Financial
Distress signals
Property profile

5 Abbott Ave Ocean Grove, NJ 07756

FOR SALE
Other commercial real estate
Property ID
US59-2763690
9,427 SF 0.05 ac lot Built 1871
Last sale May 2004 · $1
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a historic hotel in Ocean Grove located on a double lot, with the beach within walking distance. The building contains 20 guest rooms, 21 full bathrooms, and 3 half bathrooms, and includes owners’ quarters. Exterior features include three large porches with ocean views. The street-level portion includes a restaurant with a private entrance and additional public-facing food service space configured as an ice cream parlor. The layout supports both guest accommodations and public access areas within the same hospitality building.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$25k
Tax billed · 2022
Assessed value$1.36M
Assessed land$717k
Assessed improvement$644k
Effective rate1.83%

Value estimate

· Sep 2026
$1.13M
$1.02M – $1.24M
Sales comparison$1.51M
NOI build-up
Gross scheduled income$204k
Vacancy & credit loss−$11k
Operating expenses−$48k
NOI · 4.58% cap applied$144k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$259/SF
County average, outlier-cleaned · 1093 recorded sales of this use type
Observed band · Q1–Q3$161 – $392
Qualifying comparables9

Cap rate analysis

How does the asset earn?
4.58%
$144k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HD-O
JurisdictionMONMOUTH

Location intelligence

Which uses thrive at this corner?
Best fit: Spa & Massage
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Spa & Massage10.8
Hair Salon11.2
Dental Office11.1

Location

5 Abbott Ave Ocean Grove, NJ 07756
County assessor Recorded deeds · 1 transfer 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message