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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Commercial real estate
6 Executive Dr Toms River, NJ 08755-4953
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2037832
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Construction
METAL FRAME
Total area
11,200 SF
Lot
3.02 ac (131,551 SF)
Zoning code
I
APN
08 00504-0000-00008
UPID
US59-2037832
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
-
PolyCore LLC Big Box & Wholesale Store Building Supply
-
Anthony's Auto Body II at Toms River Auto Repair Shop
-
AH Kitchens Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.82M
Owner & transaction history
Michael J Dallessandro · 24 yrs held
Michael J Dallessandro
since 2002
4 recorded transactions
Zoning & alternative use
I · Toms River, 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 Toms River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toms River 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,155,000
6.5%
$1,990,000
7%
$1,850,000
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±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
$163 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$43,914
Tax year 2023
Assessed value
$2,536,900
Assessed 2024
Previous assessed
$2,536,900
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,449,600
Assessed improvement
$1,087,300
Land market value
$1,449,600
Improvement market value
$1,087,300
Total market value
$2,536,900
Applied tax rate
8.0000
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
2002
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
11,200 SF
Lot
3.02 ac (131,551 SF)
Zoning code
I
APN
08 00504-0000-00008
UPID
US59-2037832
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Toms River, NJ
Zoning I · permitted uses
I · Toms River, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toms River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Michael J Dallessandro
Individual
Mailing address
1209 12TH AVE, TOMS RIVER, NJ 08757-1940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2002
—
Michael J Dallessandro
—
Trustees Deed
related
$500,000 · Oceanfirst Bank
May 23, 2002
—
Michael J Dallessandro
—
Trustees Deed
related
$500,000 · Oceanfirst Bank
—
—
Lori Dallessandro
—
Deed Of Trust
related
$500,000 · Oceanfirst Bank
—
—
Michael Dallessandro
—
Deed Of Trust
related
$550,000 · Oceanfirst Bank
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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