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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Commercial real estate
3828 Riv Rd Point Pleasant Boro, NJ 08742-2054
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0074821
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
FRAME
Total area
1,485 SF
Lot
0.4 ac (17,337 SF)
Zoning code
R75
APN
07 01320-0000-00019
UPID
US59-0074821
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
-
Akertect Design - Architecture Architecture Firm Architect
-
Campisano Marine (Bike/Boat/Book/etc) Store
-
The Thomas Hugh Martin Law Firm Law Firm
-
Campisano Marine Insurance (Bike/Boat/Book/etc) Store
-
J A Campisano Insurance Agency, Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$324k
Blend (final)
Blend
$535k
Owner & transaction history
Akertect Properties LLC · 3 yrs held
Akertect Properties LLC
since 2023
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
R75 · Point Pleasant Boro, 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 Point Pleasant Boro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Point Pleasant Boro 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
$545,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$410,000
Current use
OFFICE BUILDING
$355,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $540k (Feb 1 2023)
Last sale anchor
$540k
Feb 1 2023
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
$360 / 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
$6,353
Tax year 2022
Assessed value
$259,000
Assessed 2023
Previous assessed
$259,000
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$106,900
Assessed improvement
$152,100
Land market value
$106,900
Improvement market value
$152,100
Total market value
$259,000
Applied tax rate
7.0000
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
1960
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
1,485 SF
Lot
0.4 ac (17,337 SF)
Zoning code
R75
APN
07 01320-0000-00019
UPID
US59-0074821
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R75 · Point Pleasant Boro, NJ
Zoning R75 · permitted uses
R75 · Point Pleasant Boro, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Point Pleasant Boro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$410,000
OFFICE BUILDING
Est. value
$355,000
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
1960
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Akertect Properties LLC
Entity
Mailing address
1648 OLD FRG POND RD, BRICK, NJ
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$540,000
Akertect Properties LLC
Howard S Teitelbaum
Deed
$432,000 · Manasquan Bank
Apr 29, 2021
—
Howard S Teitelbaum
Howard S Teitelbaum
Intrafamily Transfer
related
—
Aug 1, 2017
$432,500
Howard S Teitelbaum
Loka Associates LLC
Grant Deed
—
Jun 24, 2009
$275,000
Loka Associates LLC
Rymeg LLC
Grant Deed
$220,000 · Manasquan Savings Bank
Jan 12, 2007
—
Rymeg LLC
Kennedy Law Firm LLC
Grant Deed
related
—
Jun 16, 2005
$28,000
State Of New Jersey Dept/transpor
Kennedy Law Firm LLC
Grant Deed
—
Mar 31, 2003
$279,000
Kennedy Law Firm LLC
Coastal Investment Group LLC
Grant Deed
$159,000 · Wachovia Bank NA
Jul 13, 2001
$165,000
Coastal Investment Group LLC
Tinkle Associates
Grant Deed
—
—
—
Loka Associates LLC
—
Deed Of Trust
related
$320,000 · Manasquan Savings Bank
—
—
Kennedy Law Firm LLC
—
Deed Of Trust
related
$223,200 · Wachovia Bank NA
—
—
Loka Associates LLC
—
Deed Of Trust
related
$94,500 · Manasquan Savings Bank
—
—
Loka Associates LLC
—
Deed Of Trust
related
$50,000 · Manasquan Savings 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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