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Property profile & analytics
OFF-MARKET Estimated value $2,065,000
Commercial real estate

501 Arnold Ave Point Pleasant Beach, NJ 08742-2501

8,580 SF 0.78 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US59-1963063
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 8,580 SF
Lot 0.78 ac (34,075 SF)
Zoning code GC
APN 26 00094- 02-00020
UPID US59-1963063
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
$2.08M
CAP Approach CAP
$1.53M
Comparable Approach Comparable
$2.38M
Blend (final) Blend
$2.07M
Owner & transaction history
Pia Investments LLC · 3 yrs held
Pia Investments LLC
since 2023
Last sale
$2.1M
1 recorded transaction
2023
$2.1M
Zoning & alternative use
GC · Point Pleasant Beach, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The requirements of the underlying GC and HC zoning districts shall apply unless otherwise authorized herein. 2. The first floor uses shall be retail or restaurant or uses that otherwise activate the street. Uses on upper floors shall be as permitted in the applicable GC or HC Zoning District. 3. Must comply with the Overlay District regulations and design g…

Zone name General Commercial
General category COMMERCIAL
Zone area 36.27 ac
Top alternative use upside
Apartment house (5+ units) $2.4M +2.9%
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