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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Commercial real estate
225 Ww Ave Long Branch, NJ 07740-6125
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0352327
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Total area
2,990 SF
Lot
0.19 ac (8,150 SF)
Zoning code
C-3
APN
27 00203-0000-00002
UPID
US59-0352327
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
$540k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$585k
Owner & transaction history
West Ave Properties LLC · 2 yrs held
West Ave Properties LLC
since 2023
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
C-3 · Long Branch, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-3 Neighborhood Commercial District. § 345-32.1 West End Design Overlay (WEDO) District regulations. § 345-33
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
22.71 ac
Top alternative use upside
Office building
$735,000
+3.0%
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 Long Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Branch 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
$565,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$715,000
Current use
OFFICE BUILDING
$735,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $600k (Nov 30 2023)
Last sale anchor
$600k
Nov 30 2023
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
$196 / 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
$7,541
Tax year 2022
Assessed value
$492,500
Assessed 2023
Previous assessed
$492,500
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$436,000
Assessed improvement
$56,500
Land market value
$436,000
Improvement market value
$56,500
Total market value
$492,500
Applied tax rate
27.0000
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
1960
Heating
NONE
Buildings
1
Total area
2,990 SF
Lot
0.19 ac (8,150 SF)
Zoning code
C-3
APN
27 00203-0000-00002
UPID
US59-0352327
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Long Branch, NJZoning C-3 · permitted uses
C-3 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-3 Neighborhood Commercial District. § 345-32.1 West End Design Overlay (WEDO) District regulations. § 345-33
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
22.71 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$715,000
OFFICE BUILDING
Est. value
$735,000
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
1960
Heating
NONE
Buildings
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
West Ave Properties LLC
Entity
Mailing address
235 WW AVE, LONG BRANCH, NJ 07740-6125
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
$600,000
West Ave Properties LLC
Joseph F Damiano JR INC
Deed
$480,000 · Manasquan Bank
—
—
Joseph F Damiano JR INC
—
Deed Of Trust
related
$300,000 · M&t Bk
—
—
Joseh F Damiano JR INC
—
Deed Of Trust
related
$350,000 · Vist Bank
—
—
Joseph F Damiano JR INC
—
Deed Of Trust
related
$250,000 · Si Bank & Trust
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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