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Property profile & analytics
OFF-MARKET
Estimated value
$1,945,000
Car washes
520 Main St Manahawkin, NJ 08050-3020
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3042567
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Total area
8,086 SF
Lot
2.17 ac (94,525 SF)
Zoning code
RB
APN
31 00051- 14-00054
UPID
US59-3042567
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
$2.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
Coberg Realty LLC · 4 yrs held
Coberg Realty LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
RB · Manahawkin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Manahawkin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manahawkin 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
$2,105,000
ML approach
$2,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,385,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±10% · vs last sale $1.80M (Jun 6 2022)
Last sale anchor
$1.80M
Jun 6 2022
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
$241 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$37,028
Tax year 2022
Assessed value
$1,573,000
Assessed 2023
Previous assessed
$1,573,000
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$429,700
Assessed improvement
$1,143,300
Land market value
$429,700
Improvement market value
$1,143,300
Total market value
$1,573,000
Applied tax rate
31.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Heating
NONE
Units
1
Total area
8,086 SF
Lot
2.17 ac (94,525 SF)
Zoning code
RB
APN
31 00051- 14-00054
UPID
US59-3042567
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
RB · Manahawkin, NJZoning RB · permitted uses
RB · Manahawkin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.4M
OFFICE BUILDING
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
Heating
NONE
Units
1
Lot
2.17 ac
Current owner
From public records · entity-resolved
Coberg Realty LLC
Entity
Mailing address
77 BLOOMFIELD AVE, PINE BROOK, NJ 07058-9716
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
$1,800,000
Coberg Realty LLC
Stan And Son Auto Wash LLC
Deed
$1,260,000 · United Southwest Bank
Mar 10, 2011
$1,617,000
Stan & Son Auto Wash LLC
Jendav Carwash LLC
Grant Deed
—
Nov 18, 2010
$1,617,000
Stan & Son Auto Wash L L C
Jendav Carwash LLC
Deed
$2,900,000 · Brunswick Bank & Trust
Jul 31, 2009
$2,060,000
Jendav Carwash LLC
Sjr Sons LLC
Grant Deed
$1,500,000 · Oceanfirst Bank
May 6, 2004
$550,000
Sjr Sons LLC
Main Street Square INC
Grant Deed
$2,078,000 · Oceanfirst Bank
Oct 20, 2003
$550,000
Sjr Sons LLC
Main Street Square INC
Grant Deed
—
Feb 8, 2002
$190,000
Main Street Square INC
Columbian Club Council #3826
Grant Deed
—
—
—
Main Street Square INC
—
Deed Of Trust
related
$35,000 · Michael & April Russo
—
—
Sjr Sons LLC
—
Deed Of Trust
related
$100,000 · Oceanfirst Bank
—
—
Mountain Laurel Homes INC
—
Deed Of Trust
related
$65,000 · William Neil
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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