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Property profile & analytics
OFF-MARKET
Estimated value
$3,920,000
Commercial real estate
1041 State Rte 36 Atlantic Highlands, NJ 07716-2533
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-2083059
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Construction
CONCRETE BLOCKS
Total area
18,267 SF
Lot
3.34 ac (145,490 SF)
Zoning code
B-3
APN
32 00729-0000-00015
UPID
US59-2083059
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
$4.08M
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
$4.23M
Blend (final)
Blend
$3.92M
Owner & transaction history
1041 Hwy 36 LLC · 5 yrs held
1041 Hwy 36 LLC
since 2021
Last sale
$3.6M
1 recorded transaction
Zoning & alternative use
B-3 · Atlantic Highlands, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.8M
+34.8%
Office building
$4.5M
+25.8%
Industrial (general)
$3.8M
+5.1%
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
$4,205,000
ML approach
$4,080,000
CAP Approach
CAP Return
Estimation
6%
$4,110,000
6.5%
$3,795,000
7%
$3,525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,830,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$4,505,000
Change: +26% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,765,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$3.92M
Range $3.53M – $4.31M · ±10% · vs last sale $3.60M (Mar 22 2021)
Last sale anchor
$3.60M
Mar 22 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
$215 / 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
$65,033
Tax year 2022
Assessed value
$3,614,700
Assessed 2023
Previous assessed
$3,614,700
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$1,235,800
Assessed improvement
$2,378,900
Land market value
$1,235,800
Improvement market value
$2,378,900
Total market value
$3,614,700
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
1993
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
18,267 SF
Lot
3.34 ac (145,490 SF)
Zoning code
B-3
APN
32 00729-0000-00015
UPID
US59-2083059
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Atlantic Highlands, NJ
Zoning B-3 · permitted uses
B-3 · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1993
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
3.34 ac
Current owner
From public records · entity-resolved
1041 Hwy 36 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
75 CROWS ML RD STE #200, KEASBEY, NJ 08832-1004
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2021
$3,600,000
1041 Hwy 36 LLC
Frank A Vaccaro LLC
Deed
—
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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