Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,275,000
Commercial real estate
1501 Rte 37th W Toms River, NJ 08755-4938
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US59-0697259
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Construction
METAL FRAME
Total area
60,070 SF
Lot
3.62 ac (157,687 SF)
Zoning code
I
APN
08 00504-0000-00005
UPID
US59-0697259
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.28M
Owner & transaction history
Brk LLC · 14 yrs held
Brk LLC
since 2012
6 recorded transactions
Zoning & alternative use
I · Toms River, 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 Toms River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toms River 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$121 / 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
$120,909
Tax year 2022
Assessed value
$7,244,400
Assessed 2023
Previous assessed
$7,244,400
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$2,172,000
Assessed improvement
$5,072,400
Land market value
$2,172,000
Improvement market value
$5,072,400
Total market value
$7,244,400
Applied tax rate
8.0000
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
2005
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
60,070 SF
Lot
3.62 ac (157,687 SF)
Zoning code
I
APN
08 00504-0000-00005
UPID
US59-0697259
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Toms River, NJ
Zoning I · permitted uses
I · Toms River, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toms River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
3.62 ac
Current owner
From public records · entity-resolved
Brk LLC
Entity
Mailing address
PO BOX 908, TOMS RIVER, NJ 08754-0908
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Jun 30, 2022
—
Brk LLC
—
Deed
related
$62,000,000 · M & T Bank
May 12, 2017
—
Brk LLC
—
Deed
related
$2,506,229 · Jp Morgan Chase Bank
Feb 22, 2012
$3,000,000
Brk LLC
Steigerwald LLC
Grant Deed
$3,000,000 · Hyundai Capital America
May 16, 2008
—
Steigerwald LLC
Steigerwald LLC
Quit Claim Deed
related
$2,000,000 · Oceanfirst Bank
—
—
Steigerwald LLC
—
Deed Of Trust
related
$700,000 · Oceanfirst Bank
—
—
Steigerwald LLC
—
Deed Of Trust
related
$1,700,000 · Wachovia Bank NA
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 1501 Rte 37th W?
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.
