Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    522 Cookman Ave Ste 1c Asbury Park, NJ 07712-7140
    Back to Search
    Property profile & analytics

    522 Cookman Ave Ste 1c, Asbury Park, NJ 07712-7140

    View on Map
    • Office Spaces
    • 0.02 lot acres
    Off-Market
    Property ID
    US59-1046675
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 522 Cookman Ave Ste 1c

    Lot size
    0.02 lot acres
    Zone code
    CARC
    Property type
    Office Spaces
    APN
    04 03105-0000-00007- 03-C0103
    APU
    040310500000000703C0103

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 14, 2019 $765,000 Cookman Ave 522 LLC Knockout-graphics INC Grant Deed $612k · Jp Morgan Chase Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Asbury Park
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0091
    Latitude
    40.2163
    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
    $5,242
    $111,900
    $261,100
    $373,000
    -
    $111,900
    $261,100
    $373,000

    Comparable in this City

    • Value Estimation
      $1,885,000
      0.48 Acres

      601 Bangs Ave, Unit 301

      CONDOMINIUM OFFICES
      601 Bangs Ave, Asbury Park, NJ 07712-6925
      View Details
    • Value Estimation by Request
      0.02 Acres

      522 Cookman Ave Ste 1b

      CONDOMINIUM OFFICES
      522 Cookman Ave Ste 1b, Asbury Park, NJ 07712-7140
      View Details
    • Value Estimation by Request

      603 Mattison Ave

      Coworking space
      603 Mattison Ave, Asbury Park, NJ 07712
      View Details
    • Value Estimation by Request
      16,858 SF

      428 Summerfield Ave

      Mixed-use properties
      428 Summerfield Ave, Asbury Park, NJ 07712
      View Details
    • Value Estimation by Request
      0.01 Acres

      700 Mattison Ave, Unit 101

      CONDOMINIUM OFFICES
      700 Mattison Ave, Asbury Park, NJ 07712-7039
      View Details
    • Value Estimation by Request
      0.02 Acres

      522 Cookman Ave Ste 1a

      CONDOMINIUM OFFICES
      522 Cookman Ave Ste 1a, Asbury Park, NJ 07712-7140
      View Details

    Similar Nearby for Sale

    • $1,500,000
      2,384 SF

      Prime Office Space on Route 35

      Professional office space in high-demand location near Route 35.
      2002 Sunset Ave, Asbury Park, NJ 07712
      View Details
    • $2,500,000
      8,020 SF

      Asbury Park Retail/Office Building

      Fully leased retail/office building in Asbury Park, New Jersey.
      21 Main St, Asbury Park, NJ 07712
      View Details
    • $3,000,000
      11,000 SF

      Ocean Twp Commercial Opportunity

      Two buildings on a single lot in Ocean Township.
      3321 Doris Ave, Asbury Park, NJ 07712
      View Details
    • Contact for pricing
      1,656 SF

      Prime Storefront Office in Asbury

      Ground floor office space with high visibility in Asbury.
      501 Grand Ave, Asbury Park, NJ 07712
      View Details
    • $1,650,000
      Pending

      Asbury Park Commercial Opportunity

      Commercial building in Asbury Park's Central Business District.
      428 Main St, Asbury Park, NJ 07712
      View Details
    • $550,000

      Class A Office Space

      2,865 SF Class A office space for sale or lease.
      802 West Park Ave, Ocean, NJ 07712
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Asbury Park Retail Opportunity

      High-visibility retail/office space in Asbury Park, completion Summer 2026.
      901 Asbury Ave, Asbury Park, NJ 07712
      View Details
    • $1,000 /Mo
      5,491 SF

      Office Space in Sackman Building

      Office space for rent including utilities and taxes.
      513 Cookman Ave, Asbury Park, NJ 07712
      View Details
    • $22 SF/Yr
      4,621 SF

      Ocean Twp Office Space Available

      1400 sqft upper-level office space for lease in Ocean Twp.
      3321 Doris Ave, Asbury Park, NJ 07712
      View Details
    • Contact for pricing
      13,814 SF

      Updated Commercial Building Office Space

      Modern office spaces with excellent visibility and flexible layouts.
      1405 State Route 35, Asbury Park, NJ 07712
      View Details
    • Contact for pricing
      4,621 SF

      Office Space For Lease

      1400 sqft upper-level office space available for rent.
      3321 Doris Ave, Asbury Park, NJ 07712
      View Details
    • $15 SF/Yr

      Office Space in Sunset Park

      Office space available in Sunset Industrial Park for rent.
      1750 Brielle Ave, Ocean, NJ 07712
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    522 Cookman Ave Ste 1c
    Asbury Park, NJ 07712-7140
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    522 Cookman Ave Ste 1c, Asbury Park, NJ, 07712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!