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Property profile & analytics
OFF-MARKET
Estimated value
$5,305,000
Commercial real estate
201 Tornillo Way Ocean, NJ 07712-7529
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US59-1946574
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
25,445 SF
Lot
3.33 ac (145,055 SF)
Zoning code
IO35
APN
49 00120- 02-00001- 04
UPID
US59-1946574
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
-
Johnstone Supply Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.29M
Comparable Approach
Comparable
$3.86M
Blend (final)
Blend
$5.31M
Owner & transaction history
201 Tornillo Wa LLC
201 Tornillo Wa LLC
since 2025
Last sale
$6.0M
1 recorded transaction
Zoning & alternative use
IO35 · Ocean, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.7M
+3.7%
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 Ocean submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean 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%
$5,725,000
6.5%
$5,285,000
7%
$4,905,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,485,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,725,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$6,275,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,245,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$5.31M
Range $4.77M – $5.84M · ±10% · vs last sale $6.04M (Sep 12 2025)
Last sale anchor
$6.04M
Sep 12 2025
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
$208 / 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
$43,101
Tax year 2022
Assessed value
$2,643,100
Assessed 2023
Previous assessed
$2,643,100
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$674,300
Assessed improvement
$1,968,800
Land market value
$674,300
Improvement market value
$1,968,800
Total market value
$2,643,100
Applied tax rate
49.0000
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
25,445 SF
Lot
3.33 ac (145,055 SF)
Zoning code
IO35
APN
49 00120- 02-00001- 04
UPID
US59-1946574
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
IO35 · Ocean, NJZoning IO35 · permitted uses
IO35 · Ocean, 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
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
3.33 ac
Current owner
From public records · entity-resolved
201 Tornillo Wa LLC
Entity
Mailing address
370 MARKET ST, KENILWORTH, NJ 07033-2034
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
$6,040,000
201 Tornillo Wa LLC
Zzh Real Estate Holdings LLC
Deed
$5,000,000 · Live Oak Banking Company
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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