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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Commercial real estate
111 Riv Rd Rumson, NJ 07760-1627
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0922387
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1934
Construction
CONCRETE BLOCKS
Total area
2,640 SF
Lot
0.14 ac (6,250 SF)
Zoning code
GB
APN
41 00059-0000-00006
UPID
US59-0922387
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
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Aspire Holdings Re LLC · 2 yrs held
Aspire Holdings Re LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
GB · Rumson, 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 Rumson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rumson 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
$1,085,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.15M (Aug 9 2023)
Last sale anchor
$1.15M
Aug 9 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
$422 / 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
$8,521
Tax year 2022
Assessed value
$698,900
Assessed 2023
Previous assessed
$698,900
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$487,500
Assessed improvement
$211,400
Land market value
$487,500
Improvement market value
$211,400
Total market value
$698,900
Applied tax rate
41.0000
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
1934
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
2,640 SF
Lot
0.14 ac (6,250 SF)
Zoning code
GB
APN
41 00059-0000-00006
UPID
US59-0922387
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GB · Rumson, NJZoning GB · permitted uses
GB · Rumson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$685,000
COMMERCIAL (GENERAL) Current
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
1934
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Aspire Holdings Re LLC
Entity
Mailing address
111 E RIV RD, RUMSON, NJ 07760-1627
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
$1,150,000
Aspire Holdings Re LLC
111 East River Road LLC
Deed
$587,500 · Provident Bank
Feb 13, 2020
—
111 East River Road LLC
Timothy Britton
Grant Deed
related
—
Feb 14, 2019
$645,000
Timothy Britton
Thompsen,scott L
Grant Deed
—
—
—
Scott Thompsen
—
Loan Modification
related
—
—
—
Scott Thompsen
—
Deed Of Trust
related
—
—
—
Scott Thompsen
—
Deed Of Trust
related
—
—
—
Thompson,scott
—
Loan Modification
related
$225,000 · First Constitution Bk
—
—
Thompson,scott
—
Deed Of Trust
related
$191,267 · First Constitution Bk
—
—
Scott Thompsen
—
Loan Modification
related
—
—
—
Scott Thompson
—
Deed Of Trust
related
—
—
—
Scott Thompsen
—
Deed Of Trust
related
$225,000 · Rumson Fair Haven Bank & Trust
—
—
Scott Thompen
—
Deed Of Trust
related
—
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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