Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Banks
84 1st Ave Atlantic Highlands, NJ 07716-1289
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1577396
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1999
Total area
8,211 SF
Lot
0.22 ac (9,679 SF)
Zoning code
B-1
APN
05 00097-0000-00007
UPID
US59-1577396
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
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$1.04M
Owner & transaction history
First Avenue Holdings LLC · 3 yrs held
First Avenue Holdings LLC
since 2022
Last sale
$985,000
6 recorded transactions
Zoning & alternative use
B-1 · Atlantic Highlands, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+63.3%
Auto repair, garage
$1.2M
+25.0%
Apartment house (5+ units)
$1.1M
+9.5%
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 Atlantic Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic Highlands 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
$1,035,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$985,000
Current use
OFFICE BUILDING
$1,605,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,230,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,075,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$960,000
Change: -2% · Conversion: Difficult
RESTAURANT
$835,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$825,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $985k (Oct 7 2022)
Last sale anchor
$985k
Oct 7 2022
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
$126 / 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
$17,894
Tax year 2022
Assessed value
$1,036,500
Assessed 2023
Previous assessed
$1,036,500
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$748,600
Assessed improvement
$287,900
Land market value
$748,600
Improvement market value
$287,900
Total market value
$1,036,500
Applied tax rate
5.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
1
Stories
2
Total area
8,211 SF
Lot
0.22 ac (9,679 SF)
Zoning code
B-1
APN
05 00097-0000-00007
UPID
US59-1577396
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Atlantic Highlands, NJZoning B-1 · permitted uses
B-1 · Atlantic Highlands, 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
FINANCIAL BUILDING Current
Est. value
$985,000
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$960,000
RESTAURANT
Est. value
$835,000
RETAIL STORES
Est. value
$825,000
FINANCIAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
1999
Heating
NONE
Stories
2
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
First Avenue Holdings LLC
Entity
Mailing address
84 1ST AVE, ATLANTIC HIGHLANDS, NJ 07716-1289
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
$985,000
First Avenue Holdings LLC
Bay Operating Co LLC
Deed
$1,000,000 · Bay Operating Co LLC
Mar 27, 2019
—
Bay Operating Co LLC
—
Deed
related
$645,000 · Two River Cmnty Bk
—
—
Bay Operating Co LLC
—
Deed Of Trust
related
$645,000 · Two River Cmnty Bk
—
—
Bay Operating Co LLC
—
Deed Of Trust
related
$510,000 · Two River Community Bank
—
—
Bay Operating Co LLC
—
Deed Of Trust
related
$250,000 · Two River Community Bank
—
—
Bay Operating Co LLC
—
Deed Of Trust
related
$580,000 · Two River Community Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 84 1st Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
