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Property profile & analytics
OFF-MARKET
Estimated value
$4,940,000
Residential income homes
Toms Riv Apts Riv Toms River, NJ 08753
Entity Owned
4-yr Hold
Property ID
US59-2384704
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1970
Construction
BRICK
Total area
18,296 SF
Lot
7.66 ac (333,495 SF)
Zoning code
EM18
APN
08 00537- 02-00023- 02
UPID
US59-2384704
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
$5.19M
CAP Approach
CAP
$4.71M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$4.94M
Owner & transaction history
Toms River Apts LLC · 4 yrs held
Toms River Apts LLC
since 2022
Last sale
$4.7M
4 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
$5,470,000
ML approach
$5,185,000
CAP Approach
CAP Return
Estimation
6%
$5,105,000
6.5%
$4,710,000
7%
$4,375,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,190,000
Current use
COMMERCIAL (GENERAL)
$4,675,000
Change: -10% · Conversion: Moderate
OFFICE BUILDING
$4,350,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$4.94M
Range $4.45M – $5.43M · ±10% · vs last sale $4.67M (Jan 25 2022)
Last sale anchor
$4.67M
Jan 25 2022
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
$270 / 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
$293,744
Tax year 2022
Assessed value
$17,600,000
Assessed 2023
Previous assessed
$17,600,000
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$8,000,000
Assessed improvement
$9,600,000
Land market value
$8,000,000
Improvement market value
$9,600,000
Total market value
$17,600,000
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
1970
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
18,296 SF
Lot
7.66 ac (333,495 SF)
Zoning code
EM18
APN
08 00537- 02-00023- 02
UPID
US59-2384704
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
$5.2M
COMMERCIAL (GENERAL)
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.4M
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
1970
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
7.66 ac
Current owner
From public records · entity-resolved
Toms River Apts LLC
Entity
Mailing address
475 OBERLIN AVE S STE #205, LAKEWOOD, NJ 08701-7024
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
$4,672,679
Toms River Apts LLC
Willow Sunnybrook LLC
Deed
$22,155,000 · Big Real Estate Finance II LLC
—
—
River Apartments
—
Deed Of Trust
related
$3,417,468 · Wachovia Bank NA
—
—
Willow Sunnybrook LLC
—
Deed Of Trust
related
$5,000,000 · Branch Bk&tr
—
—
Willow Sunnybrook LLC
—
Deed Of Trust
related
$4,500,000 · Knbt
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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