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Property profile & analytics
OFF-MARKET
Commercial real estate
121-123 Jersey Ave 123 Pitman, NJ 08071-1129
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1319903
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
3,508 SF
Lot
0.38 ac (16,553 SF)
Zoning code
TRC
APN
15 00083-0000-00003
UPID
US59-1319903
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mcnj Properties LLC · 4 yrs held
Mcnj Properties LLC
since 2021
Last sale
$270,000
5 recorded transactions
Zoning & alternative use
TRC · Pitman, 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 Pitman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pitman 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,772
Tax year 2022
Assessed value
$270,000
Assessed 2023
Previous assessed
$268,500
+0.6% YoY
Effective rate
3.25%
On assessed value
Assessed land
$61,100
Assessed improvement
$208,900
Land market value
$61,100
Improvement market value
$208,900
Total market value
$270,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
2
Total area
3,508 SF
Lot
0.38 ac (16,553 SF)
Zoning code
TRC
APN
15 00083-0000-00003
UPID
US59-1319903
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
TRC · Pitman, NJZoning TRC · permitted uses
TRC · Pitman, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mcnj Properties LLC
Entity
Mailing address
1 W CHESTNUT CT, GLASSBORO, NJ 08028-2816
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
$270,000
Mcnj Properties LLC
Midfirst Bk A Federally Chartered S
Deed
$264,000 · Newfield National Bank
Apr 11, 2019
—
Midfirst Bk
Finance Of America Mtg LLC
Grant Deed
—
Jul 27, 2005
$180,000
Craig A Harper
Beloff,samuel S & Dale A
Grant Deed
—
—
—
Samuel H Bullock
—
Deed Of Trust
related
$161,147 · Access National Mortgage INC
—
—
Samuel H Bullock
—
Deed Of Trust
related
$158,766 · Wells Fargo Bank
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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