Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Office Spaces
670 Beers St 9 Holmdel, NJ 07733-1516
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-2018642
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1989
Total area
5,838 SF
Lot
6.68 ac (290,996 SF)
Zoning code
M
APN
20 00035-0000-00001- 01-C0309
UPID
US59-2018642
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
-
NAV-X LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Clients First Business Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Interventional Spine & Pain Associates of New Jersey, LLC Physician
-
Surya Girija MD Physician
-
Physical Therapy Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$970k
Owner & transaction history
Ocean Properties LLC · 9 yrs held
Ocean Properties LLC
since 2017
3 recorded transactions
Zoning & alternative use
M · Holmdel, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M MEDICAL DISTRICT. § 30-139.1 Regulations. § 30-139.2 Purpose. § 30-139.3 Uses Allowed by Right. § 30-139.4 Accessory Uses. § 30-139.5 Conditional Uses. § 30-139.6 Bulk and Design Requirements. § 30-139.7 Buffer. § 30-139.8 (Reserved)
Zone name
Medical
General category
UNKNOWN
Zone area
86.39 ac
Top alternative use upside
Apartment house (5+ units)
$1.5M
+7.2%
Commercial (general)
$1.5M
+5.2%
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 Holmdel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holmdel 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
$1,440,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,545,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,515,000
Change: +5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,205,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$166 / 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
$9,824
Tax year 2023
Assessed value
$615,800
Assessed 2024
Previous assessed
$615,800
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$412,000
Assessed improvement
$203,800
Land market value
$412,000
Improvement market value
$203,800
Total market value
$615,800
Applied tax rate
20.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1989
Heating
NONE
Units
1
Total area
5,838 SF
Lot
6.68 ac (290,996 SF)
Zoning code
M
APN
20 00035-0000-00001- 01-C0309
UPID
US59-2018642
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M · Holmdel, NJZoning M · permitted uses
M · Holmdel, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M MEDICAL DISTRICT. § 30-139.1 Regulations. § 30-139.2 Purpose. § 30-139.3 Uses Allowed by Right. § 30-139.4 Accessory Uses. § 30-139.5 Conditional Uses. § 30-139.6 Bulk and Design Requirements. § 30-139.7 Buffer. § 30-139.8 (Reserved)
Zone name
Medical
General category
UNKNOWN
Zone area
86.39 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1989
Heating
NONE
Units
1
Lot
6.68 ac
Current owner
From public records · entity-resolved
Ocean Properties LLC
Entity
Mailing address
670 N BEERS ST BLDG #3, HOLMDEL, NJ 07733-1543
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Apr 18, 2017
$1,490,000
Ocean Properties LLC
Debwal Investments LLC
Grant Deed
$745,000 · M&t Bk
—
—
Ocean Properties LLC
—
Deed Of Trust
related
$745,000 · M&t Bk
—
—
Ocean Properties LLC
—
Deed Of Trust
related
$612,000 · Trenton Busn Assistance
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 670 Beers St, Unit 9?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
