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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Commercial real estate
1241 Kings Hwy Swedesboro, NJ 08085-1661
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1264413
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1892
Construction
FRAME
Total area
3,886 SF
Lot
0.23 ac (9,884 SF)
APN
17 00027-0000-00012
UPID
US59-1264413
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
$565k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$386k
Blend (final)
Blend
$570k
Owner & transaction history
Philip J Martorano JR · 3 yrs held
Philip J Martorano JR
since 2023
Last sale
$570,000
6 recorded transactions
Zoning & alternative use
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 Swedesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swedesboro 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
$575,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$515,000
Current use
OFFICE BUILDING
$505,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $570k (Apr 20 2023)
Last sale anchor
$570k
Apr 20 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
$147 / 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
$10,915
Tax year 2022
Assessed value
$259,500
Assessed 2023
Previous assessed
$259,500
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$56,000
Assessed improvement
$203,500
Land market value
$56,000
Improvement market value
$203,500
Total market value
$259,500
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
Off-Market
Year built
1892
Construction
FRAME
Heating
NONE
Stories
2
Total area
3,886 SF
Lot
0.23 ac (9,884 SF)
APN
17 00027-0000-00012
UPID
US59-1264413
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL) Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$505,000
COMMERCIAL (GENERAL) Current
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
Year built
1892
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Philip J Martorano JR
Individual
Mailing address
250 COLUMBUS DR, MANTUA, NJ 08051-1206
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
Apr 20, 2023
—
Philip J Martorano JR
Philip J Martorano JR
Intrafamily Transfer
related
—
Feb 27, 2017
—
Martorano,p J JR Family Trust
Philip J Martorano JR.
Quit Claim Deed
related
—
Oct 2, 2014
—
Philip J Martorano JR.
Gambino,giuseppa T
Grant Deed
related
—
Oct 7, 2005
$570,000
James B Owings
Stevens,andrew C & Michele
Grant Deed
—
Oct 7, 2004
$224,900
Philip Martorano
Russo,natale & Linda A
Grant Deed
—
—
—
Natale Russo
—
Deed Of Trust
related
$175,000 · Equity 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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