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Property profile & analytics
FOR SALE
Commercial real estate
175 Locust Ave, West Long Branch, NJ 07764
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2300088
For Sale
1 / 8
$450,000
175 Locust Ave, West Long Branch, NJ 07764
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1959
Construction
FRAME
Total area
45,709 SF
Lot
4.06 ac (176,854 SF)
Zoning code
NC
APN
53 00019-0000-00057
UPID
US59-2300088
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
-
Brazilian Gym Gym & Fitness Center
-
Eagles FC Sports School Sports Field & Court
-
Western Union Bank Credit Union
-
Master Kum Sung Martial Arts Training Center Sports School
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.34M
Blend (final)
Blend
$6.18M
Owner & transaction history
175 Locust LLC · 4 yrs held
175 Locust LLC
since 2022
Last sale
$6.2M
3 recorded transactions
Zoning & alternative use
NC · West Long Branch, 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 West Long Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$6,450,000
ML approach
$5,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.18M
Range $5.56M – $6.80M · ±10% · vs last sale $6.15M (Feb 7 2022)
Last sale anchor
$6.15M
Feb 7 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
$135 / 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
$105,010
Tax year 2022
Assessed value
$5,544,800
Assessed 2023
Previous assessed
$5,544,800
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,553,000
Assessed improvement
$3,991,800
Land market value
$1,553,000
Improvement market value
$3,991,800
Total market value
$5,544,800
Applied tax rate
53.0000
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
For Sale
Year built
1959
Construction
FRAME
Heating
NONE
Buildings
1
Total area
45,709 SF
Lot
4.06 ac (176,854 SF)
Zoning code
NC
APN
53 00019-0000-00057
UPID
US59-2300088
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
NC · West Long Branch, NJ
Zoning NC · permitted uses
NC · West Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Long Branch. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
FRAME
Heating
NONE
Buildings
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
175 Locust LLC
Entity
Mailing address
175 LOCUST AVE, WEST LONG BRANCH, NJ 07764-1102
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
$6,150,000
175 Locust LLC
West Long Branch Shopping Center In
Deed
$4,305,000 · William Penn Bank Fsb
Jun 13, 2017
—
Wall St 205 LLC
West Long Br Shopping Center
Grant Deed
related
—
Mar 28, 2017
—
West Long Br Shopping Center I
—
Loan Modification
related
$1,736,469 · Other Institutional Lenders
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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