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Property profile & analytics
OFF-MARKET
Commercial real estate
131 Laurel Ave Island Heights, NJ 08732-7919
Entity Owned
25-yr Hold
Free & Clear
Property ID
US59-1145483
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
3,705 SF
Lot
0.2 ac (8,500 SF)
Zoning code
COMM
APN
11 00038- 01-00024- 09
UPID
US59-1145483
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
by Request
Owner & transaction history
W J R Associates LLC · 25 yrs held
W J R Associates LLC
since 2000
3 recorded transactions
Zoning & alternative use
COMM · Island Heights, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intend to promote general commercial uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
15.18 ac
Source
Realmo
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 Island Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Island Heights 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,558
Tax year 2023
Assessed value
$365,100
Assessed 2024
Previous assessed
$365,100
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$159,000
Assessed improvement
$206,100
Land market value
$159,000
Improvement market value
$206,100
Total market value
$365,100
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Units
1
Total area
3,705 SF
Lot
0.2 ac (8,500 SF)
Zoning code
COMM
APN
11 00038- 01-00024- 09
UPID
US59-1145483
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
COMM · Island Heights, NJZoning COMM · permitted uses
COMM · Island Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intend to promote general commercial uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
15.18 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
W J R Associates LLC
Entity
Free & Clear · 25 yrs held
Mailing address
PO BOX 1389, ISLAND HEIGHTS, NJ 08732-1389
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2000
$62,500
W J R Associates LLC
Dockum,robert R
Grant Deed
—
Jan 18, 1993
$40,000
Robert R Dockum
Unknown
Grant Deed
—
—
—
Wjr Associates LLC
—
Deed Of Trust
related
$200,000 · Commerce Bank Shore NA
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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