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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Commercial real estate
700 Ocean Ave 708 Point Pleasant Beach, NJ 08742-3267
Entity Owned
~
Est. High Equity
Property ID
US59-1944192
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
2,012 SF
Lot
1.43 ac (62,500 SF)
Zoning code
RC
APN
26 00066-0000-00001
UPID
US59-1944192
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
-
Sailor's Knot Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$421k
Blend (final)
Blend
$505k
Owner & transaction history
County Of Ocean
County Of Ocean
since 2025
3 recorded transactions
Zoning & alternative use
RC · Point Pleasant Beach, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Amusement buildings, devices, rides and structures only in that portion of the RC Zone shown on the Official Zoning Map and conditionally permitting such use and further subject to Subsection 19-12.3e . 2. Restaurants including takeout restaurants provided: (a) The Restaurant is located on the east side of Ocean Avenue only; and (b) The condition and operati…
Zone name
Resort Commercial
General category
COMMERCIAL
Zone area
67.72 ac
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 Point Pleasant Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Point Pleasant Beach 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
$490,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$360,000
7%
$330,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
OFFICE BUILDING
$480,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$251 / 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
$71,236
Tax year 2022
Assessed value
$4,400,000
Assessed 2023
Previous assessed
$4,400,000
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$4,356,600
Assessed improvement
$43,400
Land market value
$4,356,600
Improvement market value
$43,400
Total market value
$4,400,000
Applied tax rate
26.0000
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
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,012 SF
Lot
1.43 ac (62,500 SF)
Zoning code
RC
APN
26 00066-0000-00001
UPID
US59-1944192
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
RC · Point Pleasant Beach, NJZoning RC · permitted uses
RC · Point Pleasant Beach, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Amusement buildings, devices, rides and structures only in that portion of the RC Zone shown on the Official Zoning Map and conditionally permitting such use and further subject to Subsection 19-12.3e . 2. Restaurants including takeout restaurants provided: (a) The Restaurant is located on the east side of Ocean Avenue only; and (b) The condition and operation of any restaurant will not result in the reduction of any existing off-street parking serving uses in the RC Zone. 3. Bed-and-breakfast inns (subject to Subsection 19-12.3f) . [ Ord. No. 2016-15 ] c. Permitted Accessory Uses. 1. Off-street parking (see Subsection 19-11.7 ). 2. Signs (in accordance with Ch. 17 ). [Amended 2-16-2021 by Ord. No. 2021-02 ; 6-15-2021 by Ord. No. 2021-29 ] 3. Fences and walls (see Subsection 19-11.4 ) [ Ord. No. 2016-15 ] d. Area and Bulk Requirements. See Schedule of Zoning District Regulations. [1] [1]
Zone name
Resort Commercial
General category
COMMERCIAL
Zone area
67.72 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$480,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
County Of Ocean
Entity
Mailing address
500 BOARDWALK, POINT PLEASANT BEACH, NJ 08742-3286
Ownership since
2025
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
Oct 15, 2025
—
County Of Ocean
Afmv LLC
Deed
—
Feb 8, 2019
$7,100,000
Afmv LLC
Risdens Beach Corp
Grant Deed
$1,000,000 · Risdens Corp
—
—
Risdens Beach Corp
—
Deed Of Trust
related
$630,000 · Jacqueline Risden
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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