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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Commercial real estate
1813 Rte 37th E Toms River, NJ 08753
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0872124
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Construction
CONCRETE BLOCKS
Total area
5,040 SF
Lot
0.58 ac (25,134 SF)
Zoning code
HB
APN
08 00797-0000-00007
UPID
US59-0872124
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
$830k
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$815k
Owner & transaction history
Edgaranita LLC · 6 yrs held
Edgaranita LLC
since 2020
Last sale
$690,000
2 recorded transactions
Zoning & alternative use
HB · Toms River, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Corridor landscape design standards. These standards apply to all properties fronting on N.J. Route 9, N.J. Route 37 and N.J. Route 70 and located in the Highway Business (HB), Rural Highway Business (RHB), Industrial (I) and Light Industrical (LI) Zoning Districts. They shall apply specifically to the area within 50 feet of the highway right-of-way line. Al…
Zone name
Highway Business Zone
General category
COMMERCIAL
Zone area
1,215.85 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 Toms River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toms River 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
$815,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,290,000
Current use
OFFICE BUILDING
$1,200,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $690k (Jan 9 2020)
Last sale anchor
$690k
Jan 9 2020
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
$162 / 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
$12,618
Tax year 2022
Assessed value
$756,000
Assessed 2023
Previous assessed
$756,000
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$348,000
Assessed improvement
$408,000
Land market value
$348,000
Improvement market value
$408,000
Total market value
$756,000
Applied tax rate
8.0000
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
1984
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
5,040 SF
Lot
0.58 ac (25,134 SF)
Zoning code
HB
APN
08 00797-0000-00007
UPID
US59-0872124
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HB · Toms River, NJZoning HB · permitted uses
HB · Toms River, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Corridor landscape design standards. These standards apply to all properties fronting on N.J. Route 9, N.J. Route 37 and N.J. Route 70 and located in the Highway Business (HB), Rural Highway Business (RHB), Industrial (I) and Light Industrical (LI) Zoning Districts. They shall apply specifically to the area within 50 feet of the highway right-of-way line. All subdivision and site plan applications involving such properties shall provide a landscape plan that demonstrates compliance with these standards. If unique site-specific circumstances such as wetlands, existing vegetation, or unusual lot configuration preclude the installation of any of the prescribed landscaping elements, the applicant shall provide an alternative plan that incorporates as many elements as is feasible. (1) General corridor plan. Diagrams 1 and 2 depict the overall design concept to be achieved along the corridors. (2)
Zone name
Highway Business Zone
General category
COMMERCIAL
Zone area
1,215.85 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
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
1984
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Edgaranita LLC
Entity
Mailing address
1820 CHURCH RD, TOMS RIVER, NJ 08753-1407
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
Jan 9, 2020
$690,000
Edgaranita LLC
1815 1819 Route 37 East LLC
Deed
$317,500 · 1st Constitution Bank
Feb 13, 2009
—
1815-1819 Route 37 East LLC
Adzima,stephen J & Mary
Grant Deed
—
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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