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Property profile & analytics
OFF-MARKET
Estimated value
$4,885,000
Commercial real estate
901 Warren Ave Spring Lake, NJ 07762-2143
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-2193701
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
23,868 SF
Lot
137.35 ac (5,982,966 SF)
Zoning code
R-1
APN
48 00025-0000-00011
UPID
US59-2193701
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
by Request
CAP Approach
CAP
$4.96M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$4.89M
Owner & transaction history
County Of Monmouth · 8 yrs held
County Of Monmouth
since 2017
7 recorded transactions
Zoning & alternative use
R-1 · Spring Lake, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+15.8%
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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,370,000
6.5%
$4,955,000
7%
$4,605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,535,000
Current use
OFFICE BUILDING
$7,570,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,310,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$4.89M
Range $4.40M – $5.37M · ±10%
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
$205 / 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
$406,819
Tax year 2022
Assessed value
$36,110,000
Assessed 2023
Previous assessed
$36,110,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$30,899,300
Assessed improvement
$5,210,700
Land market value
$30,899,300
Improvement market value
$5,210,700
Total market value
$36,110,000
Applied tax rate
48.0000
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
2000
Heating
FORCED AIR
Buildings
1
Units
1
Total area
23,868 SF
Lot
137.35 ac (5,982,966 SF)
Zoning code
R-1
APN
48 00025-0000-00011
UPID
US59-2193701
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Spring Lake, NJ
Zoning R-1 · permitted uses
R-1 · Spring Lake, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
FORCED AIR
Buildings
1
Units
1
Lot
137.35 ac
Current owner
From public records · entity-resolved
County Of Monmouth
Entity
Mailing address
PO BOX 32, SPRING LAKE, NJ 07762-0032
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
Spring Lake Golf Club
—
Deed
related
$4,100,000 · Kearny Bank
Jan 27, 2021
—
Spring Lake Golf Club
—
Deed Of Trust
related
$8,000,000 · Central Jersey Bk
Dec 26, 2017
$10,500
County Of Monmouth
Spring Lake Golf Club
Grant Deed
—
Dec 26, 2017
$4,500
Monmouth County
Spring Lake Golf Club
Grant Deed
—
—
—
Spring Lake Golf Club
—
Deed Of Trust
related
$8,200,000 · Central Jersey Bank & Trust Co
—
—
Spring Lake Golf Club
—
Deed Of Trust
related
$8,000,000 · Central Jersey Bk
—
—
Spring Lake Golf Club
—
Deed Of Trust
related
$400,000 · Central Jersey Bank & Trust Co
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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