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Property profile & analytics
OFF-MARKET
Estimated value
$20,505,000
Commercial real estate
2341 State Rte 66, Ocean, NJ 07712-3961
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1608482
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Total area
201,214 SF
Lot
15.46 ac (673,612 SF)
Zoning code
C-4
APN
37 00141-0000-00002
UPID
US59-1608482
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
by Request
Blend (final)
Blend
$20.51M
Owner & transaction history
Sephora USA INC · 1 yrs held
Sephora USA INC
since 2025
7 recorded transactions
Zoning & alternative use
C-4 · Ocean, 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 Ocean submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean 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
$102 / 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
$172,914
Tax year 2022
Assessed value
$9,802,400
Assessed 2023
Previous assessed
$9,802,400
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$7,730,000
Assessed improvement
$2,072,400
Land market value
$7,730,000
Improvement market value
$2,072,400
Total market value
$9,802,400
Applied tax rate
37.0000
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
1976
Heating
NONE
Buildings
1
Total area
201,214 SF
Lot
15.46 ac (673,612 SF)
Zoning code
C-4
APN
37 00141-0000-00002
UPID
US59-1608482
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-4 · Ocean, NJ
Zoning C-4 · permitted uses
C-4 · Ocean, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Buildings
1
Lot
15.46 ac
Current owner
From public records · entity-resolved
Sephora USA INC
Entity
Mailing address
8 INDUSTRIAL WAY E, EATONTOWN, NJ 07724-3317
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Sephora USA INC
Seaview Acquisition LLC
Deed
—
Jul 13, 2021
—
Ws II Acquisition LLC
—
Deed
related
$250,000 · Valley Bank
Nov 18, 2019
$8,000,000
Ws II Acquisition LLC
Tf Ocean Nj LLC
Grant Deed
—
Apr 23, 2019
—
Tf Ocean Nj LLC
—
Deed
related
$800,000,000 · Hps Inv Ptrs LLC
Apr 5, 2019
$3,532,027
Tf Ocean Nj LLC
Roebuck & Co
Quit Claim Deed
related
—
Oct 17, 2018
—
Sears Roebuck & Co
—
Loan Modification
related
$1,000,000,000 · Jpp LLC
Jun 14, 2018
—
Sears Roebuck & Co
—
Deed
related
$1,000,000,000 · Jpp LLC
Mar 31, 2017
—
Sears Roebuck & Co
—
Grant Deed
related
$600,000,000 · Citibank
Jan 31, 2017
—
Sears Roebuck & Co
—
Grant Deed
related
$600,000,000 · Private Individual
—
—
Tf Ocean Nj LLC
—
Deed Of Trust
related
$800,000,000 · Hps Inv Ptrs LLC
—
—
Sears Roebuck & Co
—
Loan Modification
related
$1,000,000,000 · Jpp LLC
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.
Try Rey
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