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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Commercial real estate
807 State Rte 35 Ocean, NJ 07712-4546
Entity Owned
6-yr Hold
Free & Clear
Property ID
US59-1971978
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
11,988 SF
Lot
0.89 ac (38,768 SF)
Zoning code
340
APN
37 00137-0000-00001
UPID
US59-1971978
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
$4.71M
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$4.43M
Blend (final)
Blend
$3.99M
Owner & transaction history
807 Nj 35 LLC · 6 yrs held
807 Nj 35 LLC
since 2020
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
340 · Ocean, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.2M
+3.7%
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 Ocean submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean 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
$4,695,000
ML approach
$4,710,000
CAP Approach
CAP Return
Estimation
6%
$2,695,000
6.5%
$2,490,000
7%
$2,310,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,055,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,170,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$2,955,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,470,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±10% · vs last sale $3.80M (Jan 30 2020)
Last sale anchor
$3.80M
Jan 30 2020
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
$332 / 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
$46,488
Tax year 2022
Assessed value
$3,247,700
Assessed 2023
Previous assessed
$3,247,700
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$1,240,000
Assessed improvement
$2,007,700
Land market value
$1,240,000
Improvement market value
$2,007,700
Total market value
$3,247,700
Applied tax rate
37.0000
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
Year built
2003
Heating
NONE
Buildings
1
Total area
11,988 SF
Lot
0.89 ac (38,768 SF)
Zoning code
340
APN
37 00137-0000-00001
UPID
US59-1971978
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
340 · Ocean, NJZoning 340 · permitted uses
340 · Ocean, 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
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2003
Heating
NONE
Buildings
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
807 Nj 35 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
77 BLOOMFIELD AVE, PINE BROOK, NJ 07058-9716
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2020
—
807 Nj 35 LLC
—
Deed
related
$2,850,000 · Investors Bk
Jan 30, 2020
$3,800,000
807 Nj 35 LLC
Pag New Jersey Jl1 LLC
Grant Deed
—
Nov 19, 2019
$3,900,000
Pag New Jersey Jl1 LLC
Nordon Realty Associates
Grant Deed
—
Jun 12, 2018
—
Nordon Realty Associates
—
Deed
related
$675,000 · Branch Bk&tr
Jul 29, 2015
$3,900,000
Nordon Realty Associates
Nelson-schneider Realty LLC
Grant Deed
—
Sep 4, 2014
—
Ocean Township
Nelson-schneider Realty LLC
Grant Deed
related
—
—
—
Nelson-schneider Realty LLC
—
Loan Modification
related
$1,449,027 · Vw Credit
—
—
Nordon Realty Associates
—
Deed Of Trust
related
$200,000 · Snj2 Investments LLC
—
—
Nelson-schneider Realty LLC
—
Loan Modification
related
$2,700,000 · Vw Credit
—
—
Nordon Realty Assocs
—
Loan Modification
related
$350,000 · Smj2 Investments LLC
—
—
Nordon Realty Associates
—
Deed Of Trust
related
$675,000 · Branch Bk&tr
—
—
807 Nj 35 LLC
—
Deed Of Trust
related
$2,850,000 · 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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