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Property profile & analytics
OFF-MARKET
Estimated value
$3,375,000
Commercial real estate
1360 Ocean Ave Lakewood, NJ 08701-4518
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1353207
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Construction
METAL FRAME
Total area
7,280 SF
Lot
1.52 ac (66,211 SF)
Zoning code
B4
APN
15 00669-0000-00006- 02
UPID
US59-1353207
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
-
Complete Equipment (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
1360 Ocean Avenue LLC · 2 yrs held
1360 Ocean Avenue 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
Method
Estimation
Statistic approach
$3,375,000
ML approach
$3,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,180,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,065,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±10% · vs last sale $3.38M (Jun 11 2024)
Last sale anchor
$3.38M
Jun 11 2024
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
$464 / 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
$28,176
Tax year 2022
Assessed value
$1,234,700
Assessed 2023
Previous assessed
$1,234,700
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$532,000
Assessed improvement
$702,700
Land market value
$532,000
Improvement market value
$702,700
Total market value
$1,234,700
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
1970
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
7,280 SF
Lot
1.52 ac (66,211 SF)
Zoning code
B4
APN
15 00669-0000-00006- 02
UPID
US59-1353207
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
1360 Ocean Avenue LLC
Entity
Mailing address
1360 OCEAN AVE, LAKEWOOD, NJ 08701-4518
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
1360 Ocean Avenue LLC
—
Deed
related
$2,150,000 · Provident Bank
Jun 11, 2024
$3,375,000
1360 Ocean Avenue LLC
American Classics Of Lakewood II Ll
Deed
—
Jul 29, 2020
—
American Classics Of Lakewood V L
—
Deed
related
$5,700,000 · First Constitution Bk
Jun 5, 2017
—
American Classics Of Lakewod II LLC
—
Deed
related
$1,250,000 · Shore Community Bank
Dec 30, 2011
$1,400,000
American Classics Of Lakewood II
Smith,malcolm D
Grant Deed
$1,260,000 · Malcolm D Smith
—
—
American Classics Of Lakewood II
—
Deed Of Trust
related
$1,210,000 · Cape Bank
—
—
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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