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Property profile & analytics
OFF-MARKET
Estimated value
$6,415,000
Commercial real estate
395 Lakeside Blvd, Bayville, NJ 08721-2807
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2035415
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1929
Construction
BRICK
Total area
29,968 SF
Lot
6.09 ac (265,280 SF)
Zoning code
R150
APN
06 00409-0000-00001
UPID
US59-2035415
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
-
Crystal Lake Rehabilitation and Healthcare Center Nursing Home
-
Crystal Lake NH Nursing Home
-
Elizabeth Tiberio Physician
-
Perrin Mark MD Physician
-
Genesis Rehabilitation Services Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.33M
Comparable Approach
Comparable
$6.15M
Blend (final)
Blend
$6.42M
Owner & transaction history
Crystal Spring Center LLC · 2 yrs held
Crystal Spring Center LLC
since 2024
7 recorded transactions
Zoning & alternative use
R150 · Bayville, 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 Bayville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bayville 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%
$5,770,000
6.5%
$5,325,000
7%
$4,945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,130,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,500,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$6.42M
Range $5.77M – $7.06M · ±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
$214 / 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
$182,160
Tax year 2022
Assessed value
$8,000,000
Assessed 2023
Previous assessed
$8,000,000
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$4,000,000
Assessed improvement
$4,000,000
Land market value
$4,000,000
Improvement market value
$4,000,000
Total market value
$8,000,000
Applied tax rate
6.0000
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
1929
Construction
BRICK
Heating
RADIANT
Stories
7
Units
1
Bathrooms
4
Total area
29,968 SF
Lot
6.09 ac (265,280 SF)
Zoning code
R150
APN
06 00409-0000-00001
UPID
US59-2035415
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R150 · Bayville, NJ
Zoning R150 · permitted uses
R150 · Bayville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bayville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1929
Construction
BRICK
Heating
RADIANT
Stories
7
Units
1
Bathrooms
4
Lot
6.09 ac
Current owner
From public records · entity-resolved
Crystal Spring Center LLC
Entity
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
—
Crystal Spring Center LLC
Crystal Care Realty LLC
Lease
—
Sep 21, 2022
—
Crystal Care Realty LLC
—
Deed
related
$46,150,000 · Greystone Servicing Company LLC
Mar 1, 2022
$8,500,000
Crystal Care Realty LLC
Bnj Realty LLC
Deed
$46,150,000 · Greystone Servicing Company LLC
Mar 1, 2022
—
Crystal Care Realty LLC
Bnj Realty LLC
Quit Claim Deed
related
—
Sep 8, 2016
—
Bnj Realty LLC
—
Deed
related
$18,000,000 · Investors Bk
Feb 25, 2013
$14,100,000
Bnj Realty LLC
Lakeside Boulevard Realty LLC
Grant Deed
$12,280,000 · Bank Leumi USA
Feb 1, 1999
$4,250,000
Lakeside Boulevard Realty LLC
Seabrook Center Associates
Grant Deed
$5,400,000 · Amboy National Bank
—
—
Bnj Realty LLC
—
Deed Of Trust
related
$18,000,000 · Investors Bk
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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