Entity Owned Property summary
AI-generated overview
655 Westwood Avenue in Long Branch, New Jersey is an existing multifamily property configured as an 8-family apartment building on an oversized 125 ft by 494 ft lot (approximately 1.3 acres). The site is improved with the multifamily structure and features a large land footprint that can support future development or redevelopment planning. The property is located in an established residential area near the beach and within reach of shopping and dining, Monmouth University, and major transportation routes. The listing provided a total property size of 5,146 in unspecified units.
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Total area
5,146 SF
Lot
1.25 ac (54,250 SF)
Zoning code
R-2
APN
27 00100-0000-00015
UPID
US59-0567426
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.12M
Owner & transaction history
since 2021
Last sale
$915,000
2 recorded transactions
Zoning & alternative use
R-2 · Long Branch, NJ
Zoning description
R-2 zoning for properties in the boundaries of the MUO District, but rather shall supplement those provisions of § 345-21 of the Code. D. Permitted uses. Permitted uses shall be as follows: (1) Buildings or structures cu…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.12M
Value range
$1.01M – $1.23M
±10% around blend
Estimated value / SF
$218 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$1.01M
blend $1.12M
$1.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,146 SF
Lot area
1.25 ac
Year built
1900
Stories
3
APN
27 00100-0000-00015
Zoning
R-2
Assessed value
$984,000
Annual tax
$13,510
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.33M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.44M
@ 6.5% CAP return
$1.33M
@ 7% CAP return
$1.23M
4
Sales comparison
Partial preview
Sales approach indication
$1.19M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.9 mi away · 5,148 SF
22.5 mi away · 5,289 SF
23.6 mi away · 6,638 SF
23.6 mi away · 3,942 SF
23.7 mi away · 4,980 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.12M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 99 sales
$264
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $218/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
7.70%
Implied, in-place cap rate for this residential income homes
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.70%
9.0%
NOI (est.)
$64k *
Last sale · Mar 2021
$915k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$832k
Move the market yield to see immediate price impact.
Value / SF
$162
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.20%7.70%8.20%
$58k
$801k
$749k
$703k
$64k
$890k
$832k
$781k
$70k
$979k
$915k
$859k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$1.39M
21.9 mi · Nov 2025 · $270/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,510
Tax year 2022
Assessed value
$984,000
Assessed 2023
Previous assessed
$984,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$612,900
Assessed improvement
$371,100
Land market value
$612,900
Improvement market value
$371,100
Total market value
$984,000
Applied tax rate
27.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Heating
FLOOR/WALL FURNACE
Buildings
1
Stories
3
Units
1
Total area
5,146 SF
Lot
1.25 ac (54,250 SF)
Zoning code
R-2
APN
27 00100-0000-00015
UPID
US59-0567426
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Long Branch, NJZoning R-2 · permitted uses
R-2 · Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
R-2 zoning for properties in the boundaries of the MUO District, but rather shall supplement those provisions of § 345-21 of the Code. D. Permitted uses. Permitted uses shall be as follows: (1) Buildings or structures cu…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
FLOOR/WALL FURNACE
Stories
3
Buildings
1
Units
1
Lot
1.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R-2
RESIDENTIAL
Jurisdiction
Long Branch, NJ
Recorded code
R-2
Official district
R-2
Official district profile
What the municipal code says about R-2
Zoning description
R-2 zoning for properties in the boundaries of the MUO District, but rather shall supplement those provisions of § 345-21 of the Code. D. Permitted uses. Permitted uses shall be as follows: (1) Buildings or structures cu…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-2 in Long Branch, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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