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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Commercial real estate
1906 Rte 35th Nb Seaside Heights, NJ 08751-1218
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-1325581
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
FRAME
Total area
3,848 SF
Lot
0.12 ac (5,250 SF)
Zoning code
GBMF
APN
08 01026-0000-00001
UPID
US59-1325581
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
$355k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$535k
Owner & transaction history
Timothy J Sullivan · 9 yrs held
Timothy J Sullivan
since 2017
6 recorded transactions
Zoning & alternative use
GBMF · Seaside Heights, 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 Seaside Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside Heights 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
$355,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$139 / 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
$15,992
Tax year 2022
Assessed value
$958,200
Assessed 2023
Previous assessed
$958,200
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$500,000
Assessed improvement
$458,200
Land market value
$500,000
Improvement market value
$458,200
Total market value
$958,200
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
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
1940
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
3,848 SF
Lot
0.12 ac (5,250 SF)
Zoning code
GBMF
APN
08 01026-0000-00001
UPID
US59-1325581
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GBMF · Seaside Heights, NJ
Zoning GBMF · permitted uses
GBMF · Seaside Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seaside Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Timothy J Sullivan
Individual
Mailing address
175 ROCHELLE AVE UNIT #303, ROCHELLE PARK, NJ 07662-4115
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2017
—
Timothy J Sullivan
Sullivan,timothy J & Richard J
Quit Claim Deed
related
—
Sep 11, 2014
—
Timothy J Sullivan
Sullivan,timothy J & Richard J
Quit Claim Deed
related
—
Oct 28, 2005
—
Gary E Sullivan
Sullivan,edward & Phyllis
Quit Claim Deed
related
—
Feb 22, 2005
—
Gary E Sullivan
Sullivan,edward & Phyllis
Quit Claim Deed
related
—
—
—
Richard Sullivan
—
Deed Of Trust
related
$265,000 · Two River Community Bank
—
—
Timothy J Sullivan
—
Deed Of Trust
related
$100,000 · Sullivan Gary J (es)
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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