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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Banks
2500 Hwy 35 Manasquan, NJ 08736-1902
Entity Owned
19-yr Hold
Free & Clear
Property ID
US59-0638445
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1973
Total area
6,953 SF
Lot
3.63 ac (158,123 SF)
Zoning code
OP-2
APN
52 00337-0000-00025
UPID
US59-0638445
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$630k
Owner & transaction history
Jp Morgan Chase Bank NA · 19 yrs held
Jp Morgan Chase Bank NA
since 2006
1 recorded transaction
Zoning & alternative use
OP-2 · Manasquan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+25.0%
Apartment house (5+ units)
$910,000
+9.5%
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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$830,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$910,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$755,000
Change: -9% · Conversion: Difficult
RESTAURANT
$705,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$700,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
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
$91 / 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
$49,692
Tax year 2022
Assessed value
$2,469,800
Assessed 2023
Previous assessed
$2,469,800
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$980,100
Assessed improvement
$1,489,700
Land market value
$980,100
Improvement market value
$1,489,700
Total market value
$2,469,800
Applied tax rate
52.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
1
Units
1
Total area
6,953 SF
Lot
3.63 ac (158,123 SF)
Zoning code
OP-2
APN
52 00337-0000-00025
UPID
US59-0638445
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP-2 · Manasquan, NJ
Zoning OP-2 · permitted uses
OP-2 · Manasquan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manasquan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$755,000
RESTAURANT
Est. value
$705,000
RETAIL STORES
Est. value
$700,000
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1973
Heating
NONE
Buildings
1
Units
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
Jp Morgan Chase Bank NA
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 810490, DALLAS, TX 75381-0490
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2006
$2,625,000
Jp Morgan Chase Bank NA
Bank Of New York
Grant 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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