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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Commercial real estate
241 1st St Lakewood, NJ 08701-3320
Entity Owned
~
Est. High Equity
Property ID
US59-2892105
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Roth & Roth, P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$740k
Owner & transaction history
241 First St Holdings LLC
241 First St Holdings LLC
since 2025
Last sale
$775,000
3 recorded transactions
Zoning & alternative use
B2 · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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%
$620,000
6.5%
$570,000
7%
$530,000
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $775k (Jul 17 2025)
Last sale anchor
$775k
Jul 17 2025
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
$230 / 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
$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
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
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, NJ
Zoning B2 · permitted uses
B2 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1906
Construction
BRICK
Heating
BASEBOARD
Stories
2
Units
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
241 First St Holdings LLC
Entity
Mailing address
4 SUNNY WOODS LN, JACKSON, NJ 08527-1147
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
$775,000
241 First St Holdings LLC
Maxhill Developers LLC
Deed
$680,000 · Fulton Bank NA
Jun 27, 2024
—
Maxhhl Developers LLC
—
Deed
related
$575,000 · Bhcg 241 LLC
Dec 5, 2012
—
Jeffrey S Roth
Roth,nathaniel H
Quit Claim Deed
related
—
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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