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Property profile & analytics
OFF-MARKET
Commercial real estate
111 Main St, Forked River, NJ 08731-3628
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-3025883
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
FRAME
Total area
1,512 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C150
APN
13 00315-0000-00003- 01
UPID
US59-3025883
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
111 North Main Street LLC · 5 yrs held
111 North Main Street LLC
since 2020
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
C150 · Forked River, 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 Forked River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forked River 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
$7,921
Tax year 2022
Assessed value
$350,000
Assessed 2023
Previous assessed
$350,000
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$236,300
Assessed improvement
$113,700
Land market value
$236,300
Improvement market value
$113,700
Total market value
$350,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1940
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
2
Total area
1,512 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C150
APN
13 00315-0000-00003- 01
UPID
US59-3025883
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C150 · Forked River, NJ
Zoning C150 · permitted uses
C150 · Forked River, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forked River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
111 North Main Street LLC
Entity
Mailing address
23 TUPELO RD, BAYVILLE, NJ 08721-2183
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
$350,000
111 North Main Street LLC
Edward Schack
Deed
$250,000 · Fulton Bank NA
Dec 8, 2011
—
Edward Schack
Schack,edward & Ellen
Quit Claim Deed
related
—
Oct 14, 2010
$3,200
New Jersey State Dep
Schack,edward & Ellen
Grant Deed
—
Jul 7, 2006
$440,000
Edward Schack
Biyad,jay
Grant Deed
—
Sep 30, 2005
$240,000
Jay Biyad
Holm,walter
Grant Deed
$283,500 · Sterling Bank
Apr 5, 2005
—
Walter Holm
Averell,kevin
Grant Deed
related
—
Jan 26, 2005
$196,000
Kevin Averell
Turon,jean
Grant Deed
—
—
—
Schack,edward & Ellen
—
Deed Of Trust
related
$110,000 · Pnc Bk
—
—
Ellen Schack
—
Deed Of Trust
related
$250,000 · Oceanfirst Bk
—
—
Edward Schack
—
Deed Of Trust
related
$100,000 · Oceanfirst Bank
—
—
Edward Schack
—
Deed Of Trust
related
$60,000 · Oceanfirst 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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