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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Commercial real estate
1467 Bay Ave Barnegat, NJ 08005-1255
Entity Owned
12-yr Hold
Free & Clear
Property ID
US59-1477625
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
7,500 SF
Lot
14.98 ac (652,529 SF)
Zoning code
PI
APN
01 00080-0000-00002- 06
UPID
US59-1477625
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
-
Ultra Equipment LLC Car Dealership
-
Purehearts Drug Detox New Jersey Health Counselor Addiction Treatment Center
-
TBS General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$765k
Owner & transaction history
Piney Properties LLC · 12 yrs held
Piney Properties LLC
since 2014
2 recorded transactions
Zoning & alternative use
PI · Barnegat, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
WAY. § 55-58 through § 55-60. (RESERVED) § 55-61 (RESERVED) § 55-62 SCHEDULE OF AREA, YARD AND BUILDING REQUIREMENTS. § 55-63 CLUSTER DEVELOPMENT. § 55-64 CULTURAL HOUSING. § 55-65 PAC - PLANNED ADULT COMMUNITY. § 55-66 PI - PLANNED INDUSTRIAL ZONE. § 55-67 through § 55-74. (RESERVED) § 55-75 REGULATION OF SEXUALLY ORIENTED BUSINESSES. § 55-75.1 Statutory Au…
Zone name
Planned Industrial
General category
INDUSTRIAL
Zone area
551.07 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 Barnegat submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Barnegat 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,210,000
Current use
INDUSTRIAL (GENERAL)
$1,195,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$102 / 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
$15,009
Tax year 2022
Assessed value
$532,800
Assessed 2023
Previous assessed
$532,800
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$148,800
Assessed improvement
$384,000
Land market value
$148,800
Improvement market value
$384,000
Total market value
$532,800
Applied tax rate
1.0000
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
Heating
NONE
Units
1
Total area
7,500 SF
Lot
14.98 ac (652,529 SF)
Zoning code
PI
APN
01 00080-0000-00002- 06
UPID
US59-1477625
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
PI · Barnegat, NJZoning PI · permitted uses
PI · Barnegat, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
WAY. § 55-58 through § 55-60. (RESERVED) § 55-61 (RESERVED) § 55-62 SCHEDULE OF AREA, YARD AND BUILDING REQUIREMENTS. § 55-63 CLUSTER DEVELOPMENT. § 55-64 CULTURAL HOUSING. § 55-65 PAC - PLANNED ADULT COMMUNITY. § 55-66 PI - PLANNED INDUSTRIAL ZONE. § 55-67 through § 55-74. (RESERVED) § 55-75 REGULATION OF SEXUALLY ORIENTED BUSINESSES. § 55-75.1 Statutory Authorization, Findings of Fact, Purposes and Objectives. § 55-75.2 Definitions. § 5
Zone name
Planned Industrial
General category
INDUSTRIAL
Zone area
551.07 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
Heating
NONE
Units
1
Lot
14.98 ac
Current owner
From public records · entity-resolved
Piney Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 636, FORKED RIVER, NJ 08731-0636
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2014
$725,000
Piney Properties LLC
Cavalier,nancy
Grant Deed
—
Dec 30, 1989
$85,000
Gerald Cavalier
Unknown
Grant Deed
—
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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