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Property profile & analytics
OFF-MARKET Estimated value $1,970,000
Commercial real estate

509 2nd Ave Asbury Park, NJ 07712-6134

4,622 SF 0.34 ac lot Built 1920
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US59-1511561
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 4,622 SF
Lot 0.34 ac (15,000 SF)
Zoning code R2
APN 04 03404-0000-00010
UPID US59-1511561
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
$1.97M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.97M
Owner & transaction history
Jon C Biondo · 2 yrs held
Jon C Biondo
since 2024
Last sale
$2.0M
3 recorded transactions
2024
$2.0M
2004
$100
1969
Price N/A
Zoning & alternative use
R2 · Asbury Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(R2) - One and Two Family Residential Zone. [2000 Code § 30-70.5; amended 6-9-2021 by Ord. No. 2021-21 ; 3-27-2024 by Ord. No. 2024-6 ] a. Permitted Principal Uses. 1. Detached single family dwellings. 2. Two-family dwellings. 3. Essential municipal services facilities. b. Permitted Accessory Uses. 1. Garages. 2. Personal recreational facilities such as swim…

Zone name One And Two Family Residential
General category RESIDENTIAL
Zone area 43.68 ac
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