Entity Owned Property summary
AI-generated overview
This exceptional commercial property, located at 241 1st Street Unit 241, Lakewood, NJ, presents a unique investment opportunity. The building is situated in a highly desirable and visible location within the heart of Lakewood, offering easy access to major roadways and a substantial amount of foot traffic. While the exact square footage is not currently specified, the building is ideal for a variety of commercial uses. The asking price is $999,000. The property is classified as general commercial and sits on a lot of zero acres, indicating a building-focused investment. This makes it particularly attractive for businesses seeking a well-positioned, established space in a thriving commercial area. The building's prime location ensures high visibility and accessibility, making it an excellent choice for businesses seeking to establish a strong presence in the Lakewood market. Further details regarding the building's interior layout and specifications are available upon request. This is a rare opportunity to acquire a well-situated commercial property in a dynamic and growing community. Serious inquiries are encouraged.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1906
Construction
BRICK
Total area
3,217 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B2
APN
15 00121-0000-00021
UPID
US59-2892105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$335k
Owner & transaction history
since 2025
Last sale
$775,000
3 recorded transactions
Zoning & alternative use
B2 · Lakewood, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$335k
Value range
$302k – $369k
±10% around blend
Estimated value / SF
$104 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$302k
blend $335k
$369k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,217 SF
Lot area
0.11 ac
Year built
1906
Stories
2
APN
15 00121-0000-00021
Zoning
B2
Assessed value
$543,100
Annual tax
$12,394
3
Income approach: direct capitalization
Partial preview
Income approach indication
$570k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$620k
@ 6.5% CAP return
$570k
@ 7% CAP return
$530k
4
Sales comparison
Partial preview
Sales approach indication
$1.22M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.2 mi away · 3,508 SF
4.6 mi away · 2,451 SF
7.2 mi away · 4,128 SF
7.5 mi away · 2,703 SF
7.6 mi away · 3,610 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$335k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 87 sales
$300
-65%
Submarket 87 sales
$300
-65%
County 852 sales
$288
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $104/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$775k
Move the market yield to see immediate price impact.
Value / SF
$241
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$49k
$977k
$697k
$543k
$54k
$1.09M
$775k
$603k
$60k
$1.19M
$852k
$663k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$950k
1.4 mi · Apr 2026 · $363/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$12,394
Tax year 2022
Assessed value
$543,100
Assessed 2023
Previous assessed
$543,100
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$288,800
Assessed improvement
$254,300
Land market value
$288,800
Improvement market value
$254,300
Total market value
$543,100
Applied tax rate
15.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1906
Construction
BRICK
Heating
BASEBOARD
Stories
2
Units
1
Bathrooms
1
Total area
3,217 SF
Lot
0.11 ac (5,000 SF)
Zoning code
B2
APN
15 00121-0000-00021
UPID
US59-2892105
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B2 · Lakewood, NJZoning B2 · permitted uses
B2 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1906
Construction
BRICK
Heating
BASEBOARD
Stories
2
Units
1
Bathrooms
1
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B2
Jurisdiction
Lakewood, NJ
Recorded code
B2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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