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Property profile & analytics
OFF-MARKET
Estimated value
$15,895,000
Commercial real estate
1904 Atlantic Ave Manasquan, NJ 08736-1006
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2040490
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
84,297 SF
Lot
42.37 ac (1,845,637 SF)
Zoning code
CR40
APN
52 00799-0000-00041- 01
UPID
US59-2040490
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
$15.90M
CAP Approach
CAP
$17.51M
Comparable Approach
Comparable
$11.87M
Blend (final)
Blend
$15.90M
Owner & transaction history
Genesis Health Clubs Manasquan LLC · 2 yrs held
Genesis Health Clubs Manasquan LLC
since 2024
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
CR40 · Manasquan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$22.3M
+0.1%
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 Manasquan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manasquan 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
$15,895,000
ML approach
$15,895,000
CAP Approach
CAP Return
Estimation
6%
$18,965,000
6.5%
$17,510,000
7%
$16,255,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,260,000
Current use
APARTMENT HOUSE (5+ UNITS)
$22,280,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$15.90M
Range $14.31M – $17.48M · ±10% · vs last sale $15.89M (Jan 29 2024)
Last sale anchor
$15.89M
Jan 29 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
$189 / 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
$442,640
Tax year 2022
Assessed value
$22,000,000
Assessed 2023
Previous assessed
$22,000,000
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$5,296,300
Assessed improvement
$16,703,700
Land market value
$5,296,300
Improvement market value
$16,703,700
Total market value
$22,000,000
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
Heating
NONE
Buildings
1
Total area
84,297 SF
Lot
42.37 ac (1,845,637 SF)
Zoning code
CR40
APN
52 00799-0000-00041- 01
UPID
US59-2040490
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
CR40 · Manasquan, NJZoning CR40 · permitted uses
CR40 · Manasquan, 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
COMMERCIAL (GENERAL) Current
Est. value
$22.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.3M
COMMERCIAL (GENERAL) Current
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
Heating
NONE
Buildings
1
Lot
42.37 ac
Current owner
From public records · entity-resolved
Genesis Health Clubs Manasquan LLC
Entity
Mailing address
1904 ATLANTIC AVE, MANASQUAN, NJ 08736-1006
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$15,894,699
Genesis Health Clubs Manasquan LLC
The Atlantic Club INC
Deed
$14,628,000 · Manasquan Bank
Jul 27, 2018
—
Atlantic Club INC
Atlantic Club INC
Quit Claim Deed
related
—
Feb 11, 2003
$1
Your Racquet Whats
Whats Your Racquet INC
Grant Deed
related
—
Dec 31, 2002
$1
Your Racquet Whats
Whats Your Racquet INC
Grant Deed
related
—
Jan 11, 2002
$1
Whats Your Racquet INC
Laus,patricia
Grant Deed
related
—
Nov 29, 2000
$1
Atlantic Club INC
Whats Your Racquet INC
Grant Deed
related
—
Feb 5, 1998
$173,000
Patricia A Laus
Quaker Agency INC
Grant Deed
—
—
—
Whats Your Racquet INC
—
Deed Of Trust
related
$200,000 · First Union Natl Bk/duluth
—
—
Atlantic Club INC
—
Deed Of Trust
related
$2,000,000 · Wachovia Bk/nc
—
—
Atlantic Club INC
—
Deed Of Trust
related
$715,000 · Oceanfirst Bk
—
—
Atlantic Club INC
—
Deed Of Trust
related
$3,100,000 · Oceanfirst Bk
—
—
Atlantic Club
—
Deed Of Trust
related
$500,000 · First Union Natl Bk/duluth
—
—
Whats Your Racquet INC
—
Deed Of Trust
related
$500,000 · First Union Natl Bk/duluth
—
—
Whats Your Racquet INC
—
Deed Of Trust
related
$1,000,000 · Michael Oshea
—
—
Atlantic Club INC
—
Deed Of Trust
related
$500,000 · Oceanfirst 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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