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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Commercial real estate
1040 Delsea Dr Westville, NJ 08093-1578
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-2307894
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2023
Total area
9,298 SF
Lot
1 ac (43,442 SF)
Zoning code
TC1
APN
02 00003-0000-00005
UPID
US59-2307894
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
$1.88M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.88M
Owner & transaction history
Skk Investments LLC · 1 yrs held
Skk Investments LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
TC1 · Westville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+59.1%
Office building
$1.2M
+43.1%
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 Westville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westville 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
$1,880,000
ML approach
$1,880,000
CAP Approach
CAP Return
Estimation
6%
$1,710,000
6.5%
$1,580,000
7%
$1,465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,345,000
Change: +59% · Conversion: Moderate
OFFICE BUILDING
$1,210,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $1.88M (Oct 17 2024)
Last sale anchor
$1.88M
Oct 17 2024
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
$202 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$39,756
Tax year 2023
Assessed value
$1,145,700
Assessed 2024
Previous assessed
$1,145,700
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$198,800
Assessed improvement
$946,900
Land market value
$198,800
Improvement market value
$946,900
Total market value
$1,145,700
Applied tax rate
2.0000
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
2023
Heating
NONE
Total area
9,298 SF
Lot
1 ac (43,442 SF)
Zoning code
TC1
APN
02 00003-0000-00005
UPID
US59-2307894
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
TC1 · Westville, NJZoning TC1 · permitted uses
TC1 · Westville, 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)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (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
2023
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Skk Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5246 LOS GRANDES WAY, LOS ANGELES, CA 90027-1028
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
—
Skk Investments LLC
Joseph Kim
Quit Claim Deed
related
—
Jun 25, 2024
$1,880,652
Charfut Property Holding LLC
Tibor LLC
Bargain And Sale Deed
$1,034,358 · American First Cu
Mar 21, 2023
$2,160,452
Tibor LLC
Westville Delsea Dg LLC
Bargain And Sale Deed
$1,188,000 · First Savings Bank
Aug 30, 2022
$275,000
Westville Delsea Dg LLC
K4k LLC
Deed
$1,900,000 · Smartbank
Jul 19, 2018
—
K4k LLC
Pioneer Land Management LLP
Grant Deed
—
Apr 29, 2004
$100,000
Pioneer Land Management LLP
Maffucci,m G & Constance
Grant Deed
—
Sep 16, 1991
$85,000
Gerard Maffucci
Unknown
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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