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Property profile & analytics
OFF-MARKET
Commercial real estate
285 8th St Ship Bottom, NJ 08008-4604
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1975020
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1929
Construction
FRAME
Total area
2,440 SF
Lot
0.05 ac (2,374 SF)
Zoning code
GC
APN
29 00109-0000-00021
UPID
US59-1975020
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
285 West 8th Street LLC · 4 yrs held
285 West 8th Street LLC
since 2021
Last sale
$450,000
2 recorded transactions
Zoning & alternative use
GC · Ship Bottom, 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 Ship Bottom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ship Bottom 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,177
Tax year 2022
Assessed value
$394,400
Assessed 2023
Previous assessed
$394,400
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$219,500
Assessed improvement
$174,900
Land market value
$219,500
Improvement market value
$174,900
Total market value
$394,400
Applied tax rate
29.0000
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
1929
Construction
FRAME
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Total area
2,440 SF
Lot
0.05 ac (2,374 SF)
Zoning code
GC
APN
29 00109-0000-00021
UPID
US59-1975020
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GC · Ship Bottom, NJ
Zoning GC · permitted uses
GC · Ship Bottom, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ship Bottom. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Construction
FRAME
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
285 West 8th Street LLC
Entity
Mailing address
1111 LONG BCH BLVD, SURF CITY, NJ 08008-5362
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$450,000
285 West 8th Street LLC
Rg Hotaling Ship Bottom LLC
Bargain And Sale Deed
$400,000 · 285 West 8th Street LLC
Oct 7, 2020
—
Rg Hotaling Ship Bottom LLC
Ernest Hotaling
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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