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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Hotels
17 Ocean Ave Ocean Grove, NJ 07756-1662
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0762777
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1872
Total area
9,347 SF
Lot
0.11 ac (4,920 SF)
Zoning code
HDTR
APN
35 00166-0000-00009
UPID
US59-0762777
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
-
Shawmont Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$725k
Owner & transaction history
Carlos Zua · 12 yrs held
Carlos Zua
since 2014
3 recorded transactions
Zoning & alternative use
HDTR · Ocean Grove, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$970,000
+81.7%
Restaurant
$950,000
+77.9%
Retail stores
$940,000
+76.5%
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 Ocean Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Grove 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
HOTEL/MOTEL
$535,000
Current use
COMMERCIAL (GENERAL)
$970,000
Change: +82% · Conversion: Difficult
RESTAURANT
$950,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$940,000
Change: +77% · Conversion: Difficult
WAREHOUSE, STORAGE
$855,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$78 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$47,343
Tax year 2023
Assessed value
$2,962,300
Assessed 2024
Previous assessed
$2,962,300
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,313,900
Assessed improvement
$1,648,400
Land market value
$1,313,900
Improvement market value
$1,648,400
Total market value
$2,962,300
Applied tax rate
35.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1872
Heating
NONE
Buildings
1
Stories
2
Total area
9,347 SF
Lot
0.11 ac (4,920 SF)
Zoning code
HDTR
APN
35 00166-0000-00009
UPID
US59-0762777
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HDTR · Ocean Grove, NJZoning HDTR · permitted uses
HDTR · Ocean Grove, 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
HOTEL/MOTEL Current
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$970,000
RESTAURANT
Est. value
$950,000
RETAIL STORES
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$855,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
1872
Heating
NONE
Stories
2
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Carlos Zua
Individual
Mailing address
736 THOMAS PL, WYCKOFF, NJ 07481-1059
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2014
$275,000
Carlos Zua
Demola,william V JR
Grant Deed
$270,019 · Corridor Mortgage Group INC
Feb 26, 2004
—
Demola,william V JR
Demola,william V
Quit Claim Deed
related
—
—
—
William V Demola JR.
—
Deed Of Trust
related
$80,000 · Fleet National Bank
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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