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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Commercial real estate
98 Corsons Tavern Rd Ocean View, NJ 08230-1602
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-1252044
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Construction
BRICK
Total area
2,280 SF
Lot
42.59 ac (1,855,220 SF)
Zoning code
R2
APN
11 00453-0000-00255
UPID
US59-1252044
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
-
Seaville Shores Campground & RV Park
-
Seaville court Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
James H Schroder · 8 yrs held
James H Schroder
since 2018
7 recorded transactions
Zoning & alternative use
R2 · Ocean View, 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 Ocean View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean View 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$268 / 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
$86,104
Tax year 2022
Assessed value
$4,082,700
Assessed 2023
Previous assessed
$4,082,700
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$623,500
Assessed improvement
$3,459,200
Land market value
$623,500
Improvement market value
$3,459,200
Total market value
$4,082,700
Applied tax rate
11.0000
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
1980
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
2,280 SF
Lot
42.59 ac (1,855,220 SF)
Zoning code
R2
APN
11 00453-0000-00255
UPID
US59-1252044
Jurisdiction
CAPE MAY
Zoning & alternative use
R2 · Ocean View, NJ
Zoning R2 · permitted uses
R2 · Ocean View, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
42.59 ac
Current owner
From public records · entity-resolved
James H Schroder
Individual
Mailing address
98 CORSONS TAVERN RD, OCEAN VIEW, NJ 08230-1602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2019
—
James H Schroder
—
Deed
related
$400,000 · Newfield Nat'l Bk
Jul 17, 2018
—
James H Schroder
—
Trustees Deed
related
$225,000 · Newfield Nat'l Bk
Jun 14, 2018
—
James H Schroder
Schroder,james H
Quit Claim Deed
related
—
Dec 6, 2017
—
James H Schroder INC
—
Trustees Deed
related
$800,000 · Newfield Nat'l Bk
Dec 1, 2017
—
James H Schroder
—
Deed
related
$300,000 · Newfield Nat'l Bk
Oct 28, 2015
—
James H Schroder
—
Trustees Deed
related
$300,000 · Newfield Nat'l Bk
Jan 27, 2015
—
James H Schroder
—
Trustees Deed
related
$300,000 · Newfield Nat'l Bk
Apr 15, 2013
—
James H Schroder
—
Trustees Deed
related
$500,000 · Newfield National Bank
Oct 4, 2007
—
Schroder,james H
Schroder,joni V
Quit Claim Deed
related
—
Jan 5, 2007
—
Schroder,james H
—
Grant Deed
related
$2,000,000 · Newfield Nat'l Bk
—
—
James H Schroder
—
Deed Of Trust
related
$400,000 · Newfield Nat'l Bk
—
—
James H Schroder
—
Deed Of Trust
related
$394,489 · Newfield National Bank
—
—
James H Schroder
—
Deed Of Trust
related
$2,600,000 · Newfield National Bank
—
—
Schroder,james H
—
Deed Of Trust
related
$900,000 · Newfield Nat'l Bk
—
—
Schroder Family
—
Deed Of Trust
related
$400,000 · Newfield Nat'l Bk
—
—
Schroder,james H
—
Deed Of Trust
related
$240,000 · Newfield Nat'l Bk
—
—
Schroder Family
—
Deed Of Trust
related
$2,900,000 · Newfield Nat'l Bk
—
—
James H Schroder
—
Deed Of Trust
related
$300,000 · Newfield Nat'l 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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