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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Residential income homes
201 1st Ave Belmar, NJ 07719-5005
Entity Owned
14-yr Hold
Property ID
US59-3200190
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1857
Construction
FRAME
Total area
3,620 SF
Lot
0.15 ac (6,360 SF)
Zoning code
MF-2
APN
07 00011-0000-00001
UPID
US59-3200190
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
by Request
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$690k
Owner & transaction history
201 1st Avenue LLC · 14 yrs held
201 1st Avenue LLC
since 2011
5 recorded transactions
Zoning & alternative use
MF-2 · Belmar, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+11.3%
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 Belmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmar 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$955,000
Current use
COMMERCIAL (GENERAL)
$1,065,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$890,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$191 / 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
$11,355
Tax year 2022
Assessed value
$836,800
Assessed 2023
Previous assessed
$836,800
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$648,600
Assessed improvement
$188,200
Land market value
$648,600
Improvement market value
$188,200
Total market value
$836,800
Applied tax rate
7.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1857
Construction
FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
3,620 SF
Lot
0.15 ac (6,360 SF)
Zoning code
MF-2
APN
07 00011-0000-00001
UPID
US59-3200190
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
MF-2 · Belmar, NJ
Zoning MF-2 · permitted uses
MF-2 · Belmar, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmar. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1857
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
201 1st Avenue LLC
Entity
Mailing address
84 ELM ST STE A, WESTFIELD, NJ 07090-2181
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2011
$804,000
201 1st Avenue LLC
Merkler,christopher W & Maggie
Grant Deed
$577,500 · Boiling Spring Savings & Loan
Dec 4, 2006
$825,000
Christopher W Merkler
Merkler,walter A
Grant Deed
related
$414,000 · Pnc Bank
Apr 4, 2006
—
Walter A Merkler
Merkler,walter A & Mary C
Quit Claim Deed
related
—
Aug 20, 2004
$100
Walter A Merkler
Merkler,walter & Mary C
Grant Deed
related
—
Apr 2, 2004
$825,000
Merkler,walter A & Mary C
Derosa,francis A & Claire
Grant Deed
—
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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