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    Property profile & analytics

    1600 Ave Of Memories Ave Oceanport, NJ 07757-1264

    • Commercial real estate
    • 32,907 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 08, 2021
    Location Intelligence
    Property ID
    US59-2573812
    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

    • Commercial real estate

    Property Details for 1600 Ave Of Memories Ave

    Property size
    32,907 SF
    Property type
    Commercial real estate
    APN
    38 00110- 06-00001
    APU
    38001100600001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oceanport
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0178
    Latitude
    40.3166
    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
    $94,392
    $460,100
    $4,754,400
    $5,214,500
    -
    $460,100
    $4,754,400
    $5,214,500

    Comparable in this City

    • Value Estimation by Request
      1,050 SF

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      Oceanport Ave, Oceanport, NJ 07757
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      $405,000
      1,260 SF

      6 Main St

      COMMERCIAL (GENERAL) • 1,260 SF
      6 Main St, Oceanport, NJ 07757-1188
      View Details
    • Value Estimation
      $375,000
      1,848 SF

      284 Main St

      COMMERCIAL (GENERAL) • 1,848 SF
      284 Main St, Oceanport, NJ 07757-2112
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      2,992 SF

      179 Main St

      COMMERCIAL (GENERAL) • 2,992 SF
      179 Main St, Oceanport, NJ 07757-1238
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      2,332 SF

      495 Oceanport Ave

      COMMERCIAL (GENERAL) • 2,332 SF
      495 Oceanport Ave, Oceanport, NJ 07757-1235
      View Details
    • Value Estimation by Request
      11,496 SF

      552 Malterer Ave

      COMMERCIAL (GENERAL) • 11,496 SF
      552 Malterer Ave, Oceanport, NJ 07757
      View Details

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    1600 Ave Of Memories Ave
    Oceanport, NJ 07757-1264
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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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