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Property profile & analytics
FOR SALE
Office buildings
675 Route 72 E Manahawkin, NJ 08050
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-1043694
For Sale
1 / 41
$1,800,000
675 Route 72 E, Manahawkin, NJ 08050
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
10,398 SF
Lot
1.74 ac (75,794 SF)
Zoning code
HC
APN
31 00147- 107-00056- 06
UPID
US59-1043694
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
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$2.51M
Owner & transaction history
Zack Realty LLC · 11 yrs held
Zack Realty LLC
since 2014
7 recorded transactions
Zoning & alternative use
HC · Manahawkin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.0M
+19.3%
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 Manahawkin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manahawkin 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%
$2,830,000
6.5%
$2,610,000
7%
$2,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,470,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,950,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,220,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±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
$241 / 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
$39,368
Tax year 2022
Assessed value
$1,672,400
Assessed 2023
Previous assessed
$1,672,400
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$382,900
Assessed improvement
$1,289,500
Land market value
$382,900
Improvement market value
$1,289,500
Total market value
$1,672,400
Applied tax rate
31.0000
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 buildings
Use group
OFFICE BUILDING
Status
For Sale
Heating
NONE
Units
1
Total area
10,398 SF
Lot
1.74 ac (75,794 SF)
Zoning code
HC
APN
31 00147- 107-00056- 06
UPID
US59-1043694
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HC · Manahawkin, NJ
Zoning HC · permitted uses
HC · Manahawkin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manahawkin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
Heating
NONE
Units
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Zack Realty LLC
Entity
Mailing address
675 RTE 72ND E, MANAHAWKIN, NJ 08050-3501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2019
—
Zack Realty LLC
—
Deed
related
$300,000 · Shore Cmnty Bk
Aug 25, 2017
—
Zack Realty LLC
—
Deed
related
$200,000 · Shore Cmnty Bk
Oct 17, 2014
—
Zack Realty LLC
Thomas,kevin B
Grant Deed
$2,900,000 · Alpha Prime LLC
Dec 31, 2012
—
Kevin B Thomas
Thomas,william P
Quit Claim Deed
related
—
Feb 4, 2009
—
William P Thomas
—
Deed Of Trust
related
$1,950,000 · Sun National Bank
—
—
Zack Realty LLC
—
Loan Modification
related
$300,000 · Shore Cmnty Bk
—
—
William P Thomas
—
Deed Of Trust
related
$750,000 · Sun National Bank
—
—
William P Thomas
—
Deed Of Trust
related
$100,000 · Sun National Bank
—
—
William P Thomas
—
Deed Of Trust
related
$350,000 · Sun National Bank
—
—
Zack Realty LLC
—
Deed Of Trust
related
$200,000 · Shore Cmnty Bk
—
—
William P Thomas
—
Deed Of Trust
related
$500,000 · Sun National Bank
—
—
William P Thomas
—
Deed Of Trust
related
$1,200,000 · Sun National 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.
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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