Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Broadway Long Branch, NJ 07740-5412

    • Banks
    • 9,330 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2024
    $1,700,000
    Value Estimations
    $1,700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1889047
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 600 Broadway

    Year built
    1952
    Lot size
    0.28 lot acres
    Property size
    9,330 SF
    Zone code
    C-1
    Property type
    Banks
    APN
    27 00239-0000-00018
    APU
    2700239000000018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,700,000
      ML approach
      $1,700,000

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $1,115,000
      Current use
      OFFICE BUILDING
      $1,825,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,395,000
      Change: +25% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,225,000
      Change: +10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Branch
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0032
    Latitude
    40.2993
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $31,489
    $516,600
    $1,415,300
    $1,931,900
    -
    $516,600
    $1,415,300
    $1,931,900

    Comparable in this City

    • Value Estimation
      $505,000
      3,372 SF

      627 2nd Ave

      FINANCIAL BUILDING • 3,372 SF
      627 2nd Ave, Long Branch, NJ 07740-5119
      View Details
    • Value Estimation
      $340,000
      1,040 SF

      23 Branchport Ave

      FINANCIAL BUILDING • 1,040 SF
      23 Branchport Ave, Long Branch, NJ 07740-5908
      View Details
    • Value Estimation
      $1,700,000
      1,672 SF

      20 Norwood Ave

      FINANCIAL BUILDING • 1,672 SF
      20 Norwood Ave, Long Branch, NJ 07740
      View Details
    • Value Estimation
      $4,630,000
      3,570 SF

      160 Brighton Ave

      FINANCIAL BUILDING • 3,570 SF
      160 Brighton Ave, Long Branch, NJ 07740-5302
      View Details
    • Value Estimation
      $350,000
      1,470 SF

      215 3rd Ave

      LIQUOR STORE • 1,470 SF
      215 3rd Ave, Long Branch, NJ 07740-6201
      View Details
    • Value Estimation
      $2,210,000
      4,590 SF

      155 Brighton Ave

      GROCERY, SUPERMARKET • 4,590 SF
      155 Brighton Ave, Long Branch, NJ 07740-5338
      View Details

    Similar Nearby for Sale

    • $75,000
      2,080 SF

      Turn Key Convenience Store

      Well-established convenience store with lottery and ATM in Long Branch.
      492 Joline Ave Unit, Long Branch, NJ 07740
      View Details
    • $1,500,000
      4,808 SF

      Mixed-Use Property in Long Branch

      Mixed-use property with apartments and storefronts in Long Branch, NJ.
      192-194 Westwood Ave, Long Branch, NJ 07740
      View Details
    • $999,000
      3,991 SF

      Mixed-Use Building Near Beach

      Mixed-use property in a fast-growing area, blocks from the beach.
      307 Branchport Ave, Long Branch, NJ 07740
      View Details
    • $985,000
      1,680 SF

      Riverfront Commercial Building For Sale

      Riverfront commercial building with 184 ft of bulkhead.
      401 Liberty St, Long Branch, NJ 07740
      View Details
    • $985,000
      1,680 SF

      Riverfront Commercial Building in Long Branch

      Riverfront commercial building on over 1/3 acre lot.
      401 Liberty St, Long Branch, NJ 07740
      View Details
    • $164,999

      Profitable Deli and Pizzeria

      Turnkey deli and pizzeria near the beach in Long Branch.
      156 Long Branch Ave, Long Branch, NJ 07740
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo
      Pending

      Retail Space in Long Branch

      Versatile corner retail space available immediately in Long Branch, NJ.
      651 2Nd Ave, Long Branch, NJ 07740
      View Details
    • $2,500 /Mo
      2,713 SF

      Retail Space on Corner Location

      Retail space for lease in mixed-use building with parking.
      209 Norwood Ave, Long Branch, NJ 07740
      View Details
    • Contact for pricing
      9,512 SF

      Long Branch Warehouse - 9,512 SF

      Prime Monmouth County warehouse, 9,512 SF available.
      500 Joline Ave, Long Branch, NJ 07740
      View Details
    • Contact for pricing

      Versatile Coastal Commercial Space

      2,000 sqft commercial space, one block from the beach.
      150 Ocean Ave N, Long Branch, NJ 07740
      View Details
    • Contact for pricing
      2,884 SF

      Retail Space Near Resort Destinations

      Retail space with full turning motions near downtown and Monmouth Park.
      208 Branchport Ave, Long Branch, NJ 07740
      View Details
    • $2,850 /Mo

      Prime Commercial Space in Long Branch

      High-traffic location near beaches, university, and upcoming Netflix development.
      15 Norwood Ave, Long Branch, NJ 07740
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Broadway
    Long Branch, NJ 07740-5412
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.