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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Residential income homes
1251-1253 Washington Ave 1253 Asbury Park, NJ 07712-6379
Entity Owned
14-yr Hold
Property ID
US59-1132163
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1967
Total area
10,080 SF
Lot
0.19 ac (8,100 SF)
Zoning code
WARS
APN
04 01301-0000-00029
UPID
US59-1132163
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
$1.44M
Owner & transaction history
Washington Avenue Residl LLC · 14 yrs held
Washington Avenue Residl LLC
since 2012
6 recorded transactions
Zoning & alternative use
WARS · Asbury Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Asbury Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asbury Park 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
$142 / 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
$10,203
Tax year 2022
Assessed value
$839,000
Assessed 2023
Previous assessed
$839,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$160,000
Assessed improvement
$679,000
Land market value
$160,000
Improvement market value
$679,000
Total market value
$839,000
Applied tax rate
4.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1967
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
10,080 SF
Lot
0.19 ac (8,100 SF)
Zoning code
WARS
APN
04 01301-0000-00029
UPID
US59-1132163
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
WARS · Asbury Park, NJ
Zoning WARS · permitted uses
WARS · Asbury Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asbury Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Washington Avenue Residl LLC
Entity
Mailing address
PO BOX 719, ASBURY PARK, NJ 07712-0719
Ownership since
2012
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
May 3, 2012
$560,000
Washington Avenue Residl LLC
Lsref2 Clipper III LLC
Grant Deed
$336,000 · Equity One Sbc
Jul 5, 2011
—
Fargo Bk NA Wells
Lsref2 Clipper III LLC
Grant Deed
related
—
Jun 14, 2011
$3,000
Lsref2 Clipper III LLC
Sheriff Of Monmouth County
Trustees Deed
related
—
Nov 18, 2005
$1,730,000
1239 Washington Avenue LLC
Iadevaia Properties LLC
Grant Deed
$1,211,000 · Washington Mutual Fsb
Feb 12, 2005
$1,650,000
Iadevaia Properties LLC
Washington Partners LLC
Grant Deed
$1,265,000 · Norcrown Bank
—
—
Washington Avenue Residl LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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