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Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Residential income homes
New Dover S Toms River, NJ 08753
Entity Owned
21-yr Hold
Property ID
US59-2353307
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1966
Construction
BRICK
Total area
17,160 SF
Lot
4.24 ac (184,694 SF)
Zoning code
EM18
APN
08 00609- 02-00006
UPID
US59-2353307
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
$4.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
Walnut Bay LLC · 21 yrs held
Walnut Bay LLC
since 2004
7 recorded transactions
Zoning & alternative use
EM18 · Toms River, 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 Toms River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toms River 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%
$4,785,000
6.5%
$4,420,000
7%
$4,105,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,865,000
Current use
COMMERCIAL (GENERAL)
$4,385,000
Change: -10% · Conversion: Moderate
OFFICE BUILDING
$4,080,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±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
$210 / 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
$160,224
Tax year 2022
Assessed value
$9,600,000
Assessed 2023
Previous assessed
$9,600,000
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$4,000,000
Assessed improvement
$5,600,000
Land market value
$4,000,000
Improvement market value
$5,600,000
Total market value
$9,600,000
Applied tax rate
8.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1966
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
17,160 SF
Lot
4.24 ac (184,694 SF)
Zoning code
EM18
APN
08 00609- 02-00006
UPID
US59-2353307
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
EM18 · Toms River, NJ
Zoning EM18 · permitted uses
EM18 · Toms River, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toms River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1966
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
4.24 ac
Current owner
From public records · entity-resolved
Walnut Bay LLC
Entity
Mailing address
224 SWARTHMORE CT, TRENTON, NJ 08608
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2004
—
Walnut Bay LLC
Walnut Bay LLC
Quit Claim Deed
related
—
Mar 20, 2003
$1,321,200
Karen L Paschon
83 Walnut LLC
Grant Deed
—
Mar 20, 2003
$194,400
Karen L Paschon
83 Walnut LLC
Grant Deed
—
Mar 20, 2003
$244,150
83 Walnut LLC
Paschon,karen L
Grant Deed
—
Mar 20, 2003
$2,100,620
83 Walnut LLC
Paschon,robert V
Grant Deed
—
Oct 22, 2001
$204,420
Karen L Paschon
Katz Nj LLC
Grant Deed
—
Oct 22, 2001
$587,700
Robert V Paschon
Katz Nj LLC
Grant Deed
—
—
—
Walnut Bay LLC
—
Deed Of Trust
related
$4,850,000 · Investors Savings Bank Fsb
—
—
Walnut Bay LLC
—
Deed Of Trust
related
$5,000,000 · Capital One 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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