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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Commercial real estate
224 Parker Ave Manasquan, NJ 08736-2804
Entity Owned
Absentee Owner
Free & Clear
Property ID
US59-1577601
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Construction
CONCRETE BLOCKS
Total area
22,128 SF
Lot
1.87 ac (81,457 SF)
Zoning code
I
APN
29 00052-0000-00038- 01
UPID
US59-1577601
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
$3.32M
Blend (final)
Blend
$2.46M
Owner & transaction history
224 Parker Avenue LLC
224 Parker Avenue LLC
since 2026
2 recorded transactions
Zoning & alternative use
I · Manasquan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ons and associations organized for civil, social, cultural, religious, literary, educational or recreational purposes. 2. Senior Citizen Housing. 3. Bed and Breakfast Guest House. § 35-5.13 (Reserved) [Former § 35-5.13, I Industrial Zone, was repealed 10-20-2025 by Ord. No. 2567-25 . History includes: 1972 Code § 107-16; Ord. No. 1097 ; Ord. No. 1925-04 § 2,…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
1.41 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 Manasquan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manasquan 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$111 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$25,509
Tax year 2023
Assessed value
$1,490,900
Assessed 2024
Previous assessed
$1,490,900
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,434,800
Assessed improvement
$56,100
Land market value
$1,434,800
Improvement market value
$56,100
Total market value
$1,490,900
Applied tax rate
29.0000
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
1950
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
22,128 SF
Lot
1.87 ac (81,457 SF)
Zoning code
I
APN
29 00052-0000-00038- 01
UPID
US59-1577601
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Manasquan, NJZoning I · permitted uses
I · Manasquan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ons and associations organized for civil, social, cultural, religious, literary, educational or recreational purposes. 2. Senior Citizen Housing. 3. Bed and Breakfast Guest House. § 35-5.13 (Reserved) [Former § 35-5.13, I Industrial Zone, was repealed 10-20-2025 by Ord. No. 2567-25 . History includes: 1972 Code § 107-16; Ord. No. 1097 ; Ord. No. 1925-04 § 2,3; Ord. No. 2245-2017 .] § 35-5.14 P Public Parking Zone. [1972 Code § 107-17; Or
Zone name
Industrial
General category
INDUSTRIAL
Zone area
1.41 ac
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
224 Parker Avenue LLC
Entity
Free & Clear · 0 yrs held
Mailing address
30 PROGRESS ST, UNION, NJ 07083-8123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
224 Parker Avenue LLC
Dunphey Smith Company
Deed
—
Jan 16, 2025
—
Dunphey Smith Company
—
Deed
related
$3,659,722 · Jeffrey Clayton
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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