Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial real estate
405 State Rte 71 Spring Lake, NJ 07762-1830
Entity Owned
20-yr Hold
Free & Clear
Property ID
US59-0757436
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
3,404 SF
Lot
0.69 ac (30,000 SF)
Zoning code
R-2
APN
48 00034-0000-00044
UPID
US59-0757436
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
$395k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$545k
Owner & transaction history
Pnc Bank NA · 20 yrs held
Pnc Bank NA
since 2005
1 recorded transaction
Zoning & alternative use
R-2 · Spring Lake, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
itions. Article III Zoning District and Zoning Map § 225-8 Zoning districts. § 225-9 Zoning Map. § 225-10 Interpretation of boundaries. Article IV District Regulations § 225-11 Conformance with provisions. § 225-12 R-1, R-2 and R-3 Residential. § 225-13 RC Retail Commercial and GC General Commercial. § 225-14 CS-SC Common Services Residence Senior Citizen Di…
Zone name
Single Family Residential 7500 Square Feet Per Dwelling Unit
General category
RESIDENTIAL
Zone area
372.27 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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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
$395,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$160 / 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
$21,107
Tax year 2022
Assessed value
$1,733,900
Assessed 2023
Previous assessed
$1,733,900
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$937,500
Assessed improvement
$796,400
Land market value
$937,500
Improvement market value
$796,400
Total market value
$1,733,900
Applied tax rate
48.0000
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
2006
Heating
NONE
Buildings
1
Total area
3,404 SF
Lot
0.69 ac (30,000 SF)
Zoning code
R-2
APN
48 00034-0000-00044
UPID
US59-0757436
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Spring Lake, NJZoning R-2 · permitted uses
R-2 · Spring Lake, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
itions. Article III Zoning District and Zoning Map § 225-8 Zoning districts. § 225-9 Zoning Map. § 225-10 Interpretation of boundaries. Article IV District Regulations § 225-11 Conformance with provisions. § 225-12 R-1, R-2 and R-3 Residential. § 225-13 RC Retail Commercial and GC General Commercial. § 225-14 CS-SC Common Services Residence Senior Citizen District. § 225-14.1 Affordable Housing Overlay Zone. § 225-14.2 MUAHCZ - Mixed Use A
Zone name
Single Family Residential 7500 Square Feet Per Dwelling Unit
General category
RESIDENTIAL
Zone area
372.27 ac
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Buildings
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Pnc Bank NA
Entity
Free & Clear · 20 yrs held
Mailing address
300 5TH AVE, PITTSBURGH, PA 15222-2401
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2005
$2,150,000
Pnc Bank NA
Boyan Co LLC
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 405 State Rte 71?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
