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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Commercial real estate
37 Ctr Ave Atlantic Highlands, NJ 07716-2808
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0341576
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
7,672 SF
Lot
0.45 ac (19,429 SF)
Zoning code
L-M
APN
05 00121-0000-00003
UPID
US59-0341576
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
-
Sandy Hook Oil Big Box & Wholesale Store
-
Swanton Energy Services Hardware & Home Improvement HVAC Service
-
Bayside Discount Fuel Co Fuel Supplier
-
Del Rosso Fuel Oil Fuel Supplier
-
Moretti Electrical Contractors Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$925k
Owner & transaction history
Center Avenue Properties LLC · 4 yrs held
Center Avenue Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
L-M · Atlantic Highlands, 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 Atlantic Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic Highlands 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,505,000
Current use
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$121 / 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
$14,961
Tax year 2022
Assessed value
$871,700
Assessed 2023
Previous assessed
$871,700
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$436,800
Assessed improvement
$434,900
Land market value
$436,800
Improvement market value
$434,900
Total market value
$871,700
Applied tax rate
5.0000
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
Heating
NONE
Buildings
1
Total area
7,672 SF
Lot
0.45 ac (19,429 SF)
Zoning code
L-M
APN
05 00121-0000-00003
UPID
US59-0341576
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
L-M · Atlantic Highlands, NJ
Zoning L-M · permitted uses
L-M · Atlantic Highlands, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic Highlands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
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
Heating
NONE
Buildings
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Center Avenue Properties LLC
Entity
Mailing address
44 E GARFIELD AVE, ATLANTIC HIGHLANDS, NJ 07716-1426
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
—
Center Avenue Properties LLC
—
Deed
related
$350,000 · Manasquan Bank
Apr 18, 2019
—
Center Avenue Properties LLC
—
Deed
related
$125,000 · Two River Cmnty Bk
Jun 12, 2017
—
Center Avenue Properties LLC
—
Deed
related
$190,000 · Two River Cmnty Bk
—
—
Center Avenue Properties LLC
—
Deed Of Trust
related
$440,000 · Two River Community Bank
—
—
Center Avenue Properties LLC
—
Deed Of Trust
related
$125,000 · Two River Cmnty Bk
—
—
Center Avenue Properties LLC
—
Deed Of Trust
related
$280,000 · Two River Cmnty Bk
—
—
Center Avenue Properties LLC
—
Deed Of Trust
related
$75,000 · Two River Community Bank
—
—
Center Avenue Properties LLC
—
Deed Of Trust
related
$190,000 · Two River Cmnty Bk
—
—
Center Avenue Properties LLC
—
Deed Of Trust
related
$725,000 · 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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