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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Commercial real estate
1168 Beacon Ave Manahawkin, NJ 08050-2592
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0297542
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Construction
FRAME
Total area
5,727 SF
Lot
0.44 ac (19,094 SF)
Zoning code
NMC
APN
31 00044- 15-00040- 01
UPID
US59-0297542
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
$1.52M
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.52M
Owner & transaction history
Bpi Manahawkin LLC · 1 yrs held
Bpi Manahawkin LLC
since 2024
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
NMC · Manahawkin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.6M
+32.9%
Office building
$1.4M
+11.4%
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
$1,520,000
ML approach
$1,520,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,220,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,625,000
Change: +33% · Conversion: Moderate
OFFICE BUILDING
$1,360,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.52M (Aug 7 2024)
Last sale anchor
$1.52M
Aug 7 2024
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
$265 / 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
$26,264
Tax year 2022
Assessed value
$1,115,700
Assessed 2023
Previous assessed
$1,115,700
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$201,100
Assessed improvement
$914,600
Land market value
$201,100
Improvement market value
$914,600
Total market value
$1,115,700
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
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
1976
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
1
Total area
5,727 SF
Lot
0.44 ac (19,094 SF)
Zoning code
NMC
APN
31 00044- 15-00040- 01
UPID
US59-0297542
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
NMC · Manahawkin, NJZoning NMC · permitted uses
NMC · Manahawkin, 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
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1976
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Bpi Manahawkin LLC
Entity
Mailing address
1168 BEACON AVE, MANAHAWKIN, NJ 08050-2592
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
$1,520,000
Bpi Manahawkin LLC
1168 Beacon LLC
Deed
$600,000 · Manasquan Bank
Jun 11, 2008
—
1168 Beacon LLC
—
Trustees Deed
related
$576,808 · Bank Of America
Jul 27, 2007
—
1168 Beacon LLC
1168 Beacon LLC
Quit Claim Deed
related
—
Mar 27, 2002
$94,470
1168 Beacon LLC
Epstein,samuel E
Grant Deed
—
Jan 10, 2000
$175,000
Samuel E Epstein
Gill,jeffrey J & Diane L
Grant Deed
$101,600 · 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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