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Property profile & analytics
OFF-MARKET
Estimated value
$125,000
Commercial real estate
612 Washington St Toms River, NJ 08753-6712
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1611152
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1961
Construction
FRAME
Total area
1,878 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R90
APN
08 00692- 01-00012
UPID
US59-1611152
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
-
Lillian Dean Dance Studio Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$125k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$125k
Owner & transaction history
4 Mills LLC · 1 yrs held
4 Mills LLC
since 2024
Last sale
$125,000
6 recorded transactions
Zoning & alternative use
R90 · 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
$125,000
ML approach
$125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$125k
Range $113k – $138k · ±10% · vs last sale $125k (Nov 25 2024)
Last sale anchor
$125k
Nov 25 2024
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
$67 / 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
$5,329
Tax year 2022
Assessed value
$319,300
Assessed 2023
Previous assessed
$319,300
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$222,000
Assessed improvement
$97,300
Land market value
$222,000
Improvement market value
$97,300
Total market value
$319,300
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
1961
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
1,878 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R90
APN
08 00692- 01-00012
UPID
US59-1611152
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R90 · Toms River, NJZoning R90 · permitted uses
R90 · Toms River, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
4 Mills LLC
Entity
Mailing address
476 MADISON AVE, TOMS RIVER, NJ 08753-6725
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$125,000
4 Mills LLC
Gha Washington Realty LLC
Deed
$125,000 · Gha Washington Realty LLC
Mar 17, 2014
$58,000
Gha Washington Realty LLC
Plymouth Park Tax Services LLC
Grant Deed
$65,000 · Stuart Milisci
—
—
Meghan L Miller
—
Deed Of Trust
related
$313,000 · David G Paulus
—
—
Meghan L Miller
—
Deed Of Trust
related
$24,000 · Upland Mortgage
—
—
Meghan L Miller
—
Deed Of Trust
related
$192,000 · Homeamerican Credit INC
—
—
Meghan L Miller
—
Deed Of Trust
related
$130,000 · Executive Mortgage Bankers Ltd
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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