Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Bars & Pubs
34 Carr Ave Keansburg, NJ 07734
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-2927156
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
4,136 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B-2
APN
23 00013-0000-00003
UPID
US59-2927156
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
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Carr Enterprises LLC · 4 yrs held
Carr Enterprises LLC
since 2021
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
B-2 · Keansburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B-2 Mixed Use Commercial and Residential Zone District B-3 Highway Commercial Zone District LI Light Industrial Zone District CR Conservation Recreation Overlay District b. The regulations set forth in this Chapter for each district shall be minimum regulations and shall apply uniformly to each class of structure or land within the district, except as herein…
Zone name
Mixed Use Commercial And Residential
General category
MIXED_USE
Zone area
51.72 ac
Top alternative use upside
Office building
$810,000
+92.5%
Auto repair, garage
$620,000
+47.3%
Commercial (general)
$535,000
+27.7%
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 Keansburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keansburg 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
$735,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$420,000
Current use
OFFICE BUILDING
$810,000
Change: +92% · Conversion: Moderate
AUTO REPAIR, GARAGE
$620,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: +28% · Conversion: Easy
RETAIL STORES
$415,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $600k (Jun 17 2021)
Last sale anchor
$600k
Jun 17 2021
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
$160 / 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
$7,457
Tax year 2022
Assessed value
$304,100
Assessed 2023
Previous assessed
$304,100
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$112,800
Assessed improvement
$191,300
Land market value
$112,800
Improvement market value
$191,300
Total market value
$304,100
Applied tax rate
23.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
4,136 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B-2
APN
23 00013-0000-00003
UPID
US59-2927156
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Keansburg, NJZoning B-2 · permitted uses
B-2 · Keansburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B-2 Mixed Use Commercial and Residential Zone District B-3 Highway Commercial Zone District LI Light Industrial Zone District CR Conservation Recreation Overlay District b. The regulations set forth in this Chapter for each district shall be minimum regulations and shall apply uniformly to each class of structure or land within the district, except as hereinafter provided. c. No building or structures shall hereafter be erected and no existing building or structure shall be moved, altered, added to or enlarged, nor shall any land or building or portion of a building or structure to be used, designed, or arranged to be used for any purpose unless in conformity with all of the regulations herein specified for the district in which is it located. d. Every principal building shall be located on a lot as defined in this Chapter. Except for multi-family and nonresidential uses no more than one principal building and its accessory buildings shall hereafter be erected on any one lot. e. No yard or lot existing at the time of passage of this Chapter shall be reduced in dimension or area below the minimum requirements set forth herein. Yards or lots created after the effective date of this Chapter shall meet the minimum requirements established by this Chapter.
Zone name
Mixed Use Commercial And Residential
General category
MIXED_USE
Zone area
51.72 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$420,000
OFFICE BUILDING
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$535,000
RETAIL STORES
Est. value
$415,000
RESTAURANT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Carr Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
513 COOKMAN AVE, ASBURY PARK, NJ 07712-7101
Ownership since
2021
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
Aug 17, 2021
$600,000
Carr Enterprises LLC
34 Carr LLC
Re-recorded Document
related
—
Jun 17, 2021
$600,000
Carr Enterprises LLC
34 Carr LLC
Deed
—
May 8, 2019
$240,000
34 Carr LLC
Charlies Place II LLC
Grant Deed
—
Aug 3, 2012
$145,000
Charliess Place II LLC
Belmont Bar & Grill INC
Grant Deed
—
May 31, 2005
$138,000
Belmont Bar & Grill INC
Cheryl Ann INC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 34 Carr Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
