Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Commercial real estate
2688 Dune Dr Avalon, NJ 08202-1903
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0059221
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
2,380 SF
Lot
0.31 ac (13,652 SF)
Zoning code
B-1
APN
01 00026- 04-00043- 01
UPID
US59-0059221
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
Current use
Occupant on record · Public records
-
Black Cactus of Avalon Restaurant
-
Coldwell Banker- Otton Real Estate Real Estate Agency
-
Coldwell Banker: William Albrecht Real Estate Agency
-
Coldwell Banker James C. Otton Real Estate, Inc. Real Estate Agency
-
Coldwell Banker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
2688 Dune Drive LLC · 3 yrs held
2688 Dune Drive LLC
since 2023
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
B-1 · Avalon, 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 Avalon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avalon 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
$3,035,000
ML approach
$3,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $3.10M (Jun 6 2023)
Last sale anchor
$3.10M
Jun 6 2023
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
$1,288 / 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
$10,659
Tax year 2022
Assessed value
$1,876,500
Assessed 2023
Previous assessed
$1,876,500
+0.0% YoY
Effective rate
0.57%
On assessed value
Assessed land
$1,776,500
Assessed improvement
$100,000
Land market value
$1,776,500
Improvement market value
$100,000
Total market value
$1,876,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,380 SF
Lot
0.31 ac (13,652 SF)
Zoning code
B-1
APN
01 00026- 04-00043- 01
UPID
US59-0059221
Jurisdiction
CAPE MAY
Zoning & alternative use
B-1 · Avalon, NJ
Zoning B-1 · permitted uses
B-1 · Avalon, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avalon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
2688 Dune Drive LLC
Entity
Free & Clear · 3 yrs held
Mailing address
9913 SUNSET DR, STONE HARBOR, NJ 08247-1323
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
—
2688 Dune Drive LLC
—
Deed
related
$650,000 · Linkbank
Jun 6, 2023
—
2688 Dune Drive LLC
2688 Dune Drive LLC
Deed
related
—
Oct 7, 2022
—
2688 Dune Drive LLC
—
Deed
related
$2,565,000 · Liberty Bell Bank
Jan 10, 2022
$3,100,000
2688 Dune Drive LLC
Cunnigham Family LP
Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2688 Dune Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
