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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Commercial real estate
604 Main St Bradley Beach, NJ 07720-1011
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US59-0459076
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1915
Total area
8,870 SF
Lot
0.03 ac (1,342 SF)
Zoning code
GB
APN
08 00044-0000-00025
UPID
US59-0459076
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
-
Osaka Japanese Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.35M
Owner & transaction history
Birchwood Investors LLC · 13 yrs held
Birchwood Investors LLC
since 2013
6 recorded transactions
Zoning & alternative use
GB · Bradley Beach, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
lite antennas. § 450-25 Applicability to municipal uses on Borough property. Article V Zone Regulations § 450-26 R-1 Residential Single-Family Zone. § 450-27 (Reserved) § 450-28 R-B Residential Beachfront Zone. § 450-29 GB General Business Zone. § 450-29.1 GBW General Business West Zone. § 450-30 O-P Office Professional Zone. § 450-31 B-O-R Business, Office…
Zone name
General Business
General category
COMMERCIAL
Zone area
14.67 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 Bradley Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bradley Beach 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%
$1,995,000
6.5%
$1,840,000
7%
$1,710,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,185,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$152 / 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
$17,166
Tax year 2022
Assessed value
$1,781,500
Assessed 2023
Previous assessed
$1,781,500
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$758,500
Assessed improvement
$1,023,000
Land market value
$758,500
Improvement market value
$1,023,000
Total market value
$1,781,500
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
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
1915
Heating
NONE
Buildings
1
Total area
8,870 SF
Lot
0.03 ac (1,342 SF)
Zoning code
GB
APN
08 00044-0000-00025
UPID
US59-0459076
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GB · Bradley Beach, NJZoning GB · permitted uses
GB · Bradley Beach, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
lite antennas. § 450-25 Applicability to municipal uses on Borough property. Article V Zone Regulations § 450-26 R-1 Residential Single-Family Zone. § 450-27 (Reserved) § 450-28 R-B Residential Beachfront Zone. § 450-29 GB General Business Zone. § 450-29.1 GBW General Business West Zone. § 450-30 O-P Office Professional Zone. § 450-31 B-O-R Business, Office and Research Zone. § 450-31.1 Affordable housing overlay zones purpose. § 450-31.2
Zone name
General Business
General category
COMMERCIAL
Zone area
14.67 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.2M
OFFICE BUILDING
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
1915
Heating
NONE
Buildings
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Birchwood Investors LLC
Entity
Mailing address
1662 W END DR, POINT PLEASANT BORO, NJ 08742-5141
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
—
Birchwood Investors LLC
—
Deed
related
$1,274,000 · Magyar Bank
Mar 18, 2013
—
Birchwood Investors LLC
Birchwood INC
Quit Claim Deed
related
—
—
—
Birchwood INC
—
Deed Of Trust
related
$225,000 · Karen Birch
—
—
Birchwood INC
—
Deed Of Trust
related
—
—
—
Birchwood INC
—
Deed Of Trust
related
$300,000 · Central Jersey Bank & Trust Co
—
—
Birchwood INC
—
Deed Of Trust
related
$225,000 · Karen Birch
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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