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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Commercial real estate
1711 New Bedford Rd Wall Township, NJ 07719-3861
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0513404
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
2,280 SF
Lot
0.52 ac (22,500 SF)
Zoning code
R-30
APN
52 00267-0000-00014
UPID
US59-0513404
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
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Sea Girt Garage LLC · 4 yrs held
Sea Girt Garage LLC
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
R-30 · Wall Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is intended for single-family residential dwellings with a strong allowance for various agricultural activities, home professional offices, and specific educational, health, and personal services.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
1,367.45 ac
Source
Realmo
Top alternative use upside
Office building
$725,000
+7.8%
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 Wall Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wall Township 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
$1,155,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$725,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10% · vs last sale $1.10M (Jul 21 2022)
Last sale anchor
$1.10M
Jul 21 2022
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
$491 / 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
$5,379
Tax year 2022
Assessed value
$265,500
Assessed 2023
Previous assessed
$265,500
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$132,400
Assessed improvement
$133,100
Land market value
$132,400
Improvement market value
$133,100
Total market value
$265,500
Applied tax rate
52.0000
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
2003
Heating
NONE
Buildings
1
Units
1
Total area
2,280 SF
Lot
0.52 ac (22,500 SF)
Zoning code
R-30
APN
52 00267-0000-00014
UPID
US59-0513404
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-30 · Wall Township, NJZoning R-30 · permitted uses
R-30 · Wall Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is intended for single-family residential dwellings with a strong allowance for various agricultural activities, home professional offices, and specific educational, health, and personal services.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
1,367.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$725,000
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
2003
Heating
NONE
Buildings
1
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Sea Girt Garage LLC
Entity
Mailing address
3300 S DIXIE HWY STE #1, WEST PALM BEACH, FL 33405-1987
Ownership since
2022
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
Jul 21, 2022
$1,100,000
Sea Girt Garage LLC
New Bedford LLC
Deed
—
Apr 17, 2017
—
Jost Garage INC
—
Deed
related
$450,000 · Manasquan Bk
Dec 9, 2005
$1
New Bedford LLC
Jost,robert E
Grant Deed
related
—
—
—
Jost Garage INC
—
Deed Of Trust
related
$450,000 · Manasquan 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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