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Property profile

Ocean Ave At Newark Ave Spring Lake, NJ 07762

OFF-MARKET
Commercial real estate
Property ID
US59-2089167
43,217 SF 0.86 ac lot
Last sale Jan 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$93k
Tax billed · 2022
Assessed value · 2023$17.88M
Assessed land$11.55M
Assessed improvement$6.33M
Effective rate0.52%

Value estimate

· Oct 2026
$8.06M
$7.25M – $8.87M
CAP approach$8.98M
Submarket $/SF estimate$6.02M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$274/SF
Submarket average, outlier-cleaned · 175 recorded sales of this use type
Observed band · Q1–Q3$174 – $415
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-1
Definitions. Article III Zoning District and Zoning Map § 225-8 Zoning districts. § 225-9 Zoning Map. § 225-10 Interpretation of boundari...
General categoryRESIDENTIAL
JurisdictionMONMOUTH

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office15.2
Pharmacy13.1
Auto Parts Store13.0

Location

Ocean Ave At Newark Ave Spring Lake, NJ 07762
County assessor Recorded deeds · 13 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1505 Ocean, Spring Lake, NJ 07762-1423 $5,900,000 Jul 2022 9,008 SF
517 Passaic, Spring Lake, NJ 07762-1324 $1,642,500 May 2021 4,500 SF
206 State Rte 71, Spring Lake, NJ 07762-1827 $1,500,000 Mar 2021 5,935 SF
700 State Rte 71, Spring Lake, NJ 07762-2048 $4,300,000 Jan 2021 56,624 SF
217 Morris, Spring Lake, NJ 07762-1336 $2,370,000 May 2019 9,476 SF
1202 3rd, Spring Lake, NJ 07762-1331 $2,500,000 Jan 2019 7,394 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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