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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Commercial real estate
1300 Ocean Ave Sea Bright, NJ 07760-2224
Entity Owned
6-yr Hold
Free & Clear
Property ID
US59-1500573
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Construction
CONCRETE BLOCKS
Total area
3,600 SF
Lot
1.07 ac (46,725 SF)
Zoning code
B-2
APN
42 00003-0000-00017
UPID
US59-1500573
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
$2.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$2.23M
Owner & transaction history
Edgewater Marina LLC · 6 yrs held
Edgewater Marina LLC
since 2020
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
B-2 · Sea Bright, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B-2 Zone: specific intent and purposes. The B-2 Riverfront Business Zone is designed to provide for the development of properties for uses oriented to river activities, especially those uses which cater to the needs and convenience of boating or to the enjoyment of the river views and vistas by others. This may include certain forms of residential uses where…
Zone name
Riverfront Business
General category
COMMERCIAL
Zone area
26.12 ac
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 Sea Bright submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sea Bright 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
$2,225,000
ML approach
$2,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $1.80M (May 11 2020)
Last sale anchor
$1.80M
May 11 2020
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
$618 / 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
$20,298
Tax year 2022
Assessed value
$1,806,300
Assessed 2023
Previous assessed
$1,806,300
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,331,400
Assessed improvement
$474,900
Land market value
$1,331,400
Improvement market value
$474,900
Total market value
$1,806,300
Applied tax rate
42.0000
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
2001
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
2
Total area
3,600 SF
Lot
1.07 ac (46,725 SF)
Zoning code
B-2
APN
42 00003-0000-00017
UPID
US59-1500573
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Sea Bright, NJZoning B-2 · permitted uses
B-2 · Sea Bright, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B-2 Zone: specific intent and purposes. The B-2 Riverfront Business Zone is designed to provide for the development of properties for uses oriented to river activities, especially those uses which cater to the needs and convenience of boating or to the enjoyment of the river views and vistas by others. This may include certain forms of residential uses where conflict with business uses can be avoided or appropriately minimized, together with marinas and restaurants.
Zone name
Riverfront Business
General category
COMMERCIAL
Zone area
26.12 ac
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Buildings
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Edgewater Marina LLC
Entity
Free & Clear · 6 yrs held
Mailing address
620 TINTON AVE, TINTON FALLS, NJ 07724-3260
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2020
$1,800,000
Edgewater Marina LLC
Anglers Boat Landing
Grant Deed
—
May 10, 2016
—
New Jersey State Dept Of Ep
Anglers Boat Landing
Grant Deed
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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