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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Commercial real estate
415 Broadway Long Branch, NJ 07740-5912
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0931057
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1890
Total area
4,579 SF
Lot
0.41 ac (17,934 SF)
Zoning code
C-2
APN
27 00265-0000-00007
UPID
US59-0931057
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
$950k
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$720k
Owner & transaction history
City Of Long Branch · 1 yrs held
City Of Long Branch
since 2024
6 recorded transactions
Zoning & alternative use
C-2 · Long Branch, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District. § 345-26 R-7 Riverfront Mixed Residential District. § 345-27 (Reserved) § 345-28 RC-1 Beachfront Mixed. § 345-29 RC-2 Riverfront Residential Commercial Zone. § 345-30 C-1 Central Commercial District. § 345-31 C-2 Professional Office and Related Services District. § 345-32 C-3 Neighborhood Commercial District. § 345-32.1 West End Design Overlay (WED…
Zone name
Professional Office Related Services
General category
COMMERCIAL
Zone area
20.74 ac
Top alternative use upside
Office building
$1.1M
+3.0%
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%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Current use
OFFICE BUILDING
$1,130,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$157 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,214
Tax year 2023
Assessed value
$803,200
Assessed 2024
Previous assessed
$803,200
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$493,100
Assessed improvement
$310,100
Land market value
$493,100
Improvement market value
$310,100
Total market value
$803,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1890
Heating
NONE
Buildings
1
Total area
4,579 SF
Lot
0.41 ac (17,934 SF)
Zoning code
C-2
APN
27 00265-0000-00007
UPID
US59-0931057
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Long Branch, NJZoning C-2 · permitted uses
C-2 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District. § 345-26 R-7 Riverfront Mixed Residential District. § 345-27 (Reserved) § 345-28 RC-1 Beachfront Mixed. § 345-29 RC-2 Riverfront Residential Commercial Zone. § 345-30 C-1 Central Commercial District. § 345-31 C-2 Professional Office and Related Services District. § 345-32 C-3 Neighborhood Commercial District. § 345-32.1 West End Design Overlay (WEDO) District regulations. § 345-33 C-4 Resort Commercial District. § 345-34 I - Ind
Zone name
Professional Office Related Services
General category
COMMERCIAL
Zone area
20.74 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
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
1890
Heating
NONE
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
City Of Long Branch
Entity
Free & Clear · 1 yrs held
Mailing address
344 BROADWAY AVE, LONG BRANCH, NJ 07740-6938
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
—
Oliveira Silvio
—
Deed
related
$813,798 · Rocket Mortgage LLC
Oct 3, 2024
—
City Of Long Branch
Silvio M Oliveira
Deed
—
Sep 25, 2023
$803,133
Silvio M Oliveira
Virginia M Hoffman
Deed
$829,635 · Fairway Independent Mortgage Corp
Oct 8, 2021
—
Virginia M Hoffman
Virginia M Hoffman
Intrafamily Transfer
related
—
—
—
George P Hoffman
—
Deed Of Trust
related
$50,000 · Investors Savings Bank Fsb
—
—
George P Hoffman
—
Deed Of Trust
related
$40,000 · Investors Savings Bank Fsb
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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