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Property profile & analytics
OFF-MARKET
Estimated value
$230,000
Parking lots & garages
108 White Horse Pike Berlin, NJ 08009
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US59-1054607
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.11 ac (4,800 SF)
Zoning code
C-1
APN
05 01302-0000-00012
UPID
US59-1054607
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
$230k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$230k
Owner & transaction history
Michael L Laginestra
Michael L Laginestra
1 recorded transaction
Zoning & alternative use
C-1 · Berlin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ensity Residential District. § 335-80 R-2 and PR-2 High Density Residential Districts. § 335-81 R-3 Garden Apartment District. § 335-81.1 R-4 Townhouse District. § 335-81.2 R-5 Apartment and Townhouse District. § 335-82 C-1 Central Business District. § 335-83 C-2 and PC-2 Neighborhood Commercial District. § 335-84 C-3 and PC-3 Highway Commercial District. §…
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
9.77 ac
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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$230k
Range $207k – $253k · ±10%
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
—
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
$1,741
Tax year 2023
Assessed value
$51,500
Assessed 2024
Previous assessed
$51,500
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$48,400
Assessed improvement
$3,100
Land market value
$48,400
Improvement market value
$3,100
Total market value
$51,500
Applied tax rate
5.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Units
1
Lot
0.11 ac (4,800 SF)
Zoning code
C-1
APN
05 01302-0000-00012
UPID
US59-1054607
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Berlin, NJZoning C-1 · permitted uses
C-1 · Berlin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ensity Residential District. § 335-80 R-2 and PR-2 High Density Residential Districts. § 335-81 R-3 Garden Apartment District. § 335-81.1 R-4 Townhouse District. § 335-81.2 R-5 Apartment and Townhouse District. § 335-82 C-1 Central Business District. § 335-83 C-2 and PC-2 Neighborhood Commercial District. § 335-84 C-3 and PC-3 Highway Commercial District. § 335-85 PARC Planned Adult Residential Community District. § 335-86 R-AR Residential
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
9.77 ac
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Michael L Laginestra
Individual
Mailing address
42 GDNS AVE, BERLIN, NJ 08009-2129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Michael L Laginestra
—
Deed Of Trust
related
$15,000 · Commerce Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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