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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
504 Main St Avon By The Sea, NJ 07717-1018
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1108610
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1955
Construction
CONCRETE BLOCKS
Total area
2,368 SF
Lot
0.11 ac (4,973 SF)
Zoning code
DC
APN
06 00014-0000-00011
UPID
US59-1108610
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
Current use
Occupant on record · Public records
-
Appliance Repair Avon-By-The-Sea Home Appliance Store
-
Oreck Clean Home Center Home Appliance Store (Bike/Boat/Book/etc) Store
-
Maeberrie Market Restaurant Cafe & Coffee Shop
-
Urgent Dentist Office Avon by the Sea Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$490k
Comparable Approach
Comparable
$408k
Blend (final)
Blend
$510k
Owner & transaction history
Richard Tarzian · 2 yrs held
Richard Tarzian
since 2024
5 recorded transactions
Zoning & alternative use
DC · Avon By The Sea, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
113-11 R - Single-Family Residential District § 113-11.1 R Single-Family Residential District - Development process. § 113-12 GC - General Commercial District. § 113-13 M-O/R - Mixed Office/Residential District § 113-14 DC - Downtown Commercial District. § 113-15 B - Beach District. § 113-16 MLC - Mount Laurel Compliance. Article V General Zoning Provisions…
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
24.74 ac
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 Avon By The Sea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon By The Sea 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%
$535,000
6.5%
$490,000
7%
$455,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$615,000
Current use
OFFICE BUILDING
$585,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$215 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,802
Tax year 2022
Assessed value
$568,300
Assessed 2023
Previous assessed
$568,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$315,000
Assessed improvement
$253,300
Land market value
$315,000
Improvement market value
$253,300
Total market value
$568,300
Applied tax rate
6.0000
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
1955
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
2,368 SF
Lot
0.11 ac (4,973 SF)
Zoning code
DC
APN
06 00014-0000-00011
UPID
US59-1108610
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
DC · Avon By The Sea, NJZoning DC · permitted uses
DC · Avon By The Sea, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
113-11 R - Single-Family Residential District § 113-11.1 R Single-Family Residential District - Development process. § 113-12 GC - General Commercial District. § 113-13 M-O/R - Mixed Office/Residential District § 113-14 DC - Downtown Commercial District. § 113-15 B - Beach District. § 113-16 MLC - Mount Laurel Compliance. Article V General Zoning Provisions § 113-17 Accessory Buildings. § 113-18 Landscaping, Hedges and Fences. § 113-19 Li
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
24.74 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$615,000
OFFICE BUILDING
Est. value
$585,000
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
1955
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Richard Tarzian
Individual
Mailing address
300 SE 1ST AVE, BELMAR, NJ 07719-2035
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
—
Richard Tarzian
Rictar LLC
Deed
—
Feb 7, 2018
—
Rictar LLC
Rictar LLC
Quit Claim Deed
related
—
Feb 24, 2017
$539,900
Rictar LLC
Arthur J Dube Agency INC
Grant Deed
—
—
—
Arthur J Dube Agency INC
—
Deed Of Trust
related
$150,000 · Manasquan Savings Bank
—
—
Arthur J Dube Agency INC
—
Deed Of Trust
related
$160,000 · Manasquan Savings 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.
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