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

    700-702 Joline Ave, Unit 702 Long Branch, NJ 07740-5833

    • Commercial real estate
    • 29,627 SF
    • 3.19 lot acres
    OFF-MARKET
    Last Sale
    May 14, 2021
    $5,100,000
    Value Estimations
    $5,570,000
    Show details
    Cap Rate Potential
    6.7%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-1182998
    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 700-702 Joline Ave

    Year built
    1962
    Lot size
    3.19 lot acres
    Property size
    29,627 SF
    Zone code
    MB
    Property type
    Commercial real estate
    APN
    27 00345-0000-00001
    APU
    2700345000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,955,000
      ML approach
      $5,765,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,665,000
      6.5%
      $6,155,000
      7%
      $5,715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,347,000
      Market price range: $4.00M - $10.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,095,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $7,830,000
      Change: +10% Conversion: Moderate
      OFFICE BUILDING
      $7,305,000
      Change: +3% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $6,105,000
      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
    -74.0109
    Latitude
    40.3039
    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
    $61,089
    $1,084,600
    $2,766,900
    $3,851,500
    -
    $1,084,600
    $2,766,900
    $3,851,500

    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
      $1,210,000
      5,953 SF

      676 Patten Ave

      COMMERCIAL (GENERAL) • 5,953 SF
      676 Patten Ave, Long Branch, NJ 07740-7807
      View Details
    • Value Estimation
      $3,640,000
      34,600 SF

      279 Broadway101-610

      COMMERCIAL (GENERAL) • 34,600 SF
      279 Broadway101-610, Long Branch, NJ 07740-6940
      View Details
    • Value Estimation
      $1,080,000
      8,414 SF

      179 Branchport Ave

      COMMERCIAL (GENERAL) • 8,414 SF
      179 Branchport Ave, Long Branch, NJ 07740-5969
      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

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Condominium Residences with Ocean Views

      132 condominium residences with resort-style amenities and ocean views.
      392 Ocean Ave, Long Branch, NJ 07740
      View Details
    • $999,000
      Pending

      Oceanfront Condo with Harbor Views

      Three-bedroom condo with ocean views and extensive amenities.
      675 Ocean Ave, Long Branch, NJ 07740
      View Details
    • New
      $2,999,000
      5,685 SF

      Long Branch Turnkey Investment Property

      Fully leased commercial building in a high-traffic Long Branch location.
      11-23 Norwood Ave, Long Branch, NJ 07740
      View Details
    • $149,000

      Turnkey Restaurant & Pizzeria Opportunity

      High-end restaurant and pizzeria in a prime Long Branch location.
      11 Norwood Ave, Long Branch, NJ 07740
      View Details
    • $1,500,000
      Pending

      Mixed-Use Property in Long Branch

      Mixed-use property with apartments and storefronts in Long Branch, NJ.
      192-194 Westwood Ave, Long Branch, NJ 07740
      View Details
    • $1,100,000
      Pending

      Mixed-Use Property: Income Potential

      Versatile property with residential and commercial income potential in Long Branch.
      21 2Nd 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
    • $2,850 /Mo
      1,460 SF

      Prime Retail Space in Long Branch

      High-traffic commercial space near Monmouth University and upcoming Netflix development.
      15 Norwood Ave, Long Branch, NJ 07740
      View Details
    • $1,000 /Mo

      Flexible Commercial Space in Long Branch

      Versatile 600 sq ft space ideal for various business uses.
      605 Broadway Unit Rear, Long Branch, NJ 07740
      View Details
    • $2,500 /Mo
      1,225 SF

      Retail Space Near Elberon Station

      Retail space near train and beach in historic Elberon.
      1198 Lincoln Ct, Long Branch, NJ 07740
      View Details
    • $2,000 /Mo
      1,000 SF

      First Floor Office Near Train

      Office space for rent with private bathroom and parking.
      1141 Lincoln Sq, Elberon, NJ 07740
      View Details
    • $2,000 /Mo
      1,000 SF

      Elberon Office Space For Rent

      First floor office space with private bathroom and parking.
      1141 Lincoln Sq, Elberon, 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.
    700-702 Joline Ave, Unit 702
    Long Branch, NJ 07740-5833
    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!