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Property profile & analytics
OFF-MARKET
Commercial real estate
308 State Rte 71 Spring Lake, NJ 07762-1829
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1977667
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1892
Total area
2,580 SF
Lot
0.45 ac (19,800 SF)
Zoning code
B-2
APN
48 00035-0000-00050
UPID
US59-1977667
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
308 Route 71 LLC · 6 yrs held
308 Route 71 LLC
since 2020
7 recorded transactions
Zoning & alternative use
B-2 · Spring Lake, 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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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
$10,032
Tax year 2022
Assessed value
$830,400
Assessed 2023
Previous assessed
$830,400
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$665,500
Assessed improvement
$164,900
Land market value
$665,500
Improvement market value
$164,900
Total market value
$830,400
Applied tax rate
48.0000
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
1892
Heating
NONE
Buildings
1
Total area
2,580 SF
Lot
0.45 ac (19,800 SF)
Zoning code
B-2
APN
48 00035-0000-00050
UPID
US59-1977667
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Spring Lake, NJ
Zoning B-2 · permitted uses
B-2 · Spring Lake, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1892
Heating
NONE
Buildings
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
308 Route 71 LLC
Entity
Mailing address
308 STATE RTE 71, SPRING LAKE, NJ 07762-1829
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2020
—
308 Route 71 LLC
—
Deed
related
$490,000 · Manasquan Bk
Mar 24, 2020
—
308 Route 71 LLC
William Kurtz
Grant Deed
related
—
Oct 11, 2019
$457,000
William Kurtz
Federal Home Loan Mtg Corp
Grant Deed
—
Sep 21, 2018
$1,000
Federal Home Loan Mtg Corp
Sheriff Of Monmouth County|monroe,michael & Dawn
Trustees Deed
related
—
Mar 7, 2006
—
Michael Monroe
Monroe,michael
Quit Claim Deed
related
—
—
—
Michael Monroe
—
Deed Of Trust
related
$87,000 · Flagstar Bank Fsb
—
—
Michael J Monroe
—
Deed Of Trust
related
$351,000 · Mortgage Now INC
—
—
308 Route 71 LLC
—
Deed Of Trust
related
$490,000 · Manasquan Bk
—
—
Michael Monroe
—
Deed Of Trust
related
$417,000 · Mortgage Now INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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