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Property profile & analytics
OFF-MARKET
Commercial real estate
109-111 Hwy 71 Spring Lake, NJ 07762
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-1258955
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Total area
2,836 SF
Lot
0.34 ac (15,000 SF)
Zoning code
5685
APN
48 00015-0000-00276
UPID
US59-1258955
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Degroote & Curry-edwads LLC · 11 yrs held
Degroote & Curry-edwads LLC
since 2015
7 recorded transactions
Zoning & alternative use
5685 · Spring Lake, 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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,362
Tax year 2022
Assessed value
$776,700
Assessed 2023
Previous assessed
$776,700
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$550,000
Assessed improvement
$226,700
Land market value
$550,000
Improvement market value
$226,700
Total market value
$776,700
Applied tax rate
48.0000
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
Heating
NONE
Buildings
1
Total area
2,836 SF
Lot
0.34 ac (15,000 SF)
Zoning code
5685
APN
48 00015-0000-00276
UPID
US59-1258955
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
5685 · Spring Lake, NJ
Zoning 5685 · permitted uses
5685 · Spring Lake, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Buildings
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Degroote & Curry-edwads LLC
Entity
Mailing address
111 STATE RTE 71, SPRING LAKE, NJ 07762-1824
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2026
—
Limit Degroote
—
Deed
related
$75,000 · Manasquan Bank
Apr 27, 2020
—
Degroote & Curry Edwards LLC
—
Deed
related
$25,000 · Manasquan Bk
Apr 23, 2015
$685,000
Degroote & Curry-edwads LLC
111 Highway 71 LLC
Grant Deed
related
$548,000 · Manasquan Svgs Bk
—
—
111 Highway 71 LLC
—
Deed Of Trust
related
$85,000 · Manasquan Svgs Bk
—
—
Degroole & Curry-edwards LLC
—
Deed Of Trust
related
$25,000 · Manasquan Svgs Bk
—
—
111 Highway 71 LLC
—
Deed Of Trust
related
$30,000 · Manasquan Svgs Bk
—
—
Degroote & Curry Edwards LLC
—
Deed Of Trust
related
$25,000 · Manasquan Bk
—
—
111 Route 71 LLC
—
Deed Of Trust
related
—
—
—
Seabreeze Food Service INC
—
Deed Of Trust
related
$85,000 · Manasquan Savings Bank
—
—
111 Route 71 LLC
—
Deed Of Trust
related
$75,000 · Manasquan Savings Bank
—
—
111 Highway 71 LLC
—
Deed Of Trust
related
$420,000 · Manasquan Savings Bank
—
—
111 Highway 71 LLC
—
Deed Of Trust
related
$495,000 · Manasquan Savings Bank
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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