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Property profile & analytics
OFF-MARKET Estimated value $625,000
Commercial real estate

707 Washington Ave Union Beach, NJ 07735-3444

4,150 SF 0.51 ac lot
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US59-2170562
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 4,150 SF
Lot 0.51 ac (22,100 SF)
Zoning code B-2
APN 50 00178-0000-00001
UPID US59-2170562
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
by Request
CAP Approach CAP
$860k
Comparable Approach Comparable
$792k
Blend (final) Blend
$625k
Owner & transaction history
Rani Holdings LLC · 15 yrs held
Rani Holdings LLC
since 2011
6 recorded transactions
2011
$350,000
2010
$325,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Union Beach, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-2 Highway Business Zone. [ Ord. No. 324 , § 10.6; Ord. No. 2005-55 ; Ord. No. 2006-81 ; Ord. No. 2009-133 ; Ord. No. 2009-150 , § 3; Ord. No. 2016-244 § 9; amended 7-17-2025 by Ord. No. 2025-363 ] a. Permitted Uses. Uses within the following categories shall be permitted uses within the highway business zone unless otherwise specified in subsection 13-10.6…

Zone name Highway Business
General category COMMERCIAL
Zone area 16.85 ac
Top alternative use upside
Office building $1.0M +35.5%
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