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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Commercial real estate
101 Navesink Ave Atlantic Highlands, NJ 07716-2555
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0515154
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Construction
FRAME
Total area
2,460 SF
Lot
0.14 ac (6,206 SF)
Zoning code
R-15
APN
32 00726-0000-00021
UPID
US59-0515154
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
-
Almost Home Red General Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$840k
Owner & transaction history
Lamanna Projects LLC · 2 yrs held
Lamanna Projects LLC
since 2023
Last sale
$862,000
7 recorded transactions
Zoning & alternative use
R-15 · Atlantic Highlands, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$605,000
+25.8%
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 Atlantic Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic Highlands 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
$810,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $862k (Aug 29 2023)
Last sale anchor
$862k
Aug 29 2023
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
$341 / 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
$8,528
Tax year 2022
Assessed value
$507,200
Assessed 2023
Previous assessed
$507,200
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$329,000
Assessed improvement
$178,200
Land market value
$329,000
Improvement market value
$178,200
Total market value
$507,200
Applied tax rate
32.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
2,460 SF
Lot
0.14 ac (6,206 SF)
Zoning code
R-15
APN
32 00726-0000-00021
UPID
US59-0515154
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-15 · Atlantic Highlands, NJ
Zoning R-15 · permitted uses
R-15 · Atlantic Highlands, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic Highlands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$605,000
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
1930
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Lamanna Projects LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1101 OCEAN AVE, ASBURY PARK, NJ 07712-5799
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$862,000
Lamanna Projects LLC
Big M Realty LLC
Deed
—
May 22, 2018
$700,000
Big M Realty LLC
Red Store LLC
Grant Deed
$37,000 · Red Store LLC
May 22, 2018
—
Red Store LLC
Verange,patrick J & John W JR
Grant Deed
related
—
May 2, 2017
—
Red Store LLC
Verange,patrick J & John W JR
Grant Deed
related
$260,000 · Bayview Ln Svcg
May 9, 2016
—
Patrick J Verange
—
Deed
related
$83,599 · First Constitution Bk
—
—
Patrick J Verange
—
Deed Of Trust
related
$83,599 · First Constitution Bk
—
—
Patrick J Verange
—
Deed Of Trust
related
$125,000 · Rumson Fair Haven Bank & Trust
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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