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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Commercial real estate
2114 Rte 88 Point Pleasant Boro, NJ 08742-2264
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0012501
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1907
Construction
FRAME
Total area
4,137 SF
Lot
0.68 ac (29,621 SF)
Zoning code
GC
APN
25 00039-0000-00001- 02
UPID
US59-0012501
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
$1.14M
Blend (final)
Blend
$855k
Owner & transaction history
First Of The Day INC · 2 yrs held
First Of The Day INC
since 2024
Last sale
$15,000
7 recorded transactions
Zoning & alternative use
GC · Point Pleasant Boro, 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 Point Pleasant Boro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Point Pleasant Boro 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,140,000
Current use
OFFICE BUILDING
$985,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $15k (Mar 4 2024)
Last sale anchor
$15k
Mar 4 2024
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
$207 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,488
Tax year 2023
Assessed value
$914,900
Assessed 2024
Previous assessed
$914,900
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$502,500
Assessed improvement
$412,400
Land market value
$502,500
Improvement market value
$412,400
Total market value
$914,900
Applied tax rate
25.0000
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
1907
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
4,137 SF
Lot
0.68 ac (29,621 SF)
Zoning code
GC
APN
25 00039-0000-00001- 02
UPID
US59-0012501
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GC · Point Pleasant Boro, NJ
Zoning GC · permitted uses
GC · Point Pleasant Boro, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Point Pleasant Boro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$985,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1907
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
First Of The Day INC
Entity
Mailing address
2114 RTE 88, POINT PLEASANT BORO, NJ 08742-2264
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
First Of The Day INC
First Of The Day INC
Intrafamily Transfer
related
—
Nov 16, 2023
$15,000
First Of The Day INC
Borough Of Point Pleasant
Deed
—
Dec 28, 2009
$1,100,000
First Of The Day INC
J Magee & Son Realty LLC
Grant Deed
$565,000 · Newbank
Dec 20, 2004
$800,000
J Magee & Son Realty LLC
Vmc Realty LLC
Grant Deed
—
Dec 18, 2000
$300,000
Vmc Realty LLC
Wiesing,geoffrey R & Jane M
Grant Deed
$375,000 · Oceanfirst Bank
Feb 29, 2000
$275,000
Geoffrey Wiesing
Lee,havard
Grant Deed
—
—
—
First Of The Day INC
—
Deed Of Trust
related
$409,000 · Across Nations Pioneers INC
—
—
Across Nations Pioneers INC C
—
Deed Of Trust
related
$112,500 · Newbank
—
—
Vmc Realty LLC
—
Deed Of Trust
related
$780,000 · Oceanfirst Bank
—
—
Vmc Realty LLC
—
Deed Of Trust
related
$50,000 · Lantern Development Corp
—
—
First Of The Day INC
—
Deed Of Trust
related
$78,750 · Newbank
—
—
First Of The Day INC
—
Deed Of Trust
related
$112,500 · Newbank
—
—
First Of The Day INC
—
Deed Of Trust
related
$83,000 · Across Nations Pioneers INC
—
—
Vmc Realty LLC
—
Deed Of Trust
related
$10,000 · 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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