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Property profile & analytics
OFF-MARKET
Estimated value
$365,000
Gas stations
569 Ocean Ave 71 Jersey City, NJ 07305-3411
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1205285
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1901
Construction
BRICK
Lot
0.13 ac (5,593 SF)
Zoning code
R-2
APN
06 23501-0000-00039
UPID
US59-1205285
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
-
Ranero's Autobody Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$365k
Owner & transaction history
Pedro A Ranero · 6 yrs held
Pedro A Ranero
since 2019
1 recorded transaction
Zoning & alternative use
R-2 · Jersey City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
High-Rise Apartments. 1. Minimum 0.5 parking spaces per dwelling unit. 2. Office and Retail Use where permitted: None. 3. A minimum buffer of ten (10) feet is required between on-site parking areas and adjacent R-1 and R-2 zones. G. Bulk and Parking Standards for Townhouses. See R-2 Bulk and Parking Standards. H. Bulk and Parking Standards for Mid-Rise Apart…
Zone name
Multi Unit Attached Housing
General category
RESIDENTIAL
Zone area
20.18 ac
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 Jersey City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey City 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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$365k
Range $329k – $402k · ±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
—
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
$12,736
Tax year 2022
Assessed value
$601,300
Assessed 2023
Previous assessed
$601,300
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$186,200
Assessed improvement
$415,100
Land market value
$186,200
Improvement market value
$415,100
Total market value
$601,300
Applied tax rate
6.0000
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1901
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.13 ac (5,593 SF)
Zoning code
R-2
APN
06 23501-0000-00039
UPID
US59-1205285
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Jersey City, NJZoning R-2 · permitted uses
R-2 · Jersey City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
High-Rise Apartments. 1. Minimum 0.5 parking spaces per dwelling unit. 2. Office and Retail Use where permitted: None. 3. A minimum buffer of ten (10) feet is required between on-site parking areas and adjacent R-1 and R-2 zones. G. Bulk and Parking Standards for Townhouses. See R-2 Bulk and Parking Standards. H. Bulk and Parking Standards for Mid-Rise Apartments. Table of Contents Page 113 of 295 1. Minimum Lot Size: Sixty thousand (60,0
Zone name
Multi Unit Attached Housing
General category
RESIDENTIAL
Zone area
20.18 ac
Building & site characteristics
From public records
Year built
1901
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Pedro A Ranero
Individual
Free & Clear · 6 yrs held
Mailing address
73 BOWERS ST, JERSEY CITY, NJ 07307-3374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2019
—
Pedro A Ranero
Pedro A Ranero
Quit Claim Deed
related
—
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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