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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
22 Central Ave Island Heights, NJ 08732-7715
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US59-1695355
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
3,687 SF
Lot
0.11 ac (4,750 SF)
Zoning code
COMM
APN
11 00022-0000-00001
UPID
US59-1695355
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
-
Corner Deli Cafe Island Heights Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$510k
Owner & transaction history
Linda T Lane · 21 yrs held
Linda T Lane
since 2005
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
Method
Estimation
Statistic approach
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$138 / 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
$10,645
Tax year 2022
Assessed value
$525,400
Assessed 2023
Previous assessed
$525,400
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$249,500
Assessed improvement
$275,900
Land market value
$249,500
Improvement market value
$275,900
Total market value
$525,400
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
Year built
1900
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
2
Bathrooms
1
Total area
3,687 SF
Lot
0.11 ac (4,750 SF)
Zoning code
COMM
APN
11 00022-0000-00001
UPID
US59-1695355
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
Year built
1900
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
2
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Linda T Lane
Individual
Mailing address
PO BOX 507, ISLAND HEIGHTS, NJ 08732-0507
Ownership since
2005
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
Jan 6, 2025
—
Linda T Lane
—
Deed
related
$530,000 · First Platinum Capital Corp
Mar 31, 2005
$530,000
Linda T Lane
Nayak,yeshavanth P & Debra
Grant Deed
$424,000 · Interbay Funding LLC
Nov 25, 2002
$379,000
Debra Nayak
Bower,ronald & Alice
Grant Deed
—
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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