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Property profile & analytics
OFF-MARKET Estimated value $950,000
Commercial real estate

511 Forman Ave Point Pleasant Beach, NJ 08742-3020

3,330 SF 0.29 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-3132747
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction TYPE NOT SPECIFIED
Total area 3,330 SF
Lot 0.29 ac (12,500 SF)
Zoning code HC
APN 26 00071-0000-00006
UPID US59-3132747
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
  • Diane Turton, Realtors Corporate Headquarters Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
$590k
Comparable Approach Comparable
$924k
Blend (final) Blend
$950k
Owner & transaction history
74man Properties LLC · 2 yrs held
74man Properties LLC
since 2024
Last sale
$950,000
7 recorded transactions
2024
$950,000
2018
Price N/A
2011
Price N/A
2003
$617,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
HC · Point Pleasant Beach, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

For all commercial, office, building and fuel supply uses in the HC zone which abut a residential zoning district, a five foot buffer strip shall be maintained between the use and the adjacent zoning district. The buffer strip shall consist of landscaped grounds and suitable screening to safeguard the character of the adjacent districts. The buffer area shal…

Zone name Highway Commercial
General category COMMERCIAL
Zone area 74.19 ac
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