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Property profile & analytics
OFF-MARKET
Commercial real estate
1300 Ocean Ave Lakewood, NJ 08701-4564
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1376926
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
4,700 SF
Lot
0.46 ac (20,200 SF)
Zoning code
B4
APN
15 00669-0000-00004
UPID
US59-1376926
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
-
NJ AUTO DEPOT Car Dealership
-
Emergency Dental Service Dental Office
-
T & A Luxury Autos LLC Car Dealership
-
JBL Auto Group Car Dealership
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
Ocean Ave Realty LLC · 2 yrs held
Ocean Ave Realty LLC
since 2024
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
B4 · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$23,057
Tax year 2022
Assessed value
$1,010,400
Assessed 2023
Previous assessed
$1,010,400
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$161,000
Assessed improvement
$849,400
Land market value
$161,000
Improvement market value
$849,400
Total market value
$1,010,400
Applied tax rate
15.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Units
1
Total area
4,700 SF
Lot
0.46 ac (20,200 SF)
Zoning code
B4
APN
15 00669-0000-00004
UPID
US59-1376926
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B4 · Lakewood, NJZoning B4 · permitted uses
B4 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Ocean Ave Realty LLC
Entity
Mailing address
1320 PO BOX 1895TH AVE, BRICK, NJ 08723-1070
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
$3,400,000
Ocean Ave Realty LLC
American Classics Of Lakewood LLC
Deed
$2,550,000 · Manasquan Bank
Sep 23, 2022
—
American Classics Of Lakewood LLC
—
Deed
related
$5,500,000 · Unity Bank
Sep 7, 2022
—
Unity Bank
American Classics Of Lakewood Vi Ll
Assignment Of Lease (leasehold Sale)
—
Jul 29, 2020
—
American Classics Of Lakewood V L
—
Deed
related
$5,700,000 · First Constitution Bk
Oct 4, 2016
—
American Classics Of Lakewood LLC
—
Deed
related
$1,300,000 · Shore Cmnty Bk
Jun 9, 2016
—
American Classics Of Lakewood LLC
—
Deed
related
$555,382 · Cape Bk
Jul 18, 2011
$1,300,000
American Classics Of Lakewood LLC
Smith,malcolm D
Grant Deed
$1,725,000 · Two River Community Bank
—
—
American Classics Realty INC
—
Deed Of Trust
related
$3,385,000 · Cape Bank
—
—
American Classics Realty INC
—
Loan Modification
related
$3,056,863 · Cape Bk
—
—
American Classics Of Lakewood LLC
—
Loan Modification
related
$555,382 · Cape Bk
—
—
American Classics Of Lakewood LLC
—
Deed Of Trust
related
$1,300,000 · Shore Cmnty Bk
—
—
American Classics Of Lakewood V L
—
Deed Of Trust
related
$5,700,000 · First Constitution 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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