Property profile

1206 Ocean Ave Lakewood, NJ 08701

OFF-MARKET
Commercial real estate
Property ID
US59-1124241
15,185 SF 5.64 ac lot Built 1950
Entity Owned 25-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 15,185 SF
Lot 5.64 ac (245,678 SF)
Zoning code B4
APN 15 00569-0000-00035
UPID US59-1124241

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Car Dealership

Location

1206 Ocean Ave Lakewood, NJ 08701-4516
Lakewood metro Census 715001 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.70M
Comparable Approach Comparable
$2.31M
Blend (final) Blend
$2.73M

Owner & transaction history

since 2001
7 recorded transactions
2020
Price N/A
2016
Price N/A
2016
Price N/A
2016
Price N/A
2010
Price N/A
2001
$1.9M
1969
Price N/A

Zoning & alternative use

B4 · Lakewood, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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