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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Commercial real estate
700 Main St, West Creek, NJ 08092-3121
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0598304
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
35,010 SF
Lot
4.86 ac (211,484 SF)
Zoning code
LB
APN
31 00124-0000-00085- 02
UPID
US59-0598304
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
$2.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
700 S Main St LLC · 3 yrs held
700 S Main St LLC
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
LB · West Creek, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Creek 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
$2,260,000
ML approach
$2,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.10M (Mar 21 2022)
Last sale anchor
$2.10M
Mar 21 2022
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
$63 / 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
$57,241
Tax year 2023
Assessed value
$2,327,800
Assessed 2024
Previous assessed
$2,327,800
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$255,100
Assessed improvement
$2,072,700
Land market value
$255,100
Improvement market value
$2,072,700
Total market value
$2,327,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Units
1
Total area
35,010 SF
Lot
4.86 ac (211,484 SF)
Zoning code
LB
APN
31 00124-0000-00085- 02
UPID
US59-0598304
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LB · West Creek, NJ
Zoning LB · permitted uses
LB · West Creek, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Creek. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Units
1
Lot
4.86 ac
Current owner
From public records · entity-resolved
700 S Main St LLC
Entity
Mailing address
176 E BAY AVE, MANAHAWKIN, NJ 08050-3104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2023
$2,100,000
700 S Main St LLC
Hmh Hospitals Corporation
Deed
$1,680,000 · Columbia Bank
Mar 21, 2022
—
Hmh Hospital Corporation
Soch Properties I LLC
Deed
—
Jan 8, 2003
—
Soch Properties I LLC
Southern Ocean County Hospital
Grant Deed
$3,700,000 · Wachovia Bank NA
Dec 14, 2001
$200,000
Southern Ocean County Hospital
Mr2a-jf LP
Grant Deed
—
Dec 14, 2001
$2,100,000
Soch Properties 1 LLC
Mr2a-jv LP
Grant Deed
—
Oct 23, 2000
—
First Step INC
Stafford Pool & Fitness INC
Grant Deed
related
—
—
—
Soch Properties 1 LLC
—
Loan Modification
related
—
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.
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