New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Commercial real estate
1107 State Rte 35, Ocean, NJ 07712-4043
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1497835
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1963
Construction
CONCRETE BLOCKS
Total area
9,385 SF
Lot
0.71 ac (31,050 SF)
Zoning code
C-3
APN
37 00209-0000-00007- 01
UPID
US59-1497835
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
$1.72M
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Nkn Enterprise Holdings LLC · 3 yrs held
Nkn Enterprise Holdings LLC
since 2023
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
C-3 · Ocean, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+3.7%
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 Ocean submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean 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
$1,630,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$2,110,000
6.5%
$1,950,000
7%
$1,810,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,395,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,480,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$2,315,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,935,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.73M (Apr 26 2023)
Last sale anchor
$1.73M
Apr 26 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
$181 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$18,709
Tax year 2023
Assessed value
$1,659,200
Assessed 2024
Previous assessed
$1,659,200
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$945,500
Assessed improvement
$713,700
Land market value
$945,500
Improvement market value
$713,700
Total market value
$1,659,200
Applied tax rate
37.0000
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
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
9,385 SF
Lot
0.71 ac (31,050 SF)
Zoning code
C-3
APN
37 00209-0000-00007- 01
UPID
US59-1497835
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Ocean, NJ
Zoning C-3 · permitted uses
C-3 · Ocean, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
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
1963
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Nkn Enterprise Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1002 MAIN ST, ASBURY PARK, NJ 07712-5923
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2023
—
Nkn Enterprise Holdings LLC
Nkn Enterprise Holdings LLC
Intrafamily Transfer
related
—
Feb 16, 2022
$1,730,000
Nkn Enterprise Holdings LLC
Ocean Route 35 LLC
Deed
$1,297,500 · Magyar Bank
Sep 14, 2018
$950,000
Ocean RT Trust 35 LLC
Cutaio,joseph
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1107 State Rte 35?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
