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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Drug stores
800 5th Ave Asbury Park, NJ 07712-5342
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0099248
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1900
Total area
14,400 SF
Lot
0.08 ac (3,498 SF)
Zoning code
MSSP
APN
04 02801-0000-00004
UPID
US59-0099248
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$935k
Owner & transaction history
800 5th Avenue LLC · 20 yrs held
800 5th Avenue LLC
since 2006
5 recorded transactions
Zoning & alternative use
MSSP · Asbury Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+0.8%
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 Asbury Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asbury Park 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,450,000
Current use
RESTAURANT
$1,460,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,320,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$1,315,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$65 / 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
$34,420
Tax year 2023
Assessed value
$2,326,300
Assessed 2024
Previous assessed
$2,326,300
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$303,800
Assessed improvement
$2,022,500
Land market value
$303,800
Improvement market value
$2,022,500
Total market value
$2,326,300
Applied tax rate
4.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
14,400 SF
Lot
0.08 ac (3,498 SF)
Zoning code
MSSP
APN
04 02801-0000-00004
UPID
US59-0099248
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
MSSP · Asbury Park, NJZoning MSSP · permitted uses
MSSP · Asbury Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
Year built
1900
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
800 5th Avenue LLC
Entity
Mailing address
1923 MCDONALD AVE #92, BROOKLYN, NY 11223-1828
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
—
800 5th Avenue LLC
—
Deed
related
$1,200,000 · Investors Bank
Sep 21, 2016
—
800 5th Avenue LLC
—
Deed
related
$865,000 · Investors Bk
Mar 8, 2006
—
800 5th Avenue LLC
800 5th Avenue LLC
Quit Claim Deed
related
$1,050,000 · American Bank Nj
Oct 4, 2004
$1,425,000
800 Fifth Avenue LLC
Ap Property Group LLC
Grant Deed
—
—
—
800 5th Avenue LLC
—
Deed Of Trust
related
$865,000 · Investors Bk
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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