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Property profile & analytics
FOR SALE
Commercial real estate
596 River Ave Lakewood, NJ 08701
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-3189124
For Sale
1 / 4
$5,428,571
596 River Ave, Lakewood, NJ 08701
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
BRICK
Total area
13,310 SF
Lot
0.72 ac (31,324 SF)
Zoning code
HD7
APN
15 00420-0000-00017
UPID
US59-3189124
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Cosmetic Store
-
Coinhub Bitcoin ATM Teller Atm
-
LibertyX Bitcoin ATM Atm
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The State Of New Jersey · 1 yrs held
The State Of New Jersey
since 2024
Last sale
$75,000
7 recorded transactions
Zoning & alternative use
HD7 · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$118,664
Tax year 2022
Assessed value
$5,200,000
Assessed 2023
Previous assessed
$5,200,000
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$319,500
Assessed improvement
$4,880,500
Land market value
$319,500
Improvement market value
$4,880,500
Total market value
$5,200,000
Applied tax rate
15.0000
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
For Sale
Year built
2006
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
13,310 SF
Lot
0.72 ac (31,324 SF)
Zoning code
HD7
APN
15 00420-0000-00017
UPID
US59-3189124
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HD7 · Lakewood, NJ
Zoning HD7 · permitted uses
HD7 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
The State Of New Jersey
Individual
Mailing address
1 CVS DR, WOONSOCKET, RI 02895-6146
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$75,000
The State Of New Jersey
Grand Prospect Center LLC
Deed
—
Feb 14, 2022
—
Grand Prospect Ctr LLC & Cnty Line
—
Deed
related
$2,500,000 · Eliezer Weinman Etal
Aug 20, 2021
—
Grand Prospect Center LLC
—
Deed
related
$3,874,000 · Connectone Bank
May 29, 2019
—
Congregation Kehilos Yisroel I
—
Deed
related
$3,500,000 · Cornerstone Ventures LLC
Aug 15, 2018
—
Grand Prospect Center LLC
—
Deed
related
$3,600,000 · Oritani Bank
Nov 15, 2011
$71,400
Grand Prospect Center LLC
Kimball Medical Center INC
Grant Deed
related
$2,516,000 · Td Bk NA
May 18, 2004
$1,750,000
Grand Prospect Center LLC
Kmpcc LLC
Grant Deed
$1,400,000 · Republic First Bank
—
—
Congregation Kehilos Yisroel I
—
Deed Of Trust
related
$3,500,000 · Cornerstone Ventures LLC
—
—
Grand Prospect Center LLC
—
Deed Of Trust
related
$1,700,000 · Northern State Bank
—
—
Prospect Prof Center LLC
—
Deed Of Trust
related
$250,000 · Jacob Friedman
—
—
Prospect Prof Center LLC
—
Deed Of Trust
related
$3,500,000 · Cornerstone Ventures LLC
—
—
Grand Prospect Center LLC
—
Loan Modification
related
$3,300,000 · Td Bk NA
—
—
Grand Prospect Center LLC
—
Deed Of Trust
related
$500,000 · M & H Asset Management LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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