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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Commercial real estate
54 2nd Ave Long Branch, NJ 07740-6774
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2457635
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Total area
3,900 SF
Lot
0.21 ac (9,200 SF)
Zoning code
R-5
APN
27 00285-0000-00015
UPID
US59-2457635
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
$690k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$690k
Owner & transaction history
388 Columbus LLC · 3 yrs held
388 Columbus LLC
since 2022
Last sale
$680,000
5 recorded transactions
Zoning & alternative use
R-5 · Long Branch, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
5-20 R-1 Residential District. § 345-21 R-2 Residential District. § 345-21.1 Non-Profit Institute of Higher Learning Overlay District (MUO). § 345-22 R-3 Residential District. § 345-23 R-4 Residential District. § 345-24 R-5 Residential District. § 345-25 R-6 Residential District. § 345-26 R-7 Riverfront Mixed Residential District. § 345-27 (Reserved) § 345-2…
Zone name
One To Four Family And Townhouse Residential
General category
RESIDENTIAL
Zone area
394.17 ac
Top alternative use upside
Office building
$960,000
+3.0%
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 Long Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Branch 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
$715,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Current use
OFFICE BUILDING
$960,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $680k (Dec 22 2022)
Last sale anchor
$680k
Dec 22 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
$177 / 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
$8,061
Tax year 2022
Assessed value
$550,600
Assessed 2023
Previous assessed
$550,600
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$174,000
Assessed improvement
$376,600
Land market value
$174,000
Improvement market value
$376,600
Total market value
$550,600
Applied tax rate
27.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Total area
3,900 SF
Lot
0.21 ac (9,200 SF)
Zoning code
R-5
APN
27 00285-0000-00015
UPID
US59-2457635
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-5 · Long Branch, NJZoning R-5 · permitted uses
R-5 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
5-20 R-1 Residential District. § 345-21 R-2 Residential District. § 345-21.1 Non-Profit Institute of Higher Learning Overlay District (MUO). § 345-22 R-3 Residential District. § 345-23 R-4 Residential District. § 345-24 R-5 Residential District. § 345-25 R-6 Residential District. § 345-26 R-7 Riverfront Mixed Residential District. § 345-27 (Reserved) § 345-28 RC-1 Beachfront Mixed. § 345-29 RC-2 Riverfront Residential Commercial Zone. § 34
Zone name
One To Four Family And Townhouse Residential
General category
RESIDENTIAL
Zone area
394.17 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$935,000
OFFICE BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL) Current
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
Year built
1930
Heating
NONE
Stories
3
Buildings
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
388 Columbus LLC
Entity
Mailing address
563 7TH BRIDGES RD, LITTLE SILVER, NJ 07739-1742
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$680,000
388 Columbus LLC
Edwin J Garry
Bargain And Sale Deed
—
May 24, 2007
$565,000
Edwin J Garry
Sipler,sharon
Grant Deed
$395,500 · First National Bank Arizona
Jul 26, 2006
$650,000
Sharon Sipler
Bianco,vera
Grant Deed
$455,000 · Fremont Mortgage
Aug 25, 2005
—
Vera Bianco
Bianco,vera
Quit Claim Deed
related
$220,000 · Carnegie Capital Corp
—
—
Fj White Dev LLC
—
Deed Of Trust
related
$29,000 · Carnegie Capital Corp
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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