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    245 Atlantic City Blvd Beachwood, NJ 08722-2972
    Property profile & analytics

    245 Atlantic City Blvd Beachwood, NJ 08722-2972

    View on Map
    • Commercial real estate
    • 6,414 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US59-1371869
    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
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Center For Health & Healing / Gym & Fitness Center
    • International tattoo collective LLC / Tattoo & Piercing Shop
    • Wherever Tours / Travel Agency / Tour Operator
    • Preferred Behavioral Health Group / Medical Clinic
    • Compass by Preferred Behavioral Health Group / Social Service Agency / Charitable Organization

    Property Details for 245 Atlantic City Blvd

    Lot size
    0.28 lot acres
    Property size
    6,414 SF
    Zone code
    B1
    Property type
    Commercial real estate
    APN
    05 00004- 38-00002
    APU
    5000043800002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,096,000
      Market price range: $1.10M - $2.83M
      AI Estimate
      $568,000
      Market price range: $569k - $1.42M

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

    Location Insight

    • Map
    • Local Demand
    City
    Beachwood
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.1905
    Latitude
    39.9408
    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
    $13,098
    $180,000
    $315,000
    $495,000
    -
    $180,000
    $315,000
    $495,000

    Comparable in this City

    • Value Estimation
      $1,600,000
      9,000 SF

      429 Atlantic City Blvd

      COMMERCIAL (GENERAL) • 9,000 SF
      429 Atlantic City Blvd, Beachwood, NJ 08722-4003
      View Details
    • Value Estimation
      $1,435,000
      8,241 SF

      93 Atlantic City Blvd

      COMMERCIAL (GENERAL) • 8,241 SF
      93 Atlantic City Blvd, Beachwood, NJ 08722-2901
      View Details
    • Value Estimation
      $650,000
      2,100 SF

      137 Atlantic City Blvd

      COMMERCIAL (GENERAL) • 2,100 SF
      137 Atlantic City Blvd, Beachwood, NJ 08722-2935
      View Details
    • Value Estimation by Request
      1,307 SF

      118 Atlantic City Blvd

      COMMERCIAL (GENERAL) • 1,307 SF
      118 Atlantic City Blvd, Beachwood, NJ 08722-2918
      View Details
    • Value Estimation by Request
      2,152 SF

      659 Atlantic City Blvd

      COMMERCIAL (GENERAL) • 2,152 SF
      659 Atlantic City Blvd, Beachwood, NJ 08722-4007
      View Details
    • Value Estimation by Request
      0.33 Acres

      100 Atlantic City Blvd

      COMMERCIAL (GENERAL) • 0.33 Acres
      100 Atlantic City Blvd, Beachwood, NJ 08722-2903
      View Details

    Similar Nearby for Sale

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      976 SF

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      Mixed-use property with commercial spaces and apartment potential.
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      Renovated Building with Warehouse Space

      Mixed-use property featuring renovated building and warehouse space.
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    • $139,000

      Established Child Care Center For Sale

      Child care center/preschool near Toms River, licensed for 44 children.
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    • $1,150,000
      0.37 Acres

      Fully Occupied Multifamily Investment

      Six-unit multifamily property on a large lot in Beachwood.
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    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Beachwood Retail Space For Lease

      Retail space available in a highly visible Beachwood plaza.
      200 Atlantic City Blvd, Beachwood, NJ 08722
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    • Contact for pricing
      4,510 SF

      Beachwood Commercial Space For Lease

      Main road location suitable for office, storage, and retail.
      451 Atlantic City Blvd, Beachwood, NJ 08722
      View Details
    • Contact for pricing
      12,197 SF

      Beachwood Storefront with Flexible Layout

      Highly visible Beachwood storefront with flexible layout and endless possibilities.
      248 Atlantic City Blvd, Beachwood, NJ 08722
      View Details
    • Contact for pricing
      900 SF

      Beachwood Storefront with Highway Access

      Versatile commercial space in Beachwood, ideal for various businesses.
      104 Beachwood Blvd, Beachwood, NJ 08722
      View Details
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    Beachwood, NJ 08722-2972
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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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    245 Atlantic City Blvd, Beachwood, NJ, 08722
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