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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Commercial real estate
55 Oceanport Ave, West Long Branch, NJ 07764-1427
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US59-1755956
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1910
Construction
FRAME
Total area
3,140 SF
Lot
0.36 ac (15,600 SF)
Zoning code
R-10
APN
53 00108-0000-00003
UPID
US59-1755956
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
-
Empowered Learning Transformation Centers Training Center Tutoring Service
-
Atlantis Mortgage Co Inc Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$306k
Blend (final)
Blend
$510k
Owner & transaction history
Evm3 LLC · 14 yrs held
Evm3 LLC
since 2012
7 recorded transactions
Zoning & alternative use
R-10 · West Long Branch, 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 West Long Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$815,000
Current use
OFFICE BUILDING
$775,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
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
$162 / 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
$9,236
Tax year 2022
Assessed value
$629,600
Assessed 2023
Previous assessed
$629,600
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$300,500
Assessed improvement
$329,100
Land market value
$300,500
Improvement market value
$329,100
Total market value
$629,600
Applied tax rate
53.0000
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
1910
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Total area
3,140 SF
Lot
0.36 ac (15,600 SF)
Zoning code
R-10
APN
53 00108-0000-00003
UPID
US59-1755956
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-10 · West Long Branch, NJ
Zoning R-10 · permitted uses
R-10 · West Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Long Branch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$815,000
OFFICE BUILDING
Est. value
$775,000
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
1910
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Evm3 LLC
Entity
Mailing address
55 OCEANPORT AVE, WEST LONG BRANCH, NJ 07764-1427
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
Evm 3 LLC
—
Deed
related
$90,000 · Lawrence Ravitz Etux
Oct 15, 2018
—
Evm 3 LLC
—
Deed
related
$160,000 · Lawrence & Edna S Ravitz
May 24, 2018
—
Evm3 LLC
—
Deed
related
$365,000 · Boiling Sprgs Svgs Bk
Jun 21, 2016
—
Evm3 LLC
—
Trustees Deed
related
$200,000 · Lawrence & Edna Ravitrz
Jun 13, 2012
$400,000
Evm3 LLC
Camassa Anthony J
Grant Deed
$300,000 · Rsi Bank
—
—
Evm3 LLC
—
Deed Of Trust
related
$365,000 · Boiling Sprgs Svgs Bk
—
—
Evm 3 LLC
—
Deed Of Trust
related
$160,000 · Lawrence & Edna S Ravitz
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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