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Property profile & analytics
OFF-MARKET
Estimated value
$7,665,000
Residential income homes
117 Kennedy Blvd 153 Lakewood, NJ 08701-1309
Entity Owned
11-yr Hold
Property ID
US59-0946269
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Construction
BRICK
Total area
37,202 SF
Lot
14.79 ac (644,252 SF)
Zoning code
B3
APN
15 00104-0000-00036
UPID
US59-0946269
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
by Request
CAP Approach
CAP
$9.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.67M
Owner & transaction history
Crossroads Realty Group LLC · 11 yrs held
Crossroads Realty Group LLC
since 2015
2 recorded transactions
Zoning & alternative use
B3 · Lakewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.2M
+5.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,375,000
6.5%
$9,580,000
7%
$8,895,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,550,000
Current use
COMMERCIAL (GENERAL)
$11,150,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$8,845,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$7.67M
Range $6.90M – $8.43M · ±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
$206 / 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
$496,216
Tax year 2022
Assessed value
$21,744,800
Assessed 2023
Previous assessed
$21,744,800
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$9,240,000
Assessed improvement
$12,504,800
Land market value
$9,240,000
Improvement market value
$12,504,800
Total market value
$21,744,800
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
37,202 SF
Lot
14.79 ac (644,252 SF)
Zoning code
B3
APN
15 00104-0000-00036
UPID
US59-0946269
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B3 · Lakewood, NJZoning B3 · permitted uses
B3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.6M
COMMERCIAL (GENERAL)
Est. value
$11.2M
OFFICE BUILDING
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (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
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
14.79 ac
Current owner
From public records · entity-resolved
Crossroads Realty Group LLC
Entity
Mailing address
525 E COUNTY LINE RD STE #2, LAKEWOOD, NJ 08701-1405
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2015
$13,250,000
Crossroads Realty Group LLC
Crossroads Manor Realty Co
Deed
—
—
—
Crossroads Manor Realty Co
—
Deed Of Trust
related
$13,250,000 · Column Guaranteed LLC
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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