Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Commercial real estate
1855 Cates Rd Mays Landing, NJ 08330-3603
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0253292
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1962
Construction
FRAME
Total area
11,004 SF
Lot
131.39 ac (5,723,348 SF)
Zoning code
GA-I
APN
12 01132- 01-00041- 01
UPID
US59-0253292
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
$2.25M
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.25M
Owner & transaction history
1855 Cates Road Property LLC · 2 yrs held
1855 Cates Road Property LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
GA-I · Mays Landing, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+139.4%
Apartment house (5+ units)
$1.4M
+5.4%
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 Mays Landing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mays Landing 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
$2,250,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
$2,725,000
6.5%
$2,515,000
7%
$2,335,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,155,000
Change: +139% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,390,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Feb 20 2024)
Last sale anchor
$2.25M
Feb 20 2024
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
$204 / 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
$78,885
Tax year 2022
Assessed value
$2,445,300
Assessed 2023
Previous assessed
$2,445,300
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$1,445,300
Assessed improvement
$1,000,000
Land market value
$1,445,300
Improvement market value
$1,000,000
Total market value
$2,445,300
Applied tax rate
12.0000
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
1962
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
11,004 SF
Lot
131.39 ac (5,723,348 SF)
Zoning code
GA-I
APN
12 01132- 01-00041- 01
UPID
US59-0253292
Jurisdiction
ATLANTIC
Zoning & alternative use
GA-I · Mays Landing, NJZoning GA-I · permitted uses
GA-I · Mays Landing, 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
OFFICE BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
131.39 ac
Current owner
From public records · entity-resolved
1855 Cates Road Property LLC
Entity
Mailing address
3603 ATLANTIC BRIGANTINE BLVD, BRIGANTINE, NJ 08203-1001
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
1855 Cates Road Property LLC
—
Deed
related
$3,500,000 · Fulton Bank NA
Feb 20, 2024
$2,250,000
1855 Cates Road Property LLC
Mlcc 1 LLC
Deed
—
Mar 16, 2023
$1,000
Mlcc I LLC
Turf Trade
Sheriffs Deed
related
—
Jun 15, 2022
—
Ml Country Club LLC
—
Deed
related
$75,000 · Edgewood Properties INC
Mar 24, 2017
—
Ml Country Club LLC
—
Deed
related
$175,000 · Beneficial Bank
Oct 21, 2015
—
Ml Country Club LLC
Mays Landing Country Club INC
Deed In Lieu Of Foreclosure
$1,500,000 · Itria Ventures LLC
May 2, 2006
$1
Sjs Holdings LLC
Mays Landing Country Club INC
Grant Deed
related
—
Dec 3, 2003
—
Sjs Holdings LLC
—
Deed Of Trust
related
$15,750,000 · Transamerica Life Insurance Co
Mar 12, 2002
—
Sjs Holdings LLC
Mays Landing Country Club INC
Grant Deed
related
—
Feb 16, 1999
$400,000
Mays Landing Development Co
Mays Landing Country Club INC
Grant Deed
related
—
—
—
Landing Country Club Mays
—
Deed Of Trust
related
$760,000 · Sun National Bank
—
—
May Landings Country Club INC
—
Deed Of Trust
related
$460,000 · Minotola National Bank
—
—
Ml Country Club LLC
—
Deed Of Trust
related
$2,100,000 · Beneficial Bk
—
—
Mays Landing Country Club INC
—
Deed Of Trust
related
$3,300,000 · Susquehanna Bank
—
—
Mays Landing Country Club INC
—
Deed Of Trust
related
$200,000 · Minotola National Bank
—
—
Mays Landing Country Club INC
—
Deed Of Trust
related
$3,300,000 · Minotola National Bank
—
—
Mays Landing Country Club INC
—
Deed Of Trust
related
$200,216 · Minotola 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1855 Cates Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
