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    2400 Belmar Blvd Belmar, NJ 07719-3970
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    Property profile & analytics

    2400 Belmar Blvd Belmar, NJ 07719-3970

    View on Map
    • Commercial real estate
    • 16,000 SF
    • 2.43 lot acres
    Off-Market
    Property ID
    US59-1957866
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,945,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kintech Printing Copy & Direct Mail / Printing Service / (Bike/Boat/Book/etc) Store
    • Microvisor Hood / Industrial Manufacturer / Production Facility
    • Visible Systems Corporation of NJ / (Bike/Boat/Book/etc) Store
    • LDW Inc / Electrical Service / General Contractor

    Property Details for 2400 Belmar Blvd

    Lot size
    2.43 lot acres
    Property size
    16,000 SF
    Zone code
    NB
    Property type
    Commercial real estate
    APN
    52 00240-0000-00050
    APU
    5200240000000050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,600,000
      6.5%
      $3,325,000
      7%
      $3,085,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,008,000
      Market price range: $840k - $2.61M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,705,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,230,000
      Change: -10% Conversion: Moderate
      OFFICE BUILDING
      $3,945,000
      Change: -16% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belmar
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0612
    Latitude
    40.1769
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $74,577
    $801,300
    $2,879,700
    $3,681,000
    -
    $801,300
    $2,879,700
    $3,681,000

    Comparable in this City

    • Value Estimation by Request

      2090 State Rte 34

      COMMERCIAL (GENERAL)
      2090 State Rte 34, Wall Township, NJ 07719-9108
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    • Value Estimation by Request

      2010 State Rte 34

      COMMERCIAL (GENERAL)
      2010 State Rte 34, Wall Township, NJ 07719-9108
      View Details
    • Value Estimation by Request

      1731 Main St

      COMMERCIAL (GENERAL)
      1731 Main St, Belmar, NJ 07719-3051
      View Details
    • Value Estimation by Request
      0.38 Acres

      1716 Main St

      COMMERCIAL (GENERAL) • 0.38 Acres
      1716 Main St, Belmar, NJ 07719-3052
      View Details
    • Value Estimation by Request

      3202 Allaire Rd

      COMMERCIAL (GENERAL)
      3202 Allaire Rd, Wall Township, NJ 07719-9165
      View Details
    • Value Estimation
      $2,605,000
      21,094 SF

      1501 18th Ave

      COMMERCIAL (GENERAL) • 21,094 SF
      1501 18th Ave, Wall Township, NJ 07719-3721
      View Details

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      Belmar Mixed-Use Redevelopment Opportunity

      Commercial property in Belmar's Seaport Redevelopment Zone.
      610 Main St, Belmar, NJ 07719
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    • New
      $1,195,000
      1,440 SF

      Renovated Two-Family Home Near Beach

      Two-unit property, one block from the beach, renovated in 2024.
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    Similar Nearby for Lease

    • Contact for pricing
      5,460 SF

      Office Space in Wall, NJ

      Office space available for rent in Wall, New Jersey.
      1512 State Route 138, Belmar, NJ 07719
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      Updated Office Space For Rent

      Two-story office space with modern finishes, convenient highway access.
      602 Main St, Belmar, NJ 07719
      View Details
    • $3,250 /Mo

      Updated Office Space For Rent

      Two-story office space with modern finishes, walkable to downtown.
      602 Main St, Belmar, NJ 07719
      View Details
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    2400 Belmar Blvd
    Belmar, NJ 07719-3970
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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