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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Bars & Pubs
119-121 Brighton Ave 121 Long Branch, NJ 07740-5300
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1707422
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1920
Construction
BRICK
Total area
3,639 SF
Lot
0.34 ac (14,800 SF)
Zoning code
C-3
APN
27 00123-0000-00006
UPID
US59-1707422
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
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
127 Brighton LLC · 4 yrs held
127 Brighton LLC
since 2022
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
C-3 · Long Branch, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-3 Neighborhood Commercial District. § 345-32.1 West End Design Overlay (WEDO) District regulations. § 345-33
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
22.71 ac
Top alternative use upside
Office building
$710,000
+92.5%
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 Long Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Branch 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
$1,205,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$710,000
Change: +92% · Conversion: Moderate
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.15M (Jun 13 2022)
Last sale anchor
$1.15M
Jun 13 2022
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
$319 / 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
$14,860
Tax year 2022
Assessed value
$946,100
Assessed 2023
Previous assessed
$946,100
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$632,400
Assessed improvement
$313,700
Land market value
$632,400
Improvement market value
$313,700
Total market value
$946,100
Applied tax rate
27.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
FORCED AIR
Buildings
1
Units
1
Total area
3,639 SF
Lot
0.34 ac (14,800 SF)
Zoning code
C-3
APN
27 00123-0000-00006
UPID
US59-1707422
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Long Branch, NJZoning C-3 · permitted uses
C-3 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-3 Neighborhood Commercial District. § 345-32.1 West End Design Overlay (WEDO) District regulations. § 345-33
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
22.71 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$710,000
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
1920
Construction
BRICK
Heating
FORCED AIR
Buildings
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
127 Brighton LLC
Entity
Free & Clear · 4 yrs held
Mailing address
931 OCEAN AVE, SEA BRIGHT, NJ 07760-2120
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
$1,150,000
127 Brighton LLC
Orsara LLC
Deed
—
Sep 25, 2006
$750,000
Orsara LLC
121 Brighton Avenue INC
Grant Deed
$450,000 · 121 Brighton Avenue INC
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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