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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Residential income homes
175 Chelsea Ave Long Branch, NJ 07740-6747
Entity Owned
6-yr Hold
Property ID
US59-2013224
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Total area
7,041 SF
Lot
0.85 ac (37,240 SF)
Zoning code
R-4
APN
27 00278-0000-00002
UPID
US59-2013224
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
$1.55M
Blend (final)
Blend
$1.11M
Owner & transaction history
175 Chelsea Long Branch LLC · 6 yrs held
175 Chelsea Long Branch LLC
since 2020
2 recorded transactions
Zoning & alternative use
R-4 · Long Branch, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
One-family homes in accordance with the regulations of the R-4 District regulations. (2) Home professional offices. (3) Professional offices. (4) Home occupation. (5) Funeral home. (6) Municipal buildings, parks and playgrounds. (7) Temporary buildings for uses incidental to construction work, provided that such buildings are removed upon completion and aban…
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
723.65 ac
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 Long Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Branch 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
OFFICE BUILDING
$1,735,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,685,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$158 / 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
$18,452
Tax year 2022
Assessed value
$1,236,600
Assessed 2023
Previous assessed
$1,236,600
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$144,000
Assessed improvement
$1,092,600
Land market value
$144,000
Improvement market value
$1,092,600
Total market value
$1,236,600
Applied tax rate
27.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Heating
HOT WATER
Buildings
1
Stories
3
Units
3
Total area
7,041 SF
Lot
0.85 ac (37,240 SF)
Zoning code
R-4
APN
27 00278-0000-00002
UPID
US59-2013224
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Long Branch, NJZoning R-4 · permitted uses
R-4 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
One-family homes in accordance with the regulations of the R-4 District regulations. (2) Home professional offices. (3) Professional offices. (4) Home occupation. (5) Funeral home. (6) Municipal buildings, parks and playgrounds. (7) Temporary buildings for uses incidental to construction work, provided that such buildings are removed upon completion and abandonment of the construction work. B. Permitted accessory uses. Permitted accessory uses shall be as specified in the C-1 Commercial District, § 345-30B . C. Area and bulk requirements. Area and bulk requirements shall be as specified in § 345-7 . [1] [1]
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
723.65 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1900
Heating
HOT WATER
Stories
3
Buildings
1
Units
3
Lot
0.85 ac
Current owner
From public records · entity-resolved
175 Chelsea Long Branch LLC
Entity
Mailing address
80 RIV ST STE 2C, HOBOKEN, NJ 07030-5619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2020
$1,500,000
175 Chelsea Long Branch LLC
175 Chelsea Avenue INC
Grant Deed
related
$1,000,000 · 175 Chelsea Avenue INC
—
—
175 Chelsea Long Branch LLC
—
Deed Of Trust
related
$1,000,000 · First 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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