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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Commercial real estate
2168 Hwy 35 Sea Girt, NJ 08750-1004
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US59-2872132
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1953
Total area
11,943 SF
Lot
1.64 ac (71,250 SF)
Zoning code
HB80
APN
52 00706-0000-00006
UPID
US59-2872132
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
$1.44M
Owner & transaction history
Govan & Sons INC · 18 yrs held
Govan & Sons INC
since 2008
6 recorded transactions
Zoning & alternative use
HB80 · Sea Girt, 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 Sea Girt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sea Girt 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
$120 / 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
$38,993
Tax year 2022
Assessed value
$1,938,000
Assessed 2023
Previous assessed
$1,938,000
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$614,200
Assessed improvement
$1,323,800
Land market value
$614,200
Improvement market value
$1,323,800
Total market value
$1,938,000
Applied tax rate
52.0000
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
1953
Heating
NONE
Buildings
1
Units
1
Total area
11,943 SF
Lot
1.64 ac (71,250 SF)
Zoning code
HB80
APN
52 00706-0000-00006
UPID
US59-2872132
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HB80 · Sea Girt, NJZoning HB80 · permitted uses
HB80 · Sea Girt, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1953
Heating
NONE
Buildings
1
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Govan & Sons INC
Entity
Mailing address
2168 HWY 35, SEA GIRT, NJ 08750-1004
Ownership since
2008
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
Aug 11, 2022
—
Govan & Sons INC
—
Deed
related
$1,432,500 · United States Small Business Admin
Mar 11, 2008
$2,800,000
Govan & Sons INC
Sea Girt Lodge INC
Grant Deed
$2,400,000 · Commerce Bk/or
—
—
Govan & Sons INC
—
Deed Of Trust
related
$2,100,000 · Magyar Bk
—
—
Sea Girt Lodge INC
—
Deed Of Trust
related
$25,000 · Commerce Bank NA
—
—
Sea Girl Lodge INC
—
Deed Of Trust
related
$40,000 · Commerce Bank Shore NA
—
—
Sea Girt Lodge INC
—
Deed Of Trust
related
$251,000 · Commerce Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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