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Property profile & analytics
OFF-MARKET
Commercial real estate
218 Central Ave Island Heights, NJ 08732
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US59-1204788
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
3,784 SF
Lot
0.32 ac (13,765 SF)
Zoning code
COMM
APN
11 00047-0000-00001- 01
UPID
US59-1204788
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
-
BMZ Motors Auto Repair Shop
-
BMZ Auto Repair Auto Repair Shop
-
Simple Interlock Building Supply General Contractor
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
Emmrose LLC · 7 yrs held
Emmrose LLC
since 2019
3 recorded transactions
Zoning & alternative use
COMM · Island Heights, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intend to promote general commercial uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
15.18 ac
Source
Realmo
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 Island Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Island Heights 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
$9,903
Tax year 2022
Assessed value
$488,800
Assessed 2023
Previous assessed
$488,800
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$282,200
Assessed improvement
$206,600
Land market value
$282,200
Improvement market value
$206,600
Total market value
$488,800
Applied tax rate
11.0000
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
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
3,784 SF
Lot
0.32 ac (13,765 SF)
Zoning code
COMM
APN
11 00047-0000-00001- 01
UPID
US59-1204788
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
COMM · Island Heights, NJZoning COMM · permitted uses
COMM · Island Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intend to promote general commercial uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
15.18 ac
Source
Realmo
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Emmrose LLC
Entity
Mailing address
1165 TOMS RIV RD, JACKSON, NJ 08527-5243
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2019
$1,325,000
Emmrose LLC
Candor INC
Deed
$1,075,000 · Manasquan Bank
—
—
Candor INC
—
Deed Of Trust
related
$50,000 · Oceanfirst Bank
—
—
Candor INC
—
Deed Of Trust
related
$635,000 · 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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