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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Medical Office Space
64 Main Ave Ocean Grove, NJ 07756-2029
Individually Owned
30-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0741176
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1900
Construction
FRAME
Total area
4,944 SF
Lot
0.09 ac (3,840 SF)
Zoning code
HDC
APN
35 00208-0000-00006
UPID
US59-0741176
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
-
Ocean Grove Family Dentistry Dental Office
-
Whilden Dale C DDS Dental Office
-
Dr. Sarah C. Brevet Dental Office
-
Dr. Murphy Sieg Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Robert J Kircher
Robert J Kircher
4 recorded transactions
Zoning & alternative use
HDC · Ocean Grove, 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 Ocean Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Grove 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
OFFICE BUILDING
$965,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$740,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$515,000
Change: 0% · Conversion: Easy
RETAIL STORES
$500,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$450,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$151 / 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
$13,679
Tax year 2022
Assessed value
$997,800
Assessed 2023
Previous assessed
$997,800
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$570,000
Assessed improvement
$427,800
Land market value
$570,000
Improvement market value
$427,800
Total market value
$997,800
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Buildings
1
Stories
3
Total area
4,944 SF
Lot
0.09 ac (3,840 SF)
Zoning code
HDC
APN
35 00208-0000-00006
UPID
US59-0741176
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HDC · Ocean Grove, NJZoning HDC · permitted uses
HDC · Ocean Grove, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$515,000
RETAIL STORES
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$450,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1900
Construction
FRAME
Heating
NONE
Stories
3
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Robert J Kircher
Individual
Mailing address
1 OCEAN AVE APT #9, OCEAN GROVE, NJ 07756-2111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
Robert J Kircher
—
Deed Of Trust
related
$227,073 · Advantage Fin'l Mtg Bankers
—
—
Robert Kircher
—
Deed Of Trust
related
$174,000 · Jersey Mortgage Co
—
—
Robert J Kircher
—
Deed Of Trust
related
$25,000 · Central Jersey Bank & Trust Co
—
—
Robert J Kircher
—
Deed Of Trust
related
$235,000 · Jersey Mortgage Co
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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