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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Commercial real estate
114 Bch St, Rockaway, NJ 07866-3529
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1629660
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
TYPE NOT SPECIFIED
Total area
14,700 SF
Lot
17.22 ac (750,103 SF)
Zoning code
GLI
APN
34 00017-0000-00008
UPID
US59-1629660
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
Current use
Occupant on record · Public records
-
Siena Woodworks General Contractor
-
Paws-Itive Experience Pet Services Kennel & Boarding Facility
-
Creative Pattern And MFG Industrial Manufacturer Production Facility
-
Plastiform Packaging Inc Industrial Manufacturer Production Facility
-
Cutters Tree Services Inc Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.33M
Owner & transaction history
Davco Beach 114 LLC · 6 yrs held
Davco Beach 114 LLC
since 2019
6 recorded transactions
Zoning & alternative use
GLI · Rockaway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+0.9%
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 Rockaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,050,000
Current use
OFFICE BUILDING
$3,080,000
Change: +1% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,630,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10%
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
$159 / 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
$129,160
Tax year 2022
Assessed value
$4,000,000
Assessed 2023
Previous assessed
$4,000,000
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$1,479,000
Assessed improvement
$2,521,000
Land market value
$1,479,000
Improvement market value
$2,521,000
Total market value
$4,000,000
Applied tax rate
34.0000
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
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Total area
14,700 SF
Lot
17.22 ac (750,103 SF)
Zoning code
GLI
APN
34 00017-0000-00008
UPID
US59-1629660
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
GLI · Rockaway, NJ
Zoning GLI · permitted uses
GLI · Rockaway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
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
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Lot
17.22 ac
Current owner
From public records · entity-resolved
Davco Beach 114 LLC
Entity
Mailing address
4403 15TH AVE #310, BROOKLYN, NY 11219-1604
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
—
Davco Beach 114 LLC
—
Deed
related
$8,000,000 · Fulton Bank NA
Jul 29, 2019
$4,700,000
Davco Beach 114 LLC
Sl 114 Beach Street LLC
Deed
$3,525,000 · Spencer Savings Bank Sla
Jan 30, 2019
—
Sl 114 Beach Street LLC
—
Deed
related
$22,350,000 · Investors Bk
—
—
Sl 114 Beach Street LLC
—
Deed Of Trust
related
$22,350,000 · Investors Bk
—
—
Roned Realty LP
—
Deed Of Trust
related
$1,687,500 · Union Center National Bank
—
—
Roned Realty
—
Deed Of Trust
related
$1,500,000 · Independence Community 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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