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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Commercial real estate
31 Church St, Little Silver, NJ 07739-1452
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0151257
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
6,480 SF
Lot
0.53 ac (23,072 SF)
Zoning code
4026
APN
25 00038-0000-00009
UPID
US59-0151257
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
-
Gallery Jupiter Inc (Bike/Boat/Book/etc) Store Home Decor Store
-
RE/MAX Synergy Real Estate Agency
-
Linda K O'Connell - Real Estate LTD Real Estate Agency
-
Blue Sage Veterinary Clinic
-
Salon Jenae Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$1.01M
Owner & transaction history
Ralph Merlo JR. · 20 yrs held
Ralph Merlo JR.
since 2006
5 recorded transactions
Zoning & alternative use
4026 · Little Silver, 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 Little Silver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Silver 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%
$1,460,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,600,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$155 / 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
$24,570
Tax year 2022
Assessed value
$1,408,900
Assessed 2023
Previous assessed
$1,408,900
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$900,400
Assessed improvement
$508,500
Land market value
$900,400
Improvement market value
$508,500
Total market value
$1,408,900
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Buildings
1
Stories
2
Total area
6,480 SF
Lot
0.53 ac (23,072 SF)
Zoning code
4026
APN
25 00038-0000-00009
UPID
US59-0151257
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
4026 · Little Silver, NJ
Zoning 4026 · permitted uses
4026 · Little Silver, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Little Silver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.6M
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
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Ralph Merlo JR.
Individual
Free & Clear · 20 yrs held
Mailing address
545 ATLANTIC CITY BLVD, BAYVILLE, NJ 08721-2043
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2006
—
Ralph Merlo JR.
Merlo,muriel
Quit Claim Deed
related
—
Dec 31, 2005
$1,550,000
Merlo Investments LLC
Njmnt LLC
Deed Of Trust
related
$1,200,000 · Two River Community Bank
Mar 27, 2004
$1,075,000
Njmnt LLC
Mcmahon,thomas & Louise
Grant Deed
$806,250 · Two River Community Bank
—
—
Thomas J Mcmahon
—
Deed Of Trust
related
$50,000 · Nicholas A West
—
—
Nhmnt LLC
—
Deed Of Trust
related
$40,000 · Two River Community Bank
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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