
Assessed land$2.69M
Assessed improvement$1.15M
Effective rate1.67%

Value estimate

· Oct 2026
$2.19M
$1.97M – $2.41M
CAP approach$1.93M
Submarket $/SF estimate$2.27M
NOI build-up
Gross scheduled income$196k
Vacancy & credit loss−$29k
Operating expenses−$87k
NOI · 0.75% cap applied$79k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$276/SF
ZIP average, outlier-cleaned · 77 recorded sales of this use type
Observed band · Q1–Q3$179 – $369
Qualifying comparables5

Cap rate analysis

How does the asset earn?
0.75%
$79k 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?
RR3
JurisdictionOCEAN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.9
Smoke and Vape Shop8.6
Tailor Shop8.5

Location

1008 Ocean Ave Point Pleasant Beach, NJ 08742
County assessor Recorded deeds · 13 transfers 5 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
107 Riv, Point Pleasant Beach, NJ 08742-2563 $4,340,000 Dec 2025 18,260 SF
3104 Brg, Point Pleasant Boro, NJ 08742-3454 $2,000,000 Dec 2023 11,025 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
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