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Property profile & analytics
OFF-MARKET
Commercial real estate
209 1st Ave Manasquan, NJ 08736-3314
Trust Owned
5-yr Hold
Free & Clear
Property ID
US59-1738762
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1927
Construction
FRAME
Total area
1,308 SF
Lot
0.05 ac (2,080 SF)
Zoning code
R-PM
APN
29 00178-0000-00036- 01
UPID
US59-1738762
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Marcks,david C & Diane M Trust · 5 yrs held
Marcks,david C & Diane M Trust
since 2020
Last sale
$250,000
3 recorded transactions
Zoning & alternative use
R-PM · Manasquan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 35-5.3 R-2 One-Family Residential Zone. § 35-5.4 R-3 One-Family Residential Zone. § 35-5.5 R-4 One-Family Residential Zone. § 35-5.6 R-5 One-Family Residential Zone. § 35-5.7 R-M Residential Multifamily Zone. § 35-5.8 R-PM Planned Multifamily Residential Zone. § 35-5.9 B-1 Business Zone. § 35-5.10 B-2 Marine Business Zone. § 35-5.11 B-3 General Business Zo…
Zone name
Planned Multifamily Residential
General category
RESIDENTIAL
Zone area
7.60 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 Manasquan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manasquan 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,679
Tax year 2022
Assessed value
$399,200
Assessed 2023
Previous assessed
$399,200
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$153,000
Assessed improvement
$246,200
Land market value
$153,000
Improvement market value
$246,200
Total market value
$399,200
Applied tax rate
29.0000
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
Year built
1927
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
1,308 SF
Lot
0.05 ac (2,080 SF)
Zoning code
R-PM
APN
29 00178-0000-00036- 01
UPID
US59-1738762
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-PM · Manasquan, NJZoning R-PM · permitted uses
R-PM · Manasquan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 35-5.3 R-2 One-Family Residential Zone. § 35-5.4 R-3 One-Family Residential Zone. § 35-5.5 R-4 One-Family Residential Zone. § 35-5.6 R-5 One-Family Residential Zone. § 35-5.7 R-M Residential Multifamily Zone. § 35-5.8 R-PM Planned Multifamily Residential Zone. § 35-5.9 B-1 Business Zone. § 35-5.10 B-2 Marine Business Zone. § 35-5.11 B-3 General Business Zone. § 35-5.12 O Office Zone. § 35-5.13 (Reserved) § 35-5.14 P Public Parking Zone. §
Zone name
Planned Multifamily Residential
General category
RESIDENTIAL
Zone area
7.60 ac
Building & site characteristics
From public records
Year built
1927
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Marcks,david C & Diane M Trust
Trust
Free & Clear · 5 yrs held
Mailing address
2597 SE 12TH ST, POMPANO BEACH, FL 33062-7041
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2020
—
Marcks,david C & Diane M Trust
David Marcks
Quit Claim Deed
related
—
Mar 6, 2017
$250,000
David Marcks
Doolittle Robert L Trust
Grant Deed
—
Dec 31, 1997
$62,500
Robert Doolittle
Doolittle,robert
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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