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Property profile & analytics
FOR LEASE
Commercial real estate
112 Giffordtown Ln, Little Egg Harbor, NJ 08087
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2828415
For Lease
1 / 14
$1,350/Mo
112 Giffordtown Ln, Little Egg Harbor, NJ 08087
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
6,290 SF
Lot
0.79 ac (34,412 SF)
Zoning code
GB
APN
17 00276-0000-00005
UPID
US59-2828415
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
-
S & Z Massage Alternative Medicine Practice Spa & Massage Center
-
Jersey Shore Estate Sales & Services Consultant
-
Knot Perfect Massage Alternative Medicine Practice Spa & Massage Center
-
Barnegat Technologies Tech Support Center (Bike/Boat/Book/etc) Store
-
Nick's Jewelry & Nautical Gift Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$850k
Owner & transaction history
Merlo Investments Little Egg Harbor · 3 yrs held
Merlo Investments Little Egg Harbor
since 2023
Last sale
$845,000
4 recorded transactions
Zoning & alternative use
GB · Little Egg Harbor Twp, 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 Little Egg Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Egg Harbor 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
$850,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,270,000
Current use
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $845k (Jun 1 2023)
Last sale anchor
$845k
Jun 1 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
$135 / 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
$22,872
Tax year 2022
Assessed value
$831,700
Assessed 2023
Previous assessed
$831,700
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$140,700
Assessed improvement
$691,000
Land market value
$140,700
Improvement market value
$691,000
Total market value
$831,700
Applied tax rate
17.0000
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
For Lease
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
6
Total area
6,290 SF
Lot
0.79 ac (34,412 SF)
Zoning code
GB
APN
17 00276-0000-00005
UPID
US59-2828415
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GB · Little Egg Harbor Twp, NJ
Zoning GB · permitted uses
GB · Little Egg Harbor Twp, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Little Egg Harbor Twp. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
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
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
6
Lot
0.79 ac
Current owner
From public records · entity-resolved
Merlo Investments Little Egg Harbor
Entity
Mailing address
545 ATLANTIC CITY BLVD, BAYVILLE, NJ 08721-2043
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$845,000
Merlo Investments Little Egg Harbor
Ocean Creek Holdings LLC
Deed
$633,750 · Manasquan Bank
Oct 22, 2008
—
Ocean Creek Holdings LLC
Liberty LLC
Deed In Lieu Of Foreclosure
—
Mar 5, 2004
$100
Liberty LLC
Ford,william R
Grant Deed
related
—
Mar 5, 2004
$1,000
Liberty LLC
Macmichael,anna
Grant 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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