Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    676 Patten Ave Long Branch, NJ 07740-7807

    • Commercial real estate
    • 5,953 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0096760
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 676 Patten Ave

    Year built
    1883
    Lot size
    2.04 lot acres
    Property size
    5,953 SF
    Zone code
    R-7
    Property type
    Commercial real estate
    APN
    27 00488-0000-00011
    APU
    2700488000000011

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,340,000
      6.5%
      $1,235,000
      7%
      $1,150,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,003,000
      Market price range: $320k - $1.00M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,425,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,575,000
      Change: +10% Conversion: Moderate
      OFFICE BUILDING
      $1,470,000
      Change: +3% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,225,000
      Change: -14% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Branch
    County
    Monmouth
    State
    New Jersey
    Longitude
    -73.9933
    Latitude
    40.327
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $36,165
    $1,497,200
    $800,000
    $2,297,200
    -
    $1,497,200
    $800,000
    $2,297,200

    Comparable in this City

    • Value Estimation
      $560,000
      2,022 SF

      1285 Ocean Ave

      COMMERCIAL (GENERAL) • 2,022 SF
      1285 Ocean Ave, Long Branch, NJ 07740-4549
      View Details
    • Value Estimation
      $810,000
      3,853 SF

      229 Broadway

      COMMERCIAL (GENERAL) • 3,853 SF
      229 Broadway, Long Branch, NJ 07740-7001
      View Details
    • Value Estimation
      $795,000
      5,451 SF

      494 Broadway

      COMMERCIAL (GENERAL) • 5,451 SF
      494 Broadway, Long Branch, NJ 07740-5979
      View Details
    • Value Estimation
      $900,000
      8,102 SF

      560 Broadway

      COMMERCIAL (GENERAL) • 8,102 SF
      560 Broadway, Long Branch, NJ 07740-5964
      View Details
    • Value Estimation
      $3,270,000
      31,030 SF

      241 Chelsea Ave

      COMMERCIAL (GENERAL) • 31,030 SF
      241 Chelsea Ave, Long Branch, NJ 07740-6556
      View Details
    • Value Estimation
      $2,425,000
      12,304 SF

      1 Cooper Ave

      COMMERCIAL (GENERAL) • 12,304 SF
      1 Cooper Ave, Long Branch, NJ 07740-7404
      View Details

    Similar Nearby for Sale

    • $1,147,000
      1,914 SF

      Residential Land in Elberon

      Rare opportunity to build a home in Elberon, Long Branch.
      266 Albert Pl, Elberon, NJ 07740
      View Details
    • $580,000

      Waterfront Lot with CAFRA Approvals

      Waterfront lot with approvals, plans, and existing dock.
      9 Manahassett Park Dr, Long Branch, NJ 07740
      View Details
    • $1,400,000
      1,743 SF

      Established Retail Business For Sale

      Pet specialty retail business in a prime coastal location.
      15 Morris Ave, Long Branch, NJ 07740
      View Details
    • $1,400,000
      1,743 SF

      Established Retail Business Opportunity

      Pet specialty retail business for sale in coastal destination.
      15 Morris Ave, Long Branch, NJ 07740
      View Details
    • Contact for pricing

      Oceanview End-Unit Home

      Spacious home with ocean views, premier amenities, and vibrant surroundings.
      33 Cooper Ave, Long Branch, NJ 07740
      View Details
    • $699,000

      Well-Maintained Multi-Unit Property Near Beach

      Multi-unit property near the beach and NYC transit.
      479 Hampton Ave, Long Branch, NJ 07740
      View Details

    Similar Nearby for Lease

    • $75,000

      492 Joline Ave Unit, Unit 9

      Retail properties & Spaces
      492 Joline Ave Unit, Long Branch, NJ 07740
      View Details
    • Contact for pricing
      170,000 SF

      Pier Village Retail Spaces

      Oceanfront Retail Opportunity in NJ
      0 The Shops At Pier Vlg, Long Branch, NJ 07740
      View Details
    • Contact for pricing
      2,884 SF

      Retail Space Near Resort Destinations

      Retail space with full turning motions near downtown and Monmouth Park.
      208 Branchport Ave, Long Branch, NJ 07740
      View Details
    • Contact for pricing
      880 SF

      Renovated Condo Near Jersey Shore

      Completely renovated condo near the beach and revitalized Long Branch.
      364 Westwood Ave, Long Branch, NJ 07740
      View Details
    • New
      Contact for pricing
      Pending

      Renovated Office Space in Long Branch

      Renovated office space in West End, Long Branch, close to amenities.
      198 Brighton Ave, Long Branch, NJ 07740
      View Details
    • Contact for pricing

      Prime Commercial Space in Long Branch

      High-traffic location near beaches, university, and upcoming Netflix development.
      15 Norwood Ave, Long Branch, NJ 07740
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    676 Patten Ave
    Long Branch, NJ 07740-7807
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!