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Property profile & analytics
OFF-MARKET
Commercial real estate
12 Central Ave Island Heights, NJ 08732-7715
Entity Owned
~
Est. High Equity
Property ID
US59-2214411
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
1,720 SF
Lot
0.05 ac (2,375 SF)
Zoning code
COMM
APN
11 00023-0000-00001- 01
UPID
US59-2214411
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
12 Central Ave LLC
12 Central Ave LLC
since 2025
Last sale
$820,000
6 recorded transactions
Zoning & alternative use
COMM · Island Heights, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intend to promote general commercial uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
15.18 ac
Source
Realmo
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 Island Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Island Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,078
Tax year 2022
Assessed value
$398,700
Assessed 2023
Previous assessed
$398,700
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$237,300
Assessed improvement
$161,400
Land market value
$237,300
Improvement market value
$161,400
Total market value
$398,700
Applied tax rate
11.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
3
Bathrooms
3
Total area
1,720 SF
Lot
0.05 ac (2,375 SF)
Zoning code
COMM
APN
11 00023-0000-00001- 01
UPID
US59-2214411
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
COMM · Island Heights, NJZoning COMM · permitted uses
COMM · Island Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intend to promote general commercial uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
15.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
3
Bathrooms
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
12 Central Ave LLC
Entity
Mailing address
PO BOX 220, ISLAND HEIGHTS, NJ 08732-0220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Nov 24, 2025
$820,000
12 Central Ave LLC
8 Central Avenue Associates LLC
Deed
$574,000 · Crosscountry Mortgage LLC
Sep 20, 2012
$177,500
8 Central Avenue Assocs LLC
Mcginty,james J & Geraldine B
Grant Deed
—
May 20, 2011
—
Boertmann,josephine Living Trust
Burcam Corp
Grant Deed
—
May 20, 2011
$370,000
James J Mcginty
Boertmann J Living Trust
Grant Deed
—
—
—
8 Central Avenue Assocs LLC
—
Deed Of Trust
related
$520,000 · Oceanfirst Bk
—
—
8 Central Ave Associates LLC
—
Deed Of Trust
related
$150,000 · Shore 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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