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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
2 Beachway Ave Keansburg, NJ 07734-1232
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2435669
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Total area
2,044 SF
Lot
0.47 ac (20,280 SF)
Zoning code
7187
APN
23 00021-0000-00020
UPID
US59-2435669
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
$620k
CAP Approach
CAP
$425k
Comparable Approach
Comparable
$421k
Blend (final)
Blend
$510k
Owner & transaction history
Two Beachway LLC · 5 yrs held
Two Beachway LLC
since 2021
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
7187 · Keansburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$505,000
+71.5%
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 Keansburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keansburg 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
$630,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$460,000
6.5%
$425,000
7%
$395,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$505,000
Change: +71% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $540k (Jun 18 2021)
Last sale anchor
$540k
Jun 18 2021
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
$250 / 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
$9,643
Tax year 2022
Assessed value
$394,800
Assessed 2023
Previous assessed
$394,800
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$186,100
Assessed improvement
$208,700
Land market value
$186,100
Improvement market value
$208,700
Total market value
$394,800
Applied tax rate
23.0000
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
1986
Heating
NONE
Buildings
1
Total area
2,044 SF
Lot
0.47 ac (20,280 SF)
Zoning code
7187
APN
23 00021-0000-00020
UPID
US59-2435669
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
7187 · Keansburg, NJZoning 7187 · permitted uses
7187 · Keansburg, 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
$505,000
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
1986
Heating
NONE
Buildings
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Two Beachway LLC
Entity
Mailing address
2 BEACHWAY AVE, KEANSBURG, NJ 07734-1232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
—
Two Beachway LLC
—
Deed
related
$750,000 · Manasquan Bank
Dec 1, 2021
—
Two Beachway LLC
—
Deed
related
$645,000 · Connectone Bank
Jun 18, 2021
$540,000
Two Beachway LLC
La Playa LLC
Deed
$315,000 · La Playa LLC
Aug 8, 2016
—
La Playa LLC
—
Deed
related
$209,000 · Valerie & Frank Montecalvo
Mar 30, 2015
$250,000
La Playa LLC
Go Conway LLC
Grant Deed
$200,000 · Go Conway LLC
Mar 13, 2008
—
Go Conway LLC
Conway,daniel
Quit Claim Deed
related
—
Mar 31, 2006
$370,000
Daniel Conway
Dj Bowers INC
Grant Deed
$100,000 · Dj Bowers INC
—
—
Dj Bowers INC
—
Deed Of Trust
related
$190,000 · National Capital Management LP
—
—
La Playa LLC
—
Deed Of Trust
related
$209,000 · Valerie & Frank Montecalvo
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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