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Property profile & analytics
OFF-MARKET
Estimated value
$11,495,000
Industrial properties
1000 Airport Rd Lakewood, NJ 08701-5960
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1561758
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
BRICK
Total area
57,330 SF
Lot
4.99 ac (217,364 SF)
Zoning code
M1
APN
15 01160- 04-00062
UPID
US59-1561758
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
-
Automotive Parts Unlimited LLC Corporate Office
-
Global Deals Warehouse & Storage
-
Express Appliances Home Appliance Store Hardware & Home Improvement
-
Ocean Home Health Supply LLC Medical Supply Store
-
Finishing Systems Inc Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.33M
CAP Approach
CAP
$9.90M
Comparable Approach
Comparable
$13.62M
Blend (final)
Blend
$11.50M
Owner & transaction history
1000 Airport Road LLC · 5 yrs held
1000 Airport Road LLC
since 2020
Last sale
$9.8M
4 recorded transactions
Zoning & alternative use
M1 · Lakewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.2M
+64.6%
Apartment house (5+ units)
$16.3M
+55.7%
Office building
$13.6M
+30.5%
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
$13,620,000
ML approach
$12,325,000
CAP Approach
CAP Return
Estimation
6%
$10,725,000
6.5%
$9,900,000
7%
$9,195,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,440,000
Current use
COMMERCIAL (GENERAL)
$17,185,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,260,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$13,630,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$11.50M
Range $10.35M – $12.64M · ±10% · vs last sale $9.75M (Nov 10 2020)
Last sale anchor
$9.75M
Nov 10 2020
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
$201 / 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
$150,612
Tax year 2022
Assessed value
$6,600,000
Assessed 2023
Previous assessed
$6,600,000
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$973,100
Assessed improvement
$5,626,900
Land market value
$973,100
Improvement market value
$5,626,900
Total market value
$6,600,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
57,330 SF
Lot
4.99 ac (217,364 SF)
Zoning code
M1
APN
15 01160- 04-00062
UPID
US59-1561758
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Lakewood, NJZoning M1 · permitted uses
M1 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$17.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.3M
OFFICE BUILDING
Est. value
$13.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1
Units
1
Lot
4.99 ac
Current owner
From public records · entity-resolved
1000 Airport Road LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 17, LAKEWOOD, NJ 08701-0017
Ownership since
2020
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
Sep 9, 2022
—
1750 Cedar Bridge LLC
—
Deed
related
$2,500,000 · Lakeland Bank
Nov 10, 2020
—
1000 Airport Road LLC
Reynolds Charles JR.
Quit Claim Deed
related
—
Nov 10, 2020
$9,750,000
Airport 1000 LLC
1000 Airport Road LLC
Deed
$6,618,750 · Lakeland Bank
Jul 17, 2008
—
1000 Airport Road LLC
Reynolds,charles JR
Grant Deed
—
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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