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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Commercial real estate
14 Central Ave Island Heights, NJ 08732-7715
Individually Owned
4-yr Hold
Free & Clear
Property ID
US59-0446737
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1880
Construction
FRAME
Total area
3,329 SF
Lot
0.14 ac (5,938 SF)
Zoning code
COMM
APN
11 00022-0000-00004
UPID
US59-0446737
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
-
Kukfa Kenneth Law Firm
-
Due-Back Cafe & Coffee Shop
-
Mary Delia Luxury Group KWPP Real Estate Agency
-
Nikole DiPietro Realtor - Keller Williams Preferred Properties Real Estate Agency
-
Tom Ruddy CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.10M
Owner & transaction history
Michele Ruddy · 4 yrs held
Michele Ruddy
since 2021
Last sale
$988,800
6 recorded transactions
Zoning & alternative use
COMM · Island Heights, 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 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
Method
Estimation
Statistic approach
$1,180,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$960,000
Current use
OFFICE BUILDING
$790,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $989k (Aug 24 2021)
Last sale anchor
$989k
Aug 24 2021
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
$329 / 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
$16,895
Tax year 2022
Assessed value
$833,900
Assessed 2023
Previous assessed
$833,900
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$280,900
Assessed improvement
$553,000
Land market value
$280,900
Improvement market value
$553,000
Total market value
$833,900
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
Year built
1880
Construction
FRAME
Heating
FORCED AIR
Stories
3
Units
1
Bathrooms
4
Total area
3,329 SF
Lot
0.14 ac (5,938 SF)
Zoning code
COMM
APN
11 00022-0000-00004
UPID
US59-0446737
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
COMM · Island Heights, NJ
Zoning 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
Island Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$960,000
OFFICE BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1880
Construction
FRAME
Heating
FORCED AIR
Stories
3
Units
1
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Michele Ruddy
Individual
Free & Clear · 4 yrs held
Mailing address
293 RIVERS EDGE LN, TOMS RIVER, NJ 08755-1184
Ownership since
2021
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
Aug 24, 2021
$988,800
Michele Ruddy
14 Central Ave Heights LLC
Deed
—
Jan 7, 2021
$300,000
14 Central Ave Heights LLC
14 Central LLC
Grant Deed
—
Jun 1, 2016
$96,000
14 Central Avenue LLC
Kukfa,kara E
Grant Deed
—
Jul 28, 2011
—
Kara E Kukfa
Kukfa,kenneth M
Quit Claim Deed
related
—
May 15, 2007
—
Kenneth M Kukfa
Kenneth M Kukfa
Intrafamily Transfer
related
$250,000 · Hopewell Valley Community Bank
—
—
Kenneth M Kukfa
—
Deed Of Trust
related
$183,000 · Hopewell Valley Community Bank
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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