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Property profile & analytics
OFF-MARKET
Estimated value
$41,095,000
Commercial real estate
297 Rte 72nd W Manahawkin, NJ 08050-2890
Entity Owned
Free & Clear
Property ID
US59-2158259
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
271,638 SF
Lot
30 ac (1,306,669 SF)
Zoning code
HC
APN
31 00120- 31-00038- 01
UPID
US59-2158259
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
by Request
CAP Approach
CAP
$48.27M
Comparable Approach
Comparable
$45.85M
Blend (final)
Blend
$41.10M
Owner & transaction history
Jajb Properties LLC
Jajb Properties LLC
since 2025
6 recorded transactions
Zoning & alternative use
HC · Manahawkin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$64.6M
+11.4%
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 Manahawkin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manahawkin 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
by Request
CAP Approach
CAP Return
Estimation
6%
$52,290,000
6.5%
$48,270,000
7%
$44,820,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$57,955,000
Current use
OFFICE BUILDING
$64,570,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$41.10M
Range $36.99M – $45.20M · ±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
$151 / 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
$784,944
Tax year 2022
Assessed value
$33,345,100
Assessed 2023
Previous assessed
$33,345,100
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$7,068,800
Assessed improvement
$26,276,300
Land market value
$7,068,800
Improvement market value
$26,276,300
Total market value
$33,345,100
Applied tax rate
31.0000
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
Heating
NONE
Units
1
Total area
271,638 SF
Lot
30 ac (1,306,669 SF)
Zoning code
HC
APN
31 00120- 31-00038- 01
UPID
US59-2158259
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HC · Manahawkin, NJ
Zoning HC · permitted uses
HC · Manahawkin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manahawkin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$58.0M
OFFICE BUILDING
Est. value
$64.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
Heating
NONE
Units
1
Lot
30 ac
Current owner
From public records · entity-resolved
Jajb Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 384, SHORT HILLS, NJ 07078-0384
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
Jajb Properties LLC
Jajb Properties LLC
Deed
related
—
Oct 18, 2021
$45,000
Jajb Properties LLC
Ty Brady
Deed
—
Dec 17, 2010
—
72 Associates LLC
72 Associates LLC
Quit Claim Deed
related
—
Nov 15, 2010
—
72 Associates LLC
72 Assocs LLC
Quit Claim Deed
related
—
—
—
72 Associates LLC
—
Deed Of Trust
related
$4,922,948 · Vnb Capital Corp
—
—
Kgm-gte INC
—
Deed Of Trust
related
$860,000 · Bank Of America
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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