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Property profile & analytics
OFF-MARKET
Commercial real estate
217 Main Ave Bay Head, NJ 08742-4730
Individually Owned
19-yr Hold
Free & Clear
Property ID
US59-1911460
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Construction
FRAME
Total area
305 SF
Lot
0.1 ac (4,400 SF)
Zoning code
R-50
APN
03 00032-0000-00007
UPID
US59-1911460
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
Ralph W Voorhees JR. · 19 yrs held
Ralph W Voorhees JR.
since 2006
1 recorded transaction
Zoning & alternative use
R-50 · Bay Head, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
1 Permitted uses in all residential zones. § 147-7 R-100 Single-Family Residential Zone. § 147-7.1 R-100-BF Single-Family Residential Bay Front Zone. § 147-7.2 R-100-OF Single-Family Residential Oceanfront Zone. § 147-8 R-50 Single-Family Residential Zone. § 147-9 B & B Bed-and-Breakfast Zone. § 147-10 B-1 General Business Zone. § 147-11 B-2 Marine Commercia…
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
210.36 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 Bay Head submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay Head 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
$6,804
Tax year 2022
Assessed value
$756,000
Assessed 2023
Previous assessed
$756,000
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$728,000
Assessed improvement
$28,000
Land market value
$728,000
Improvement market value
$28,000
Total market value
$756,000
Applied tax rate
3.0000
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
1930
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
305 SF
Lot
0.1 ac (4,400 SF)
Zoning code
R-50
APN
03 00032-0000-00007
UPID
US59-1911460
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-50 · Bay Head, NJZoning R-50 · permitted uses
R-50 · Bay Head, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
1 Permitted uses in all residential zones. § 147-7 R-100 Single-Family Residential Zone. § 147-7.1 R-100-BF Single-Family Residential Bay Front Zone. § 147-7.2 R-100-OF Single-Family Residential Oceanfront Zone. § 147-8 R-50 Single-Family Residential Zone. § 147-9 B & B Bed-and-Breakfast Zone. § 147-10 B-1 General Business Zone. § 147-11 B-2 Marine Commercial Zone. § 147-12 C Conservation Zone. § 147-13 Parking, loading and vehicular access
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
210.36 ac
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ralph W Voorhees JR.
Individual
Free & Clear · 19 yrs held
Mailing address
219 SWEETMANS LN, MILLSTONE TOWNSHIP, NJ 08535-8111
Ownership since
2006
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
Dec 6, 2006
—
Ralph W Voorhees JR.
Voorhees,clarence E
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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