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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Commercial real estate
3001-03 Lakewood Rd Point Pleasant Boro, NJ 08742
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1331151
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1949
Construction
FRAME
Total area
8,800 SF
Lot
0.34 ac (15,000 SF)
Zoning code
GC
APN
25 00053-0000-00004
UPID
US59-1331151
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
$1.36M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.32M
Owner & transaction history
Bugun Limited Liability Company · 2 yrs held
Bugun Limited Liability Company
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
GC · Point Pleasant Boro, 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 Point Pleasant Boro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Point Pleasant Boro 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
$1,310,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
$1,695,000
6.5%
$1,565,000
7%
$1,450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,090,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.30M (Aug 8 2023)
Last sale anchor
$1.30M
Aug 8 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
$149 / 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
$23,408
Tax year 2022
Assessed value
$1,093,300
Assessed 2023
Previous assessed
$1,093,300
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$417,000
Assessed improvement
$676,300
Land market value
$417,000
Improvement market value
$676,300
Total market value
$1,093,300
Applied tax rate
25.0000
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
1949
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
8,800 SF
Lot
0.34 ac (15,000 SF)
Zoning code
GC
APN
25 00053-0000-00004
UPID
US59-1331151
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GC · Point Pleasant Boro, NJ
Zoning GC · permitted uses
GC · Point Pleasant Boro, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Point Pleasant Boro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.1M
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
Year built
1949
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Bugun Limited Liability Company
Entity
Mailing address
3001 RTE 88TH #3, POINT PLEASANT BORO, NJ 08742-2843
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
$1,300,000
Bugun Limited Liability Company
Barons Real Estate Holdings LLC
Deed
$975,000 · Oceanfirst Bank
Oct 20, 2015
$1,200,000
Barons Real Estate Holdings LLC
Park Point Investors LLC
Deed
$960,000 · Oceanfirst Bank
May 11, 2015
$100
Park Point Investors LLC
Sheriff Of Ocean County|batitsas Steve
Trustees Deed
related
—
Aug 27, 2007
$1,100,000
Steven Batitsas
Momentum Properties II LLC
Grant Deed
$675,000 · Lyons Mortgage Services INC
Oct 16, 2002
—
Momentum Properties I LLC
Oram,lance K
Grant Deed
related
—
May 10, 1988
$575,000
Dorothy Schulze
Unknown
Grant Deed
—
—
—
Momentum Properties LLC
—
Deed Of Trust
related
$970,000 · Oceanfirst Bank
—
—
Steven Batitsas
—
Deed Of Trust
related
$407,475 · Momentum Properties LLC
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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