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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Residential income homes
392 Sairs Ave Long Branch, NJ 07740-5712
Individually Owned
30-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1528679
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1907
Total area
4,524 SF
Lot
0.7 ac (30,591 SF)
Zoning code
R-4
APN
27 00154-0000-00005
UPID
US59-1528679
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$740k
Owner & transaction history
THOMAS SKOVE
THOMAS SKOVE
Zoning & alternative use
R-4 · Long Branch, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
One-family homes in accordance with the regulations of the R-4 District regulations. (2) Home professional offices. (3) Professional offices. (4) Home occupation. (5) Funeral home. (6) Municipal buildings, parks and playgrounds. (7) Temporary buildings for uses incidental to construction work, provided that such buildings are removed upon completion and aban…
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
723.65 ac
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
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
APARTMENT HOUSE (5+ UNITS)
$1,195,000
Current use
OFFICE BUILDING
$1,115,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,085,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$164 / 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
$8,468
Tax year 2022
Assessed value
$527,300
Assessed 2023
Previous assessed
$527,300
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$102,700
Assessed improvement
$424,600
Land market value
$102,700
Improvement market value
$424,600
Total market value
$527,300
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1907
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
16
Bathrooms
5
Total area
4,524 SF
Lot
0.7 ac (30,591 SF)
Zoning code
R-4
APN
27 00154-0000-00005
UPID
US59-1528679
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Long Branch, NJZoning R-4 · permitted uses
R-4 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
One-family homes in accordance with the regulations of the R-4 District regulations. (2) Home professional offices. (3) Professional offices. (4) Home occupation. (5) Funeral home. (6) Municipal buildings, parks and playgrounds. (7) Temporary buildings for uses incidental to construction work, provided that such buildings are removed upon completion and abandonment of the construction work. B. Permitted accessory uses. Permitted accessory uses shall be as specified in the C-1 Commercial District, § 345-30B . C. Area and bulk requirements. Area and bulk requirements shall be as specified in § 345-7 . [1] [1]
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
723.65 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1907
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
16
Bathrooms
5
Lot
0.7 ac
Current owner
From public records · entity-resolved
THOMAS SKOVE
Individual
Free & Clear · 0 yrs held
Mailing address
245 BATH AVE, LONG BRANCH, NJ 07740-6195
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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