Entity Owned 
For Sale
$1,550,000
511 Bay Ave, Point Pleasant Beach, NJ 08742
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
7,956 SF
Lot
0.12 ac (5,300 SF)
Zoning code
GC
APN
26 00091- 01-00025- 02
UPID
US59-0383826
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Decor Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$945k
Owner & transaction history
since 2003
1 recorded transaction
Zoning & alternative use
GC · Point Pleasant Beach, NJ
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 uppe…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 25 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$945k
Value range
$851k – $1.04M
±10% around blend
Estimated value / SF
$119 / SF
Confidence
High
25 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$851k
blend $945k
$1.04M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,956 SF
Lot area
0.12 ac
Stories
2
APN
26 00091- 01-00025- 02
Zoning
GC
Assessed value
$811,600
Annual tax
$13,140
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$13,140
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.98M
Weighted, 20 comps · high confidence
Evidence
25 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.8 mi away · 6,722 SF
2.1 mi away · 6,109 SF
5.1 mi away · 5,856 SF
10.5 mi away · 5,808 SF
11.1 mi away · 7,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$945k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 77 sales
$276
-57%
Submarket 77 sales
$276
-57%
County 852 sales
$288
-59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $119/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 25 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
8.59%
Selected cap rate for this commercial real estate
Derived from the Point Pleasant Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.59%
9.0%
NOI (est.)
$133k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.55M
Move the market yield to see immediate price impact.
Value / SF
$195
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.09%8.59%9.09%
$120k
$1.48M
$1.40M
$1.32M
$133k
$1.65M
$1.55M
$1.46M
$146k
$1.81M
$1.71M
$1.61M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
25 found
High confidence · county-verified
Closest comparable
$1.85M
0.2 mi · Jan 2026 · $182/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,140
Tax year 2022
Assessed value
$811,600
Assessed 2023
Previous assessed
$811,600
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$311,600
Assessed improvement
$500,000
Land market value
$311,600
Improvement market value
$500,000
Total market value
$811,600
Applied tax rate
26.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
7,956 SF
Lot
0.12 ac (5,300 SF)
Zoning code
GC
APN
26 00091- 01-00025- 02
UPID
US59-0383826
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GC · Point Pleasant Beach, NJZoning GC · permitted uses
GC · Point Pleasant Beach, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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 uppe…
General category
COMMERCIAL
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
GC
COMMERCIAL
Jurisdiction
Point Pleasant Beach, NJ
Recorded code
GC
Official district
GC
Official district profile
What the municipal code says about GC
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 uppe…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Point Pleasant Beach, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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