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Property profile & analytics
OFF-MARKET
Estimated value
$29,270,000
Commercial real estate
2 Cres Pl Oceanport, NJ 07757-1233
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1994194
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
FRAME
Total area
287,915 SF
Lot
31.1 ac (1,354,716 SF)
Zoning code
I
APN
38 00127-0000-00004
UPID
US59-1994194
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
Current use
Occupant on record · Public records
-
Ellen Fan, RPh Pharmacy
-
Wolf Hill Off-Leash Dog Park Dog Park
-
St Barnabas Medical Group
-
Monmouth Park Corporate Center 2 Business Service Center Corporate Office
-
Cooper Industries Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.27M
Owner & transaction history
Gb Ltd Oper INC · 5 yrs held
Gb Ltd Oper INC
since 2021
4 recorded transactions
Zoning & alternative use
I · Oceanport, 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 Oceanport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oceanport 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$102 / 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
$271,522
Tax year 2022
Assessed value
$15,400,900
Assessed 2023
Previous assessed
$15,400,900
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$6,045,800
Assessed improvement
$9,355,100
Land market value
$6,045,800
Improvement market value
$9,355,100
Total market value
$15,400,900
Applied tax rate
38.0000
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
2000
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
287,915 SF
Lot
31.1 ac (1,354,716 SF)
Zoning code
I
APN
38 00127-0000-00004
UPID
US59-1994194
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Oceanport, NJ
Zoning I · permitted uses
I · Oceanport, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oceanport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
31.1 ac
Current owner
From public records · entity-resolved
Gb Ltd Oper INC
Entity
Mailing address
63 W MAIN ST STE B, FREEHOLD, NJ 07728-2140
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
—
Gb Ltd Oper INC
—
Deed
related
$500,000 · Valley Bank
Aug 27, 2018
—
Mpcc II LLC
—
Deed
related
$6,500,000 · Valley Nat'l Bk
—
—
Mpcc II LLC
—
Deed Of Trust
related
$6,500,000 · Valley National Bank
—
—
Mpcc II LLC
—
Loan Modification
related
$6,500,000 · Valley Nat'l 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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