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    Property profile & analytics

    1501 Bayview Ave Barnegat Light, NJ 08006-1574

    • Commercial real estate
    • 2.45 lot acres
    OFF-MARKET
    Value Estimation
    $2,625,000
    Last Sale
    Nov 24, 2021
    $2,250,000
    Location Intelligence
    Property ID
    US59-1551876
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bayview Harbor South / Marina / Boat Repair Shop
    • Lady Grace Yacht Charters / Boat Tour Agency / Vacation Home Rental Agency

    Property Details for 1501 Bayview Ave

    Lot size
    2.45 lot acres
    Zone code
    M-C
    Property type
    Commercial real estate
    APN
    02 00030- 01-00001
    APU
    2000300100001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,685,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,260,000
      6.5%
      $2,320,000
      7%
      $2,345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,530,000
      Geo Method
      $2,600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,950,000
      Retail
      $2,055,000
      Mixed-Use
      $1,915,000
      Hospitality
      $2,080,000
      Educational
      $2,520,000
      Residential Income
      $2,070,000
      Energy
      $2,115,000
      Income-Based Land
      $2,530,000
      Food Service
      $1,890,000

    Location Insight

    • Map
    • Local Demand
    City
    Barnegat Light
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.1127
    Latitude
    39.7527
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,890
    $1,250,000
    $671,400
    $1,921,400
    -
    $1,250,000
    $671,400
    $1,921,400

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      202-204 Broadway

      COMMERCIAL (GENERAL) • 0.29 Acres
      202-204 Broadway, Barnegat Light, NJ 08006
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    • Value Estimation by Request
      0.43 Acres

      1505 Central Ave

      COMMERCIAL (GENERAL) • 0.43 Acres
      1505 Central Ave, Barnegat Light, NJ 08006
      View Details
    • Value Estimation
      $345,000
      3,256 SF

      506 Broadway

      COMMERCIAL (GENERAL) • 3,256 SF
      506 Broadway, Barnegat Light, NJ 08006-1586
      View Details
    • Value Estimation by Request
      1.61 Acres

      19 6th St

      COMMERCIAL (GENERAL) • 1.61 Acres
      19 6th St, Barnegat Light, NJ 08006
      View Details
    • Value Estimation by Request
      0.50 Acres

      706 Bayview Ave

      COMMERCIAL (GENERAL) • 0.50 Acres
      706 Bayview Ave, Barnegat Light, NJ 08006-1614
      View Details
    • Value Estimation
      $1,940,000
      0.76 Acres

      1301 Bayview Ave

      COMMERCIAL (GENERAL) • 0.76 Acres
      1301 Bayview Ave, Barnegat Light, NJ 08006-1596
      View Details

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      Rare duplex near the ocean, potential for single-family conversion.
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    Barnegat Light, NJ 08006-1574
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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