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Property profile & analytics
FOR SALE
Commercial real estate
32 Embury Ave Ocean Grove, NJ 07756
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2949340
For Sale
1 / 34
$1,999,000
32 Embury Ave, Ocean Grove, NJ 07756
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
4,314 SF
Lot
0.04 ac (1,920 SF)
Zoning code
HD-O
APN
35 00228-0000-00005
UPID
US59-2949340
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
-
Serenity Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$400k
Blend (final)
Blend
$650k
Owner & transaction history
Monmouth County · 9 yrs held
Monmouth County
since 2017
7 recorded transactions
Zoning & alternative use
HD-O · Ocean Grove, 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 Ocean Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Grove 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%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,065,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$15,729
Tax year 2022
Assessed value
$1,049,300
Assessed 2023
Previous assessed
$1,049,300
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$652,100
Assessed improvement
$397,200
Land market value
$652,100
Improvement market value
$397,200
Total market value
$1,049,300
Applied tax rate
35.0000
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
For Sale
Year built
1900
Heating
NONE
Buildings
1
Stories
1
Total area
4,314 SF
Lot
0.04 ac (1,920 SF)
Zoning code
HD-O
APN
35 00228-0000-00005
UPID
US59-2949340
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HD-O · Ocean Grove, NJZoning HD-O · permitted uses
HD-O · Ocean Grove, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
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
1900
Heating
NONE
Stories
1
Buildings
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Monmouth County
Entity
Mailing address
31 MARSHALL DR, OCEAN, NJ 07712-3704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
Serenity Inn Corp
—
Deed
related
$523,791 · Freehold Svgs Bk
Apr 12, 2017
—
Serenity Inn Corp
—
Deed
related
$457,388 · New Jersey Cmnty Bk
Mar 15, 2017
—
Monmouth County
Olea,ignacio
Grant Deed
related
—
Sep 9, 2016
—
Serenity Inn Corp
—
Deed
related
$485,714 · New Jersey Cmnty Bk
Sep 23, 2013
—
Ignacio Olea
Perez,elva
Quit Claim Deed
related
—
Dec 9, 2009
—
Monmouth Cnty Hm First-time Bu
Olea,ignacio
Grant Deed
related
—
Sep 1, 2009
$220,000
Ignacio Olea
Lawson,james L JR
Grant Deed
$216,000 · Weichert Financial Services
Apr 2, 2009
$90,000
James Lawson
Dwek Homes LLC
Quit Claim Deed
related
$66,500 · Columbia Bank
Mar 28, 2005
$260,000
Dwek Homes LLC
Toran,godfrey S & Beatrice L
Grant Deed
—
—
—
Serenity Inn Corp
—
Loan Modification
related
$356,129 · New Jersey Cmnty Bk
—
—
James Lawson
—
Deed Of Trust
related
$149,500 · Columbia Bank
—
—
Serenity Inn Corp
—
Deed Of Trust
related
$485,714 · New Jersey Cmnty Bk
—
—
Serenity Inn Corp
—
Loan Modification
related
$457,388 · New Jersey Cmnty Bk
—
—
Serenity Inn Corp
—
Deed Of Trust
related
$523,791 · Freehold Svgs Bk
—
—
Godfrey S Toran
—
Deed Of Trust
related
$145,000 · Stanley Capital Mortgage Co
—
—
Serenity Inn Corp
—
Deed Of Trust
related
$250,000 · Central Jersey Bk
—
—
Ignacio Olea
—
Deed Of Trust
related
$10,000 · Monmouth County Home First-tim
—
—
Serenity Inn Corp
—
Deed Of Trust
related
$350,000 · New Jersey Cmnty Bk
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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