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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Commercial real estate
240 Parker Ave Manasquan, NJ 08736-2804
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-2111114
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
BRICK
Total area
3,765 SF
Lot
0.75 ac (32,877 SF)
Zoning code
B-3
APN
29 00052-0000-00050- 01
UPID
US59-2111114
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
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.62M
Owner & transaction history
Parker 240 LLC · 1 yrs held
Parker 240 LLC
since 2024
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
B-3 · Manasquan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
al Zone. § 35-5.6 R-5 One-Family Residential Zone. § 35-5.7 R-M Residential Multifamily Zone. § 35-5.8 R-PM Planned Multifamily Residential Zone. § 35-5.9 B-1 Business Zone. § 35-5.10 B-2 Marine Business Zone. § 35-5.11 B-3 General Business Zone. § 35-5.12 O Office Zone. § 35-5.13 (Reserved) § 35-5.14 P Public Parking Zone. § 35-5.15 (Reserved) § 35-5.16 CON…
Zone name
General Business
General category
COMMERCIAL
Zone area
32.65 ac
Top alternative use upside
Office building
$1.2M
+20.1%
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
$1,620,000
ML approach
$1,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$995,000
Current use
OFFICE BUILDING
$1,195,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.62M (Oct 1 2024)
Last sale anchor
$1.62M
Oct 1 2024
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
$430 / 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
$19,215
Tax year 2023
Assessed value
$1,123,000
Assessed 2024
Previous assessed
$1,123,000
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$660,000
Assessed improvement
$463,000
Land market value
$660,000
Improvement market value
$463,000
Total market value
$1,123,000
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
1979
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Total area
3,765 SF
Lot
0.75 ac (32,877 SF)
Zoning code
B-3
APN
29 00052-0000-00050- 01
UPID
US59-2111114
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Manasquan, NJZoning B-3 · permitted uses
B-3 · Manasquan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
al Zone. § 35-5.6 R-5 One-Family Residential Zone. § 35-5.7 R-M Residential Multifamily Zone. § 35-5.8 R-PM Planned Multifamily Residential Zone. § 35-5.9 B-1 Business Zone. § 35-5.10 B-2 Marine Business Zone. § 35-5.11 B-3 General Business Zone. § 35-5.12 O Office Zone. § 35-5.13 (Reserved) § 35-5.14 P Public Parking Zone. § 35-5.15 (Reserved) § 35-5.16 CON Conservation Zone. § 35-5.17 PR Affordable Housing Overlay Zone. § 35-5.18 BR-1 Bu
Zone name
General Business
General category
COMMERCIAL
Zone area
32.65 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$995,000
OFFICE BUILDING
Est. value
$1.2M
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
1979
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Parker 240 LLC
Entity
Mailing address
240 PARKER AVE STE #203, MANASQUAN, NJ 08736-2804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
$1,620,000
Parker 240 LLC
240 Parker Manasquan LLC
Deed
$1,620,000 · Bank Of America NA
Apr 18, 2008
—
First States Investors Db I
First States Props 45 LLC
Quit Claim Deed
related
$100,000,000 · Deutsche Bk Ag Cayman Iss Br
Sep 10, 1998
$241,920
1st States Prop No 45
1st Union Natl Bk
Grant Deed
related
—
—
—
James M Zavada
—
Deed Of Trust
related
$25,250 · First Union Natl Bk/duluth
—
—
1st State Prop 45
—
Deed Of Trust
related
$868,000 · Sun Nat'l Bk
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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