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Property profile & analytics
FOR SALE
Commercial real estate
3119 Revere Blvd Brigantine, NJ 08203
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-3156830
For Sale
1 / 43
$1,950,000
3119 Revere Blvd, Brigantine, NJ 08203
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1961
Construction
BRICK
Total area
3,509 SF
Lot
0.27 ac (11,700 SF)
Zoning code
B1
APN
03 02901-0000-00001
UPID
US59-3156830
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
$800k
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$700k
Owner & transaction history
Shore Thing Real Estate LLC · 1 yrs held
Shore Thing Real Estate LLC
since 2025
7 recorded transactions
Zoning & alternative use
B1 · Brigantine, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+118.2%
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 Brigantine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brigantine 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%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$460,000
Current use
OFFICE BUILDING
$1,005,000
Change: +118% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$199 / 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
$15,779
Tax year 2022
Assessed value
$908,400
Assessed 2023
Previous assessed
$908,400
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$324,200
Assessed improvement
$584,200
Land market value
$324,200
Improvement market value
$584,200
Total market value
$908,400
Applied tax rate
3.0000
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
For Sale
Year built
1961
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
3,509 SF
Lot
0.27 ac (11,700 SF)
Zoning code
B1
APN
03 02901-0000-00001
UPID
US59-3156830
Jurisdiction
ATLANTIC
Zoning & alternative use
B1 · Brigantine, NJ
Zoning B1 · permitted uses
B1 · Brigantine, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brigantine. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$460,000
OFFICE BUILDING
Est. value
$1.0M
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
Year built
1961
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Shore Thing Real Estate LLC
Entity
Mailing address
3119 REVERE BLVD, BRIGANTINE, NJ 08203-1049
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
$1,600,000
Shore Thing Real Estate LLC
Bayside 44 LLC
Deed
$1,400,000 · Fulton Bank NA
Apr 4, 2016
$1,550,000
Bayside 44 LLC
Louis Palena
Bargain And Sale Deed
$1,575,000 · Republic First Bank
Feb 6, 2012
$985,000
Louis Palena
Revere 3119 Properties LLC
Grant Deed
$1,958,182 · Michael Snyder
Mar 20, 2009
$582,000
Revere 3119 LLC
3119 Revere Blvd LLC
Grant Deed
related
—
Jun 16, 2003
$450,000
3119 Revere Boulevard LLC
Esdale,kenneth
Grant Deed
$337,500 · Cape Savings Bank
Dec 28, 2001
$151,000
Kenneth Esdale
Fleet National Bank
Grant Deed
—
May 17, 1995
$396,000
Collective Bank
Sovereign Bank
Grant Deed
related
—
Dec 11, 1993
$396,000
Fed Savings First
Tr,resolution
Grant Deed
related
—
Dec 11, 1992
$396,000
Fed Savings First
Tr,resolution
Grant Deed
related
—
Dec 9, 1992
$396,180
First Federal Saving Bank Of De
Unknown
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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