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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Commercial real estate
1505 Ocean Ave 17 Seaside Park, NJ 08752-1230
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US59-1705312
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
FRAME
Total area
12,718 SF
Lot
0.53 ac (23,000 SF)
Zoning code
H
APN
28 00073-0000-00034
UPID
US59-1705312
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
$2.26M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.27M
Owner & transaction history
Shree Jyoti LLC · 19 yrs held
Shree Jyoti LLC
since 2007
4 recorded transactions
Zoning & alternative use
H · Seaside Park, 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 Seaside Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside Park 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%
$2,450,000
6.5%
$2,260,000
7%
$2,100,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,660,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,605,000
Change: -1% · Conversion: Moderate
OFFICE BUILDING
$3,025,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$178 / 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
$41,802
Tax year 2022
Assessed value
$2,693,400
Assessed 2023
Previous assessed
$2,693,400
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,135,100
Assessed improvement
$1,558,300
Land market value
$1,135,100
Improvement market value
$1,558,300
Total market value
$2,693,400
Applied tax rate
28.0000
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
1960
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
12,718 SF
Lot
0.53 ac (23,000 SF)
Zoning code
H
APN
28 00073-0000-00034
UPID
US59-1705312
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
H · Seaside Park, NJZoning H · permitted uses
H · Seaside Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Shree Jyoti LLC
Entity
Mailing address
5 N BROWN CT, LIVINGSTON, NJ 07039-1521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2007
$3,200,000
Shree Jyoti LLC
Desert Palm Realty LLC
Deed
$2,400,000 · Commerce Bank NA
Apr 28, 2004
$2,200,000
Desert Palm Realty LLC
Happy Holiday Motel LLC
Grant Deed
$3,300,000 · Commerce Bank Shore NA
—
—
Shree Jyoti LLC
—
Loan Modification
related
$275,000 · Td Bank NA
—
—
Shree Jyoti LLC
—
Deed Of Trust
related
$2,400,000 · First Constitution Bk
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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