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    Property profile & analytics

    45 Main Ave Ocean Grove, NJ 07756-1562

    • Commercial real estate
    • 1,221 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US59-0892570
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • RE/MAX Gateway / Real Estate Agency / Real Estate Agent
    • Anna Jackow RE/MAX Gateway / Real Estate Agent
    • Janet Manni, Real Estate, Broker-Manager - RE/MAX Gateway / Real Estate Agent / Real Estate Consultant
    • Thea Bowers, Real Estate Broker-Associate - RE/MAX Gateway / Real Estate Agent
    • Alfredo Fresnedo, Real Estate Realtor-Associate - RE/MAX Gateway / Real Estate Agent

    Property Details for 45 Main Ave

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.02 lot acres
    Property size
    1,221 SF
    Zone code
    HDC
    Property type
    Commercial real estate
    APN
    35 00164-0000-00006
    APU
    3500164000000006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $380,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $420,000
      Mixed-Use
      $400,000
      Hospitality
      $375,000
      Educational
      $340,000
      Residential Income
      $390,000
      Energy
      $405,000
      Income-Based Land
      $340,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Grove
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0064
    Latitude
    40.2122
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,362
    $492,900
    $265,100
    $758,000
    -
    $492,900
    $265,100
    $758,000

    Comparable in this City

    • Value Estimation by Request
      3,456 SF

      82 Mt Zion Way

      COMMERCIAL (GENERAL) • 3,456 SF
      82 Mt Zion Way, Ocean Grove, NJ 07756-1428
      View Details
    • Value Estimation by Request
      1.60 Acres

      40 Broadway

      COMMERCIAL (GENERAL) • 1.60 Acres
      40 Broadway, Ocean Grove, NJ 07756
      View Details
    • Value Estimation by Request
      6,912 SF

      7 Main Ave

      COMMERCIAL (GENERAL) • 6,912 SF
      7 Main Ave, Ocean Grove, NJ 07756-1323
      View Details
    • Value Estimation by Request
      2,816 SF

      62 Main Ave

      COMMERCIAL (GENERAL) • 2,816 SF
      62 Main Ave, Ocean Grove, NJ 07756-1345
      View Details
    • Value Estimation by Request
      5,994 SF

      7 Ocean Ave

      COMMERCIAL (GENERAL) • 5,994 SF
      7 Ocean Ave, Ocean Grove, NJ 07756-1666
      View Details
    • Value Estimation by Request
      6,922 SF

      16 Pilgrim Pathway

      COMMERCIAL (GENERAL) • 6,922 SF
      16 Pilgrim Pathway, Ocean Grove, NJ 07756
      View Details

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    Similar Nearby for Lease

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    • $2,500 /Mo

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      Office space for rent in Ocean Grove, New Jersey.
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      View Details
    • $2,400 /Mo

      Furnished Rental Near Beach

      Furnished 3-bedroom rental, close to beach and train.
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    45 Main Ave
    Ocean Grove, NJ 07756-1562
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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