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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Commercial real estate
348 Joline Ave Long Branch, NJ 07740-7179
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0438007
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
4,554 SF
Lot
0.25 ac (11,042 SF)
Zoning code
R-5
APN
27 00325-0000-00032
UPID
US59-0438007
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
$990k
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$990k
Owner & transaction history
Wp Property LLC · 2 yrs held
Wp Property LLC
since 2024
Last sale
$990,000
6 recorded transactions
Zoning & alternative use
R-5 · Long Branch, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
5-20 R-1 Residential District. § 345-21 R-2 Residential District. § 345-21.1 Non-Profit Institute of Higher Learning Overlay District (MUO). § 345-22 R-3 Residential District. § 345-23 R-4 Residential District. § 345-24 R-5 Residential District. § 345-25 R-6 Residential District. § 345-26 R-7 Riverfront Mixed Residential District. § 345-27 (Reserved) § 345-2…
Zone name
One To Four Family And Townhouse Residential
General category
RESIDENTIAL
Zone area
394.17 ac
Top alternative use upside
Office building
$1.1M
+3.0%
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 Long Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Branch 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
$990,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,090,000
Current use
OFFICE BUILDING
$1,125,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $990k (Jun 18 2024)
Last sale anchor
$990k
Jun 18 2024
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
$217 / 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
$8,454
Tax year 2022
Assessed value
$514,300
Assessed 2023
Previous assessed
$514,300
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$128,800
Assessed improvement
$385,500
Land market value
$128,800
Improvement market value
$385,500
Total market value
$514,300
Applied tax rate
27.0000
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
1920
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
1
Stories
1
Total area
4,554 SF
Lot
0.25 ac (11,042 SF)
Zoning code
R-5
APN
27 00325-0000-00032
UPID
US59-0438007
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-5 · Long Branch, NJZoning R-5 · permitted uses
R-5 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
5-20 R-1 Residential District. § 345-21 R-2 Residential District. § 345-21.1 Non-Profit Institute of Higher Learning Overlay District (MUO). § 345-22 R-3 Residential District. § 345-23 R-4 Residential District. § 345-24 R-5 Residential District. § 345-25 R-6 Residential District. § 345-26 R-7 Riverfront Mixed Residential District. § 345-27 (Reserved) § 345-28 RC-1 Beachfront Mixed. § 345-29 RC-2 Riverfront Residential Commercial Zone. § 34
Zone name
One To Four Family And Townhouse Residential
General category
RESIDENTIAL
Zone area
394.17 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
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
1920
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Wp Property LLC
Entity
Mailing address
348 JOLINE AVE, LONG BRANCH, NJ 07740-7179
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
$990,000
Wp Property LLC
Ciro Barone
Deed
$800,000 · Ciro Barone
Apr 3, 2018
—
Ciroe Barone
Afasano,carmela
Grant Deed
related
—
Jul 9, 2014
—
Carmela Afasano
Barone,ciro
Grant Deed
related
—
Dec 19, 2011
—
Ciro Barone
Barone,ciro
Quit Claim Deed
related
—
Dec 6, 2011
—
Ciro Barone
Barone,ciro
Quit Claim Deed
related
—
—
—
Ciro Barone
—
Deed Of Trust
related
$250,000 · Td Bank NA
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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