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Property profile & analytics
FOR LEASE
Commercial real estate
871 Broadway ground floor , West Long Branch, NJ 07764
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-3125279
For Lease
1 / 13
$20 SF/Yr
871 Broadway,Unit ground floor , West Long Branch, NJ 07764
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
2,330 SF
Lot
0.17 ac (7,191 SF)
Zoning code
NC
APN
53 00013-0000-00018
UPID
US59-3125279
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
Current use
Occupant on record · Public records
-
Lilia's Beauty Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$550k
Owner & transaction history
Broadway 871 Ventures LLC · 1 yrs held
Broadway 871 Ventures LLC
since 2024
Last sale
$551,650
7 recorded transactions
Zoning & alternative use
NC · West Long Branch, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Long Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Long Branch 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$605,000
Current use
OFFICE BUILDING
$575,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $552k (Dec 24 2024)
Last sale anchor
$552k
Dec 24 2024
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
$236 / 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
$7,266
Tax year 2022
Assessed value
$505,700
Assessed 2023
Previous assessed
$505,700
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$239,100
Assessed improvement
$266,600
Land market value
$239,100
Improvement market value
$266,600
Total market value
$505,700
Applied tax rate
53.0000
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
For Lease
Year built
1920
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Total area
2,330 SF
Lot
0.17 ac (7,191 SF)
Zoning code
NC
APN
53 00013-0000-00018
UPID
US59-3125279
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
NC · West Long Branch, NJ
Zoning NC · permitted uses
NC · West Long Branch, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Long Branch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$605,000
OFFICE BUILDING
Est. value
$575,000
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
1920
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Broadway 871 Ventures LLC
Entity
Free & Clear · 1 yrs held
Mailing address
255 HOCKHOCKSON, TINTON FALLS, NJ 07724-4411
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2024
$551,650
Broadway 871 Ventures LLC
871 Broadway LLC
Deed
—
Jul 24, 2018
—
871 Broadway LLC
—
Deed
related
$272,156 · First Constitution Bk
May 2, 2018
—
871 Broadway LLC
—
Deed
related
$272,156 · First Constitution Bk
Dec 20, 2007
—
871 Broadway LLC
Jewell,john G & Carole A S
Quit Claim Deed
related
—
Oct 31, 2005
$470,000
John G Jewell
Boos,arthur
Grant Deed
—
—
—
871 Broadway LLC
—
Deed Of Trust
related
$356,250 · Rumson Fair Haven Bk&tr
—
—
871 Broadway LLC
—
Deed Of Trust
related
$272,156 · First Constitution Bk
—
—
871 Broadway LLC
—
Deed Of Trust
related
$272,156 · First Constitution 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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