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Property profile & analytics
OFF-MARKET
Estimated value
$285,000
Commercial real estate
902 Springwood Ave Asbury Park, NJ 07712-6835
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2672635
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
CONCRETE BLOCKS
Total area
3,100 SF
Lot
0.08 ac (3,600 SF)
Zoning code
LI
APN
04 00705-0000-00003
UPID
US59-2672635
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
$285k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$285k
Owner & transaction history
Rosalie Eisenberger · 21 yrs held
Rosalie Eisenberger
since 2005
1 recorded transaction
Zoning & alternative use
LI · Asbury Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(LI) - Light Industrial. [2000 Code § 30-71.6; amended 4-30-2020 by Ord. No. 2020-13 ; 6-9-2021 by Ord. No. 2021-21 ] a. Permitted Uses. Permitted Light Industrial uses include indoor manufacturing and assembly uses that that do not emit smoke or fumes, or produce noise or vibrations that are detrimental to nearby residences, in addition to general business…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
19.47 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 Asbury Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asbury Park 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
$285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$285k
Range $257k – $314k · ±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
$92 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,901
Tax year 2023
Assessed value
$259,700
Assessed 2024
Previous assessed
$259,700
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$183,100
Assessed improvement
$76,600
Land market value
$183,100
Improvement market value
$76,600
Total market value
$259,700
Applied tax rate
4.0000
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
1920
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
3,100 SF
Lot
0.08 ac (3,600 SF)
Zoning code
LI
APN
04 00705-0000-00003
UPID
US59-2672635
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Asbury Park, NJZoning LI · permitted uses
LI · Asbury Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(LI) - Light Industrial. [2000 Code § 30-71.6; amended 4-30-2020 by Ord. No. 2020-13 ; 6-9-2021 by Ord. No. 2021-21 ] a. Permitted Uses. Permitted Light Industrial uses include indoor manufacturing and assembly uses that that do not emit smoke or fumes, or produce noise or vibrations that are detrimental to nearby residences, in addition to general business uses that do not provide retail sales or services. Permitted uses include as follows: 1. Business and professional offices. 2. Sound and video recording and rehearsal studios. 3. Art studios. 4. Cabinet and furniture makers. 5. Glass and mirror cutters. 6. Machine shops. 7. Welders. 8. Manufacture, assembly or fabrication. 9. Warehousing. 10. Wholesaling. 11. Scientific laboratory. 12. Commercial bakery and food manufacturing. 13. Commercial laundry service. b. Reserved. c. Conditional Uses. 1. None. d. Reserved.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
19.47 ac
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Rosalie Eisenberger
Individual
Mailing address
188 HADASSAH LN, LAKEWOOD, NJ 08701-5562
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Feb 7, 2005
$300,000
Rosalie Eisenberger
Hammary,walter
Grant Deed
$225,000 · Wachovia Bank NA
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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