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Property profile

700 Summerfield Ave Asbury Park, NJ 07712

FOR LEASE
Other commercial real estate
Property ID
US59-1151144
2,450 SF 0.03 ac lot Built 1919
Last sale Feb 2026 · $725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
700 Summerfield Ave, Asbury Park, NJ 07712 For Lease
$3,500/Mo 2,500 SF available
700 Summerfield Ave, Asbury Park, NJ 07712
View Listing

Property summary

AI-generated overview

The property at 700 Summerfield Avenue #Building in Asbury Park is a historic office building located in the downtown business district and presented as a large corner building. It is configured over two floors with exposed brick and hardwood flooring. The interior includes recessed lighting, three private offices, and a kitchenette and a full bathroom on each level, with an additional full shower on the second floor. A full basement provides additional storage. The building includes…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$616k
Assessed land$304k
Assessed improvement$313k
Effective rate1.55%

Value estimate

· Oct 2026
$320k
$288k – $352k
CAP approach$510k
NOI build-up
Gross scheduled income$75k
Vacancy & credit loss−$24k
Operating expenses−$13k
NOI · 1,092.86% cap applied$38k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$255/SF
ZIP average, outlier-cleaned · 69 recorded sales of this use type
Observed band · Q1–Q3$152 – $370
Qualifying comparables15

Cap rate analysis

How does the asset earn?
1,092.86%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
S-25
JurisdictionMONMOUTH

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office16.7
Accounting Firm10.9
Locksmith9.8

Location

700 Summerfield Ave Asbury Park, NJ 07712
County assessor Recorded deeds · 3 transfers 15 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1707 Asbury, Asbury Park, NJ 07712-6301 $350,000 Nov 2024 2,688 SF
806 Main, Asbury Park, NJ 07712-5910 $1,650,000 Oct 2024 3,118 SF
721 Cookman, Asbury Park, NJ 07712-7007 $660,000 Aug 2024 2,136 SF
509 2nd, Asbury Park, NJ 07712-6134 $1,970,000 Mar 2024 4,622 SF
Allaire Ave At Bloomfield, Ocean, NJ 07712 $575,000 Mar 2024 4,110 SF
1215 Sunset, Asbury Park, NJ 07712-4923 $1,150,000 Jun 2023 1,676 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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