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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Commercial real estate
1073 Rte 40, Penns Grove, NJ 08069-3613
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1250910
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1955
Total area
2,710 SF
Lot
2.29 ac (99,752 SF)
Zoning code
CONS
APN
02 00241-0000-00030
UPID
US59-1250910
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
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Cp Land North Urban Renewal LLC · 2 yrs held
Cp Land North Urban Renewal LLC
since 2023
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
CONS · Penns Grove, 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 Penns Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Penns Grove 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
$950,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $900k (Oct 10 2023)
Last sale anchor
$900k
Oct 10 2023
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
$334 / 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
$13,340
Tax year 2022
Assessed value
$398,200
Assessed 2023
Previous assessed
$398,200
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$106,900
Assessed improvement
$291,300
Land market value
$106,900
Improvement market value
$291,300
Total market value
$398,200
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
1955
Heating
NONE
Total area
2,710 SF
Lot
2.29 ac (99,752 SF)
Zoning code
CONS
APN
02 00241-0000-00030
UPID
US59-1250910
Jurisdiction
SALEM
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CONS · Penns Grove, NJ
Zoning CONS · permitted uses
CONS · Penns Grove, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Penns Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Lot
2.29 ac
Current owner
From public records · entity-resolved
Cp Land North Urban Renewal LLC
Entity
Mailing address
1230 W PEACHTREE ST NW #1000, ATLANTA, GA 30309-3404
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
$900,000
Cp Land North Urban Renewal LLC
Lapps Olympia Dairy Bar LLC
Bargain And Sale Deed
—
Oct 10, 2023
—
Cp Land North Urban Renewal LLC
Lapps Olympia Dairy Bar LLC
Quit Claim Deed
related
—
May 12, 2016
—
Lapps Olmypia Dairy Bar LLC
—
Deed
related
$22,000 · Harvest Cmnty Bk
Nov 17, 2009
$650,000
Bk
Independence Realty Group LLC
Deed In Lieu Of Foreclosure
related
—
Mar 21, 2007
$645,000
Independence Realty Group LLC
Drimones LLC
Trustees Deed
—
—
—
Lapps Olmypia Dairy Bar LLC
—
Deed Of Trust
related
$22,000 · Harvest Cmnty Bk
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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