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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Turn key restaurants
1202 Sycamore Ave Tinton Falls, NJ 07724-3209
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1188223
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1966
Total area
7,906 SF
Lot
0.28 ac (12,306 SF)
Zoning code
NC
APN
49 00070- 02-00028
UPID
US59-1188223
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
-
Woody's Ocean Grille Tinton Falls Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
Jar 1 LLC · 1 yrs held
Jar 1 LLC
since 2025
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
NC · Tinton Falls, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
dustrial Office Park Zone. Ord. No. 2016-1404: The Zoning Map of the Borough of Tinton Falls is hereby supplemented and amended to reflect the rezoning of Block 120, Lot 21.01 from the IOP- Industrial Office Park to the NC- Neighborhood Commercial Zone. Ord. No. 2020-1464: The Zoning Map of the Borough of Tinton Falls is hereby supplemented and amended to re…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
109.34 ac
Source
Tinton Falls, NJ - Zoning
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 Tinton Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tinton Falls 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
$2,400,000
ML approach
$2,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10% · vs last sale $2.48M (Mar 14 2025)
Last sale anchor
$2.48M
Mar 14 2025
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
$314 / 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
$23,988
Tax year 2022
Assessed value
$1,489,000
Assessed 2023
Previous assessed
$1,489,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$555,000
Assessed improvement
$934,000
Land market value
$555,000
Improvement market value
$934,000
Total market value
$1,489,000
Applied tax rate
49.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1966
Heating
NONE
Buildings
1
Total area
7,906 SF
Lot
0.28 ac (12,306 SF)
Zoning code
NC
APN
49 00070- 02-00028
UPID
US59-1188223
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
NC · Tinton Falls, NJZoning NC · permitted uses
NC · Tinton Falls, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
dustrial Office Park Zone. Ord. No. 2016-1404: The Zoning Map of the Borough of Tinton Falls is hereby supplemented and amended to reflect the rezoning of Block 120, Lot 21.01 from the IOP- Industrial Office Park to the NC- Neighborhood Commercial Zone. Ord. No. 2020-1464: The Zoning Map of the Borough of Tinton Falls is hereby supplemented and amended to reflect the rezoning of the following properties from the Neighborhood Commercial (N
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
109.34 ac
Source
Tinton Falls, NJ - Zoning
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Buildings
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Jar 1 LLC
Entity
Mailing address
1202 SYCAMORE AVE, TINTON FALLS, NJ 07724-3209
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
$2,475,000
Jar 1 LLC
Woodys Tf Properties LLC
Deed
$1,840,000 · John Dilco
Jul 11, 2007
—
Charlie Browns Of Tinton Falls I
—
Deed Of Trust
related
$86,000,000 · Ableco Fin
—
—
Tamas Chemez
—
Deed Of Trust
related
$19,660 · Laslo Z Stamus
—
—
Tinton Falls Realty LLC
—
Deed Of Trust
related
$990,000 · Unity 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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