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Property profile & analytics
FOR LEASE
Commercial real estate
658 Cookman Ave Asbury Park, NJ 07712
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0782251
For Lease
1 / 6
$900-$1,500/Mo
658 Cookman Ave, Asbury Park, NJ 07712
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1924
Construction
BRICK
Total area
18,130 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CARC
APN
04 02404-0000-00002
UPID
US59-0782251
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Vanessa Koppel · 2 yrs held
Vanessa Koppel
since 2024
Last sale
$986,000
3 recorded transactions
Zoning & alternative use
CARC · Asbury Park, 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 Asbury Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asbury Park 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
$985,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $986k (Feb 2 2024)
Last sale anchor
$986k
Feb 2 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
$54 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$47,153
Tax year 2023
Assessed value
$3,050,000
Assessed 2024
Previous assessed
$3,050,000
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,088,800
Assessed improvement
$1,961,200
Land market value
$1,088,800
Improvement market value
$1,961,200
Total market value
$3,050,000
Applied tax rate
4.0000
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
For Lease
Year built
1924
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
18,130 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CARC
APN
04 02404-0000-00002
UPID
US59-0782251
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
CARC · Asbury Park, NJZoning CARC · permitted uses
CARC · Asbury Park, 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
1924
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Vanessa Koppel
Individual
Mailing address
17 E LINCOLN AVE, ATLANTIC HIGHLANDS, NJ 07716-1226
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$986,000
Vanessa Koppel
John Ryan Coombs
Deed
$887,400 · Movement Mortgage
Aug 29, 2005
—
Cookman Asbury Assocs IV LLC
Cookman Asbury Assocs III LLC
Quit Claim Deed
related
—
—
—
Cookman Asbury Assocs IV LLC
—
Deed Of Trust
related
$1,000,000 · Peapack Gladstone Bank
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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