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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Individual retail properties
600 Essex Rd Neptune, NJ 07753-2615
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-2781517
Property profile
Verified
Property type
Individual retail properties
Use group
LIQUOR STORE
Year built
1973
Total area
11,250 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C-1
APN
35 03902-0000-00002
UPID
US59-2781517
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
-
Neptune Super Buy-Rite (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.50M
Owner & transaction history
State Of New Jersey Department Of T · 2 yrs held
State Of New Jersey Department Of T
since 2024
2 recorded transactions
Zoning & alternative use
C-1 · Neptune, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+56.7%
Auto repair, garage
$1.7M
+48.5%
Apartment house (5+ units)
$1.5M
+30.1%
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 Neptune submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Neptune 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,135,000
Current use
OFFICE BUILDING
$1,775,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,685,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,475,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,420,000
Change: +25% · Conversion: Easy
RESTAURANT
$1,140,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$1,035,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$133 / 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
$48,889
Tax year 2022
Assessed value
$2,607,900
Assessed 2023
Previous assessed
$2,607,900
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$294,600
Assessed improvement
$2,313,300
Land market value
$294,600
Improvement market value
$2,313,300
Total market value
$2,607,900
Applied tax rate
35.0000
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
Individual retail properties
Use group
LIQUOR STORE
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
1
Total area
11,250 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C-1
APN
35 03902-0000-00002
UPID
US59-2781517
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Neptune, NJ
Zoning C-1 · permitted uses
C-1 · Neptune, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Neptune. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
1973
Heating
NONE
Buildings
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
State Of New Jersey Department Of T
Entity
Free & Clear · 2 yrs held
Mailing address
600 ESSEX RD #600, NEPTUNE, NJ 07753-2615
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$210,000
State Of New Jersey Department Of T
Wcs Group LLC
Deed
—
Aug 3, 2017
$1,243,125
Wcs Group LLC
International Dev Corp
Grant Deed
—
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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