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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Commercial real estate
1119 State Rte 35, Ocean, NJ 07712-4043
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0521196
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1958
Construction
CONCRETE BLOCKS
Total area
10,385 SF
Lot
2.6 ac (113,256 SF)
APN
37 00209-0000-00015- 01
UPID
US59-0521196
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
$2.89M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$2.98M
Owner & transaction history
Provident Investors LLC · 3 yrs held
Provident Investors LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.7M
+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
$2,860,000
ML approach
$2,885,000
CAP Approach
CAP Return
Estimation
6%
$2,335,000
6.5%
$2,155,000
7%
$2,005,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,645,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,745,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$2,560,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,140,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±10% · vs last sale $3.04M (Apr 13 2023)
Last sale anchor
$3.04M
Apr 13 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
$286 / 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
$36,363
Tax year 2022
Assessed value
$2,110,100
Assessed 2023
Previous assessed
$2,110,100
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,409,000
Assessed improvement
$701,100
Land market value
$1,409,000
Improvement market value
$701,100
Total market value
$2,110,100
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
1958
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
10,385 SF
Lot
2.6 ac (113,256 SF)
APN
37 00209-0000-00015- 01
UPID
US59-0521196
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
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
1958
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
Provident Investors LLC
Entity
Mailing address
417 EUCLID AVE, LOCH ARBOUR, NJ 07711-1241
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
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2025
—
Provident Investors LLC
—
Deed
related
$1,091,908 · Manasquan Bank
Apr 13, 2023
$3,037,500
Provident Investors LLC
4n Investors LLC
Deed
$1,875,000 · Manasquan Bank
Jul 27, 2020
—
4 N Investors LLC
—
Deed
related
$2,050,000 · Manasquan Bk
Dec 22, 2017
—
4 N Investors LLC
—
Deed
related
$783,866 · Manasquan Bk
Oct 26, 2017
—
Four N Investors LLC
Four N Investors LLC
Quit Claim Deed
related
—
Oct 6, 2017
—
4 N Investorsllc
4 N Investors LLC
Quit Claim Deed
related
—
Aug 30, 2017
—
Ocean Twp
Ocean Twp
Quit Claim Deed
related
—
Mar 4, 2009
—
Ocean Twp
Four N Investors LLC
Grant Deed
related
—
Apr 21, 2004
$1
4 N Investors LLC
Nelson,dean
Grant Deed
related
—
—
—
4 N Investors LLC
—
Deed Of Trust
related
$170,000 · Two River Cmnty Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$1,175,000 · Monmouth Cmnty Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$250,000 · Monmouth Cmnty Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$111,000 · Central Jersey Bk
—
—
Nelson,dean
—
Deed Of Trust
related
$250,000 · Monmouth Cmnty Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$201,509 · Kearny Fsb
—
—
4 N Investors LLC
—
Deed Of Trust
related
$2,050,000 · Manasquan Bk
—
—
4 N Investors LLC
—
Loan Modification
related
$783,866 · Manasquan Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$1,120,000 · Two River Cmnty Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$1,416,509 · Manasquan Bk
—
—
4 N Investors LLC
—
Loan Modification
related
$1,016,509 · Manasquan Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$783,866 · Manasquan Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$60,000 · Central Jersey Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$100,000 · Central Jersey Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$240,000 · Two River Cmnty Bk
—
—
4 N Investors LLC
—
Deed Of Trust
related
$350,000 · Central Jersey Bk
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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