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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Office buildings
1155 Rte 72nd W, Manahawkin, NJ 08050-2482
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0602181
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
FRAME
Total area
5,774 SF
Lot
2.09 ac (91,040 SF)
Zoning code
HMC
APN
31 00013-0000-00038- 03
UPID
US59-0602181
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
$1.41M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.37M
Owner & transaction history
A & I Holdings LLC · 5 yrs held
A & I Holdings LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
HMC · Manahawkin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.6M
+19.3%
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 Manahawkin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manahawkin 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
$1,500,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
$1,570,000
6.5%
$1,450,000
7%
$1,345,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,375,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,635,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,230,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.08M (Aug 14 2020)
Last sale anchor
$1.08M
Aug 14 2020
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
$237 / 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
$30,764
Tax year 2022
Assessed value
$1,306,900
Assessed 2023
Previous assessed
$1,306,900
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$419,000
Assessed improvement
$887,900
Land market value
$419,000
Improvement market value
$887,900
Total market value
$1,306,900
Applied tax rate
31.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
5,774 SF
Lot
2.09 ac (91,040 SF)
Zoning code
HMC
APN
31 00013-0000-00038- 03
UPID
US59-0602181
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HMC · Manahawkin, NJ
Zoning HMC · permitted uses
HMC · Manahawkin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manahawkin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
FRAME
Heating
NONE
Stories
1
Units
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
A & I Holdings LLC
Entity
Mailing address
22 DUNE RD, OCEAN, NJ 07712-3767
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2020
$1,075,000
A & I Holdings LLC
Big Daddy Professional Building LLC
Deed
$860,000 · Td Bank NA
Mar 6, 2017
—
Big Daddy Prof Building LLC
—
Deed
related
$950,000 · Republic Bk
Apr 3, 2012
$1,100,000
Big Daddy Prof Building LLC
Lighthouse Realty Holdings LLC
Grant Deed
$990,000 · Shore Community Bank
Feb 7, 2012
$1,478,957
Lighthouse Realty Holdings LLC
Sheriff Of Ocean County
Trustees Deed
related
—
Jun 8, 2007
—
Stafford R/e Venture Corp
—
Trustees Deed
related
$120,000 · Shore Community Bank
Dec 19, 2006
—
Stafford R/e Venture Corp
Davies,mark W
Grant Deed
—
Sep 18, 2001
$365,000
Stafford Township Real Estate
Davies,mark W
Grant Deed
—
—
—
Stafford R/e Venture Corp
—
Deed Of Trust
related
$30,000 · Shore Community Bank
—
—
Stafford R/e Venture Corp
—
Deed Of Trust
related
$1,320,000 · Shore Community Bank
—
—
Big Daddy Prof Building LLC
—
Deed Of Trust
related
$950,000 · Republic 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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