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Property profile & analytics
OFF-MARKET
Office Spaces
207 Downer Ave 2 Mantoloking, NJ 08738-9990
Entity Owned
7-yr Hold
Free & Clear
Property ID
US59-1925639
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1900
Total area
1,200 SF
Lot
0.06 ac (2,439 SF)
Zoning code
B
APN
20 00034-0000-00001-0000-C0002
UPID
US59-1925639
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
-
United States Postal Service Post Office Logistics Service
-
Mantoloking Realtors Real Estate Agency
-
AMS CUSTOM GRAPHIC DESIGN, VANITY PLATES AND DECALS Marketing & Advertising Advertising Agency
-
ABC Ahoy Bulkheading Co General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ljg Re Holdings LLC · 7 yrs held
Ljg Re Holdings LLC
since 2018
1 recorded transaction
Zoning & alternative use
B · Mantoloking, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Bulk requirements. The bulk requirements for the Business Zone shall be as set forth in Appendix B included as an attachment to this chapter . § 30-7 Open Space Zone. A. A Lots in the Open Space Zone shall be preserved from development. No buildings or structures may be constructed in the Open Space Zone. B. When a lot is in an Open Space Zone and is adjacen…
Zone name
Business
General category
COMMERCIAL
Zone area
0.80 ac
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 Mantoloking submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mantoloking 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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,818
Tax year 2023
Assessed value
$467,900
Assessed 2024
Previous assessed
$467,900
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$348,000
Assessed improvement
$119,900
Land market value
$348,000
Improvement market value
$119,900
Total market value
$467,900
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
2
Total area
1,200 SF
Lot
0.06 ac (2,439 SF)
Zoning code
B
APN
20 00034-0000-00001-0000-C0002
UPID
US59-1925639
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B · Mantoloking, NJZoning B · permitted uses
B · Mantoloking, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Bulk requirements. The bulk requirements for the Business Zone shall be as set forth in Appendix B included as an attachment to this chapter . § 30-7 Open Space Zone. A. A Lots in the Open Space Zone shall be preserved from development. No buildings or structures may be constructed in the Open Space Zone. B. When a lot is in an Open Space Zone and is adjacent to a lot in a residential zone, and both lots are under common ownership, only the lot area within the residential zone will be used for the calculation of lot area as defined in this chapter. An exception shall apply to lots abutting on Barnegat Bay, or on the north and south lagoons, where the front yard is considered the area between any building and the bulkhead. In such lots, any area of the front yard which is located in the Open Space Zone may be included in the calculation of the lot area.
Zone name
Business
General category
COMMERCIAL
Zone area
0.80 ac
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Ljg Re Holdings LLC
Entity
Free & Clear · 7 yrs held
Mailing address
207 DOWNER AVE, MANTOLOKING, NJ 08738-9990
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Aug 9, 2018
$133,000
Ljg Re Holdings LLC
High Hill Point Co LLC
Grant Deed
related
—
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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