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Property profile & analytics
FOR SALE
Office buildings
2040 6Th Ave Neptune City, NJ 07753
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1478316
For Sale
1 / 4
$1,800,000
2040 6Th Ave, Neptune City, NJ 07753
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
FRAME
Total area
16,026 SF
Lot
0.85 ac (37,000 SF)
Zoning code
HC
APN
36 00106-0000-00014
UPID
US59-1478316
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
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.27M
Owner & transaction history
Old Properties INC · 10 yrs held
Old Properties INC
since 2015
6 recorded transactions
Zoning & alternative use
HC · Neptune City, 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 Neptune City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neptune City 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$142 / 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
$38,048
Tax year 2022
Assessed value
$1,880,500
Assessed 2023
Previous assessed
$1,880,500
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$452,100
Assessed improvement
$1,428,400
Land market value
$452,100
Improvement market value
$1,428,400
Total market value
$1,880,500
Applied tax rate
36.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1976
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
16,026 SF
Lot
0.85 ac (37,000 SF)
Zoning code
HC
APN
36 00106-0000-00014
UPID
US59-1478316
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HC · Neptune City, NJ
Zoning HC · permitted uses
HC · Neptune City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Neptune City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Old Properties INC
Entity
Mailing address
437 BRENTWOOD AVE, TOMS RIVER, NJ 08755-2005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2021
—
Old Properties INC
—
Deed
related
$1,800,000 · Bethpage FCU
Feb 20, 2018
—
Old Properties INC
—
Deed
related
$332,500 · Two River Cmnty Bk
Dec 23, 2015
$1,600,000
Old Properties INC
Jersey Shore Plaza LLC
Grant Deed
$1,200,000 · Two River Cmnty Bk
Sep 15, 2006
—
Jersey Shore Plaza LLC
Leo Associates
Grant Deed
related
—
—
—
Jersey Shore Plaza LLC
—
Deed Of Trust
related
$900,000 · Two River Community Bank
—
—
Old Properties INC
—
Deed Of Trust
related
$332,500 · Two River Cmnty 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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