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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Commercial real estate
2415 Asbury Ave, Ocean, NJ 07712
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1697281
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
CONCRETE BLOCKS
Total area
1,883 SF
Lot
0.78 ac (33,977 SF)
Zoning code
2768
APN
37 00141-0000-00003
UPID
US59-1697281
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
$995k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$990k
Owner & transaction history
Syed Brothers Management LLC · 3 yrs held
Syed Brothers Management LLC
since 2022
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
2768 · 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
Method
Estimation
Statistic approach
$1,025,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $975k (Oct 31 2022)
Last sale anchor
$975k
Oct 31 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
$526 / 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
$11,819
Tax year 2022
Assessed value
$689,600
Assessed 2023
Previous assessed
$689,600
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$559,900
Assessed improvement
$129,700
Land market value
$559,900
Improvement market value
$129,700
Total market value
$689,600
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
1968
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
1,883 SF
Lot
0.78 ac (33,977 SF)
Zoning code
2768
APN
37 00141-0000-00003
UPID
US59-1697281
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
2768 · Ocean, NJ
Zoning 2768 · permitted uses
2768 · 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
1968
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Syed Brothers Management LLC
Entity
Mailing address
3655 RTE 33, NEPTUNE, NJ
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$975,000
Syed Brothers Management LLC
Shaan Realty LLC
Deed
$975,000 · Shaan Realty LLC
Feb 20, 2019
$625,000
Shaan Realty LLC
Warfield Shell Property LLC
Grant Deed
—
Jul 12, 2012
—
Madison Lease LLC
Motiva Ents LLC
Grant Deed
related
—
May 29, 2012
—
Warfield Shell Property LLC
Warfield M S Trust
Quit Claim Deed
related
—
Feb 2, 2012
$125,000
Warfield Mildred S Trust
Warfield,sherrie D
Grant Deed
related
—
Jan 23, 2012
—
Pmg New Jersey LLC
Motiva Ents LLC
Grant Deed
related
—
Dec 14, 2011
—
Mildred S Trusrt Warfield
Shell Oil Co
Quit Claim Deed
related
—
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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