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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Commercial real estate
800 Central Ave 2 Seaside Park, NJ 08752-1832
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1387448
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1955
Construction
FRAME
Total area
2,579 SF
Lot
0.08 ac (3,600 SF)
Zoning code
BU
APN
28 00021-0000-00004
UPID
US59-1387448
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
$745k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$735k
Owner & transaction history
Sp Central LLC · 3 yrs held
Sp Central LLC
since 2023
Last sale
$730,000
5 recorded transactions
Zoning & alternative use
BU · Seaside Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to encourage the development of both commercial and residential properties by providing for a more expansive use of the area through less restrictive regulations
Zone name
Business Zone
General category
COMMERCIAL
Zone area
14.90 ac
Source
Realmo
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 Seaside Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside 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
$735,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$460,000
7%
$425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Current use
OFFICE BUILDING
$615,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $730k (Mar 9 2023)
Last sale anchor
$730k
Mar 9 2023
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
$285 / 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
$5,915
Tax year 2022
Assessed value
$381,100
Assessed 2023
Previous assessed
$381,100
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$198,000
Assessed improvement
$183,100
Land market value
$198,000
Improvement market value
$183,100
Total market value
$381,100
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1955
Construction
FRAME
Heating
RADIANT
Stories
2
Units
1
Bathrooms
2
Total area
2,579 SF
Lot
0.08 ac (3,600 SF)
Zoning code
BU
APN
28 00021-0000-00004
UPID
US59-1387448
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BU · Seaside Park, NJZoning BU · permitted uses
BU · Seaside Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zone is to encourage the development of both commercial and residential properties by providing for a more expansive use of the area through less restrictive regulations
Zone name
Business Zone
General category
COMMERCIAL
Zone area
14.90 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$740,000
OFFICE BUILDING
Est. value
$615,000
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
Year built
1955
Construction
FRAME
Heating
RADIANT
Stories
2
Units
1
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Sp Central LLC
Entity
Mailing address
800 SE CENTRAL AVE #2, SEASIDE PARK, NJ 08752-1832
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
$730,000
Sp Central LLC
Charles Miller
Deed
—
Dec 10, 2020
—
Charles J Miller
—
Deed
related
$200,000 · Brunswick Bank & Trust Co
Jan 7, 2020
—
Charles Miller
Avenue 800-02 S C Trust
Grant Deed
related
—
Sep 5, 2012
—
800-02 Se Central Avenue Trust
Miller,charles J
Grant Deed
—
—
—
Charles J Miller
—
Deed Of Trust
related
$100,000 · Wachovia Bank NA
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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