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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
21 Lincoln Ave Atlantic Highlands, NJ 07716-1121
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2206594
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
CONCRETE BLOCKS
Total area
15,494 SF
Lot
0.94 ac (40,770 SF)
Zoning code
LI
APN
05 00105-0000-00004- 01
UPID
US59-2206594
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
-
ReUnion Rx Pharmacy
-
Nidia Castellanos Pharmacy
-
Engine House Gym & Fitness Center
-
The engine house Gym & Fitness Center
-
Sandy Hook Interiors Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.41M
Owner & transaction history
Reunion Realty LLC · 5 yrs held
Reunion Realty LLC
since 2021
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
LI · Atlantic Highlands, 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 Atlantic Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic Highlands 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
$1,530,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.25M (May 11 2021)
Last sale anchor
$1.25M
May 11 2021
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
$91 / 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
$21,438
Tax year 2022
Assessed value
$1,225,000
Assessed 2023
Previous assessed
$1,225,000
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$488,800
Assessed improvement
$736,200
Land market value
$488,800
Improvement market value
$736,200
Total market value
$1,225,000
Applied tax rate
5.0000
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
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
15,494 SF
Lot
0.94 ac (40,770 SF)
Zoning code
LI
APN
05 00105-0000-00004- 01
UPID
US59-2206594
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Atlantic Highlands, NJ
Zoning LI · permitted uses
LI · Atlantic Highlands, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic Highlands. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Reunion Realty LLC
Entity
Mailing address
21 W LINCOLN AVE, ATLANTIC HIGHLANDS, NJ 07716-1121
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
—
Reunion Rx LLC
—
Deed
related
$350,000 · Oceanfirst Bank
May 11, 2021
$1,245,500
Reunion Realty LLC
New Jersey Natural Gas Company
Deed
$934,125 · Oceanfirst Bank
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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