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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Commercial real estate
87 Broad St Manasquan, NJ 08736-2930
Individually Owned
3-yr Hold
Free & Clear
Property ID
US59-1248412
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
FRAME
Total area
926 SF
Lot
0.19 ac (8,200 SF)
Zoning code
R-2
APN
29 00036-0000-00001- 01
UPID
US59-1248412
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
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Robert Dill · 3 yrs held
Robert Dill
since 2023
Last sale
$625,000
1 recorded transaction
Zoning & alternative use
R-2 · Manasquan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
shed. § 35-4.2 Zoning Map. § 35-4.3 Designation of Zones of Streets, Highways and Rights-of-Way. § 35-5 USE REGULATIONS APPLICABLE TO EACH ZONE. § 35-5.1 Applicability. § 35-5.2 R-1 One-Family Residential Zone. § 35-5.3 R-2 One-Family Residential Zone. § 35-5.4 R-3 One-Family Residential Zone. § 35-5.5 R-4 One-Family Residential Zone. § 35-5.6 R-5 One-Family…
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
458.17 ac
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 Manasquan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manasquan 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
$590,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $625k (Mar 27 2023)
Last sale anchor
$625k
Mar 27 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
$648 / 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
$5,564
Tax year 2022
Assessed value
$332,600
Assessed 2023
Previous assessed
$332,600
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$252,800
Assessed improvement
$79,800
Land market value
$252,800
Improvement market value
$79,800
Total market value
$332,600
Applied tax rate
29.0000
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
1960
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
926 SF
Lot
0.19 ac (8,200 SF)
Zoning code
R-2
APN
29 00036-0000-00001- 01
UPID
US59-1248412
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Manasquan, NJZoning R-2 · permitted uses
R-2 · Manasquan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
shed. § 35-4.2 Zoning Map. § 35-4.3 Designation of Zones of Streets, Highways and Rights-of-Way. § 35-5 USE REGULATIONS APPLICABLE TO EACH ZONE. § 35-5.1 Applicability. § 35-5.2 R-1 One-Family Residential Zone. § 35-5.3 R-2 One-Family Residential Zone. § 35-5.4 R-3 One-Family Residential Zone. § 35-5.5 R-4 One-Family Residential Zone. § 35-5.6 R-5 One-Family Residential Zone. § 35-5.7 R-M Residential Multifamily Zone. § 35-5.8 R-PM Planned
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
458.17 ac
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Robert Dill
Individual
Free & Clear · 3 yrs held
Mailing address
87 BROAD ST, MANASQUAN, NJ 08736-2930
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
$625,000
Robert Dill
Louis J Lustrino
Bargain And Sale Deed
—
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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