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Property profile

2040 6Th Ave Neptune City, NJ 07753

FOR SALE
Office buildings
Property ID
US59-1478316
16,026 SF 0.85 ac lot Built 1976
Last sale Dec 2015 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story medical/professional office building constructed in 1976, containing approximately 16,000 square feet total of frame construction on a site of approximately 0.85 acres. The property’s layout includes two levels of approximately 8,000 square feet each, with the first level and a lower level that is ADA-compliant. The building is configured into five separate units: three units on the first floor and two units on the lower level, with each unit separately metered for electric and gas.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$38k
Tax billed · 2022
Assessed value · 2023$1.88M
Assessed land$452k
Assessed improvement$1.43M
Effective rate2.02%

Value estimate

· Oct 2026
$2.27M
$2.04M – $2.50M
Submarket $/SF estimate$3.03M
NOI build-up
Gross scheduled income$422k
Vacancy & credit loss−$25k
Operating expenses−$159k
NOI · 13.24% cap applied$238k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$317/SF
Submarket average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$189 – $417

Cap rate analysis

How does the asset earn?
13.24%
$238k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HC
Single Family Residential/Townhouse Zone. § 139-36 R-2T Residential Townhouse Zone. § 139-37 R-2M Mobile Home District. § 139-38 RLC Resi...
General categoryCOMMERCIAL
JurisdictionMONMOUTH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.1
Law Firm16.3
Electrical Service11.3

Location

2040 6Th Ave Neptune City, NJ 07753
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1324 Wyckoff, Wall Township, NJ 07753-6809 $16,001,077 Apr 2023 21,000 SF
39 Sylvania, Neptune, NJ 07753-6768 $900,000 Jan 2022 2,150 SF
1430 State Rte 34, Wall Township, NJ 07753-6807 $2,825,000 Sep 2021 14,100 SF
1333 Campus, Wall Township, NJ 07753-6815 $3,250,000 Mar 2020 20,720 SF
72 Morris, Neptune, NJ 07753-6625 $600,000 Aug 2019 7,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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