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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Commercial real estate
217 Mccabe Ave Bradley Beach, NJ 07720-1449
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US59-2589846
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1906
Construction
FRAME
Total area
3,646 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R-1
APN
08 00037-0000-00002
UPID
US59-2589846
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
$755k
Comparable Approach
Comparable
$412k
Blend (final)
Blend
$570k
Owner & transaction history
Irvington Manor LLC · 10 yrs held
Irvington Manor LLC
since 2015
7 recorded transactions
Zoning & alternative use
R-1 · Bradley Beach, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
of trees. § 450-22 Docks and bulkheads. § 450-23 Kitchen and sleeping facilities; basements. § 450-24 Satellite antennas. § 450-25 Applicability to municipal uses on Borough property. Article V Zone Regulations § 450-26 R-1 Residential Single-Family Zone. § 450-27 (Reserved) § 450-28 R-B Residential Beachfront Zone. § 450-29 GB General Business Zone. § 450-2…
Zone name
Residential Single Family
General category
RESIDENTIAL
Zone area
219.99 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 Bradley Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bradley Beach 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%
$820,000
6.5%
$755,000
7%
$705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$945,000
Current use
OFFICE BUILDING
$900,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$156 / 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
$6,103
Tax year 2022
Assessed value
$703,300
Assessed 2023
Previous assessed
$703,300
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$678,300
Assessed improvement
$25,000
Land market value
$678,300
Improvement market value
$25,000
Total market value
$703,300
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1906
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
1
Rooms
19
Total area
3,646 SF
Lot
0.17 ac (7,500 SF)
Zoning code
R-1
APN
08 00037-0000-00002
UPID
US59-2589846
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Bradley Beach, NJZoning R-1 · permitted uses
R-1 · Bradley Beach, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
of trees. § 450-22 Docks and bulkheads. § 450-23 Kitchen and sleeping facilities; basements. § 450-24 Satellite antennas. § 450-25 Applicability to municipal uses on Borough property. Article V Zone Regulations § 450-26 R-1 Residential Single-Family Zone. § 450-27 (Reserved) § 450-28 R-B Residential Beachfront Zone. § 450-29 GB General Business Zone. § 450-29.1 GBW General Business West Zone. § 450-30 O-P Office Professional Zone. § 450-31
Zone name
Residential Single Family
General category
RESIDENTIAL
Zone area
219.99 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$945,000
OFFICE BUILDING
Est. value
$900,000
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
1906
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
1
Rooms
19
Lot
0.17 ac
Current owner
From public records · entity-resolved
Irvington Manor LLC
Entity
Mailing address
57 S MAIN ST #149, NEPTUNE, NJ 07753-5032
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2020
—
Irvington Manor LLC
—
Deed
related
$492,000 · Lisa Patruno
Jul 30, 2015
—
Irvington Manor LLC
Patruno,lisa
Grant Deed
related
—
Aug 25, 2005
$550,000
Lisa Patruno
Delpreore,eugene
Grant Deed
$400,000 · Shore Community Bank
—
—
Lisa Patruno
—
Deed Of Trust
related
$357,264 · Shore Community Bank
—
—
Lisa Patruno
—
Deed Of Trust
related
$400,000 · Shore Community Bank
—
—
Irvington Manor LLC
—
Deed Of Trust
related
$492,000 · Lisa Patruno
—
—
Lisa Patruno
—
Deed Of Trust
related
—
—
—
Lisa Patruno
—
Deed Of Trust
related
—
—
—
Patruno,lisa
—
Loan Modification, Consolidation And Extension
related
$393,319 · Shore Cmnty Bk
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.
Try Rey
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