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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Commercial real estate
507 Washington Blvd Sea Girt, NJ 08750-2904
Individually Owned
Free & Clear
Property ID
US59-1662826
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1910
Construction
FRAME
Total area
5,984 SF
Lot
0.57 ac (24,750 SF)
Zoning code
2E
APN
43 00076-0000-00003
UPID
US59-1662826
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
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$1.28M
Owner & transaction history
NOT AVAILABLE FROM DATA SOURCE
NOT AVAILABLE FROM DATA SOURCE
Zoning & alternative use
2E · Sea Girt, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
No. 09-2008 § 1; amended 8-11-2021 by Ord. No. 15-2021 ] For the purpose of this chapter, the Borough is hereby divided into Use Districts as follows: Symbol District Zone 1E 1 East Single Family 1W 1 West Single Family 2E 2 East Convenience Commercial 2W 2 West Convenience Commercial 3 3 Beach 4 4 Recreational Open Space 5 5 Affordable Housing § 17-3.2 Loca…
Zone name
East Convenience Commercial
General category
COMMERCIAL
Zone area
8.20 ac
Top alternative use upside
Office building
$1.9M
+15.8%
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 Sea Girt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sea Girt 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%
$1,345,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,640,000
Current use
OFFICE BUILDING
$1,900,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,580,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±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
$214 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,494
Tax year 2023
Assessed value
$2,845,200
Assessed 2024
Previous assessed
$2,845,200
+0.0% YoY
Effective rate
0.47%
On assessed value
Assessed land
$1,802,300
Assessed improvement
$1,042,900
Land market value
$1,802,300
Improvement market value
$1,042,900
Total market value
$2,845,200
Applied tax rate
43.0000
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
1910
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
5,984 SF
Lot
0.57 ac (24,750 SF)
Zoning code
2E
APN
43 00076-0000-00003
UPID
US59-1662826
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
2E · Sea Girt, NJZoning 2E · permitted uses
2E · Sea Girt, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
No. 09-2008 § 1; amended 8-11-2021 by Ord. No. 15-2021 ] For the purpose of this chapter, the Borough is hereby divided into Use Districts as follows: Symbol District Zone 1E 1 East Single Family 1W 1 West Single Family 2E 2 East Convenience Commercial 2W 2 West Convenience Commercial 3 3 Beach 4 4 Recreational Open Space 5 5 Affordable Housing § 17-3.2 Location of Districts. [Ord. #579, A III § 2] The boundaries of these districts are de
Zone name
East Convenience Commercial
General category
COMMERCIAL
Zone area
8.20 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1910
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
NOT AVAILABLE FROM DATA SOURCE
Individual
Free & Clear · 0 yrs held
Mailing address
507 WASHINGTON BLVD, SEA GIRT, NJ 08750-2904
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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