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Property profile & analytics
FOR LEASE
Commercial real estate
44 Manchester Ave, Forked River, NJ 08731
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0750434
For Lease
1 / 2
$18 SF/Yr
44 Manchester Ave, Forked River, NJ 08731
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Lot
3.33 ac (144,900 SF)
Zoning code
C300
APN
13 01665- 01-00001- 02
UPID
US59-0750434
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
$8.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.30M
Owner & transaction history
34 44 Manchester Ave LLC · 4 yrs held
34 44 Manchester Ave LLC
since 2021
Last sale
$7.6M
3 recorded transactions
Zoning & alternative use
C300 · Forked River, 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 Forked River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forked River 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
$9,065,000
ML approach
$8,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.30M
Range $7.47M – $9.12M · ±10% · vs last sale $7.60M (Dec 13 2021)
Last sale anchor
$7.60M
Dec 13 2021
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
—
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
$53,769
Tax year 2022
Assessed value
$2,376,000
Assessed 2023
Previous assessed
$2,376,000
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$897,000
Assessed improvement
$1,479,000
Land market value
$897,000
Improvement market value
$1,479,000
Total market value
$2,376,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Lease
Year built
2006
Heating
NONE
Units
1
Lot
3.33 ac (144,900 SF)
Zoning code
C300
APN
13 01665- 01-00001- 02
UPID
US59-0750434
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C300 · Forked River, NJ
Zoning C300 · permitted uses
C300 · Forked River, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forked River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Units
1
Lot
3.33 ac
Current owner
From public records · entity-resolved
34 44 Manchester Ave LLC
Entity
Mailing address
21 CAPTAINS CT, MANASQUAN, NJ 08736-3303
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
—
34 44 Manchester Ave LLC
—
Deed
related
$755,000 · Sovereign Depot LLC
Dec 13, 2021
$7,600,000
34 44 Manchester Ave LLC
Fieldcrest LLC
Deed
$755,000 · Sovereign Depot LLC
Mar 3, 2008
—
Fieldcrest LLC
—
Trustees Deed
related
$3,650,000 · Boardwalk 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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