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Property profile & analytics
OFF-MARKET
Estimated value
$8,545,000
Office buildings
2310 Hwy 34 Manasquan, NJ 08736-1400
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1735400
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
32,294 SF
Lot
3 ac (130,680 SF)
Zoning code
OR-2
APN
52 00819-0000-00048
UPID
US59-1735400
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
$8.70M
CAP Approach
CAP
$8.11M
Comparable Approach
Comparable
$6.52M
Blend (final)
Blend
$8.55M
Owner & transaction history
Manasquan Bank · 4 yrs held
Manasquan Bank
since 2022
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
OR-2 · Manasquan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,915,000
ML approach
$8,700,000
CAP Approach
CAP Return
Estimation
6%
$8,785,000
6.5%
$8,110,000
7%
$7,530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,240,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,535,000
Change: -17% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,525,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$8.55M
Range $7.69M – $9.40M · ±10% · vs last sale $8.50M (Jan 6 2022)
Last sale anchor
$8.50M
Jan 6 2022
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
$265 / 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
$68,979
Tax year 2022
Assessed value
$3,428,400
Assessed 2023
Previous assessed
$3,428,400
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$600,000
Assessed improvement
$2,828,400
Land market value
$600,000
Improvement market value
$2,828,400
Total market value
$3,428,400
Applied tax rate
52.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
1
Units
1
Total area
32,294 SF
Lot
3 ac (130,680 SF)
Zoning code
OR-2
APN
52 00819-0000-00048
UPID
US59-1735400
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OR-2 · Manasquan, NJ
Zoning OR-2 · permitted uses
OR-2 · Manasquan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manasquan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$8.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2002
Heating
NONE
Buildings
1
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Manasquan Bank
Entity
Mailing address
2310 HWY 34, MANASQUAN, NJ 08736-1400
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
$8,500,000
Manasquan Bank
J&j Commercial & Industrial Propert
Foreclosure
related
—
Nov 1, 2017
$7,000,000
J & J Coml & Indl Prop LLC
J C Real Estate LLC
Grant Deed
related
$5,000,000 · Manasquan Bk
Aug 28, 2017
—
Jc Real Estate LLC
Jc Real Estate LLC
Quit Claim Deed
related
—
Jan 7, 2013
—
Jc Real Estate LLC
Jc Real Estate LLC
Quit Claim Deed
related
—
—
—
Jc Real Estate LLC
—
Deed Of Trust
related
$4,200,000 · Manasquan Svgs Bk
—
—
Jc Real Estate LLC
—
Deed Of Trust
related
$250,000 · Manasquan Savings Bank
—
—
Jc Real Estate LLC
—
Deed Of Trust
related
$100,000 · Manasquan Savings Bank
—
—
Jc Real Estate LLC
—
Deed Of Trust
related
$500,000 · Manasquan Savings 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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