Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Commercial real estate
1465 Ocean Ave Sea Bright, NJ 07760-2225
Entity Owned
12-yr Hold
Free & Clear
Property ID
US59-1425570
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
32,258 SF
Lot
5.05 ac (220,160 SF)
Zoning code
B-3
APN
42 00004-0000-00006
UPID
US59-1425570
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$4.53M
Owner & transaction history
Edgewater Beach INC · 12 yrs held
Edgewater Beach INC
since 2014
1 recorded transaction
Zoning & alternative use
B-3 · Sea Bright, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B-3 Zone: specific intent and purposes. The B-3 Oceanfront Business Zone is designed to provide for the use and development of properties for uses oriented to ocean beach activities, especially swimming and sunning. However, the Council recognizes the threat to security of this zone and the frequency of flooding and damages to this area as a result of sea wa…
Zone name
Oceanfront Business
General category
COMMERCIAL
Zone area
48.37 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10%
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
$140 / 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
$103,068
Tax year 2022
Assessed value
$9,121,100
Assessed 2023
Previous assessed
$9,121,100
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$6,240,000
Assessed improvement
$2,881,100
Land market value
$6,240,000
Improvement market value
$2,881,100
Total market value
$9,121,100
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
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
32,258 SF
Lot
5.05 ac (220,160 SF)
Zoning code
B-3
APN
42 00004-0000-00006
UPID
US59-1425570
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Sea Bright, NJZoning B-3 · permitted uses
B-3 · Sea Bright, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B-3 Zone: specific intent and purposes. The B-3 Oceanfront Business Zone is designed to provide for the use and development of properties for uses oriented to ocean beach activities, especially swimming and sunning. However, the Council recognizes the threat to security of this zone and the frequency of flooding and damages to this area as a result of sea water. Therefore, with due regard to the safety of persons and structures thereon, no building whatsoever shall be erected between the sea wall and the Atlantic Ocean in the B-3 Zone for any purpose. CP Zone: Specific intent and purposes. The CP Coastal Protection Zone is a special zone covering a very narrow strip of land between Ocean Avenue and the Atlantic Ocean, shown on the Zoning Map. The purpose of this zone is to recognize the threat to security and frequency of flooding and damage to this area as a result of sea water. It is designed to provide the highest and best use of said land with due regard for safety of persons and structures thereon.
Zone name
Oceanfront Business
General category
COMMERCIAL
Zone area
48.37 ac
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
5.05 ac
Current owner
From public records · entity-resolved
Edgewater Beach INC
Entity
Free & Clear · 12 yrs held
Mailing address
620 TINTON AVE200B, TINTON FALLS, NJ 07724-3260
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2014
—
Edgewater Beach INC
Edgewater Beach INC
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1465 Ocean Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
