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    511 Forman Ave Point Pleasant Beach, NJ 08742-3020
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    Property profile & analytics

    511 Forman Ave, Point Pleasant Beach, NJ 08742-3020

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    • Commercial real estate
    • 3,330 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Jan 26, 2024
    $950,000
    Property ID
    US59-3132747
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    4%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Diane Turton, Realtors Corporate Headquarters / Real Estate Agency

    Property Details for 511 Forman Ave

    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.29 lot acres
    Zone code
    HC
    Property type
    Commercial real estate
    APN
    26 00071-0000-00006
    APU
    2600071000000006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 26, 2024 $950,000 74man Properties LLC Turton Realty Associates LLC Deed $760k · Oceanfirst Bank
    Jul 5, 2018 — Turton Realty Associates LLC — Deed · related $50k · Manasquan Bank
    Sep 13, 2011 — Turton Realty Associates LLC — Deed Of Trust · related $1.3M · Manasquan Savings Bank
    Jul 10, 2003 $617,500 Turton Realty Associates LLC Green,edward J Grant Deed —
    — — Turton Realty Associates LLC — Deed Of Trust · related $400k · Manasquan Savings Bank
    — — Edward J Green — Deed Of Trust · related —
    — — Turton Realty Associates LLC — Deed Of Trust · related $400k · Manasquan Savings Bank
    — — Turton Realty Associates LLC — Deed Of Trust · related $1.2M · Manasquan Savings Bank
    — — Edward J Green — Deed Of Trust · related $15k · Summit Bank
    — — Turton Realty Associates LLC — Deed Of Trust · related $494k · Edward Green

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $950,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $640,000
      6.5%
      $590,000
      7%
      $550,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $924,000
      Market price range: $597k - $1.23M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $915,000
      Current use
      OFFICE BUILDING
      $790,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Point Pleasant Beach
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.0491
    Latitude
    40.0891
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,315
    $479,500
    $259,700
    $739,200
    -
    $479,500
    $259,700
    $739,200
    More about this property
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