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Property profile & analytics
OFF-MARKET
Estimated value
$12,135,000
Industrial properties
1245 Airport Rd Lakewood, NJ 08701-6998
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0347613
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
129,035 SF
Lot
7.64 ac (332,624 SF)
Zoning code
M1
APN
15 01160- 01-00270
UPID
US59-0347613
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
-
GeneralJan Corporate Office
-
Longfield Gardens LLC Corporate Office
-
lake terrace Bed & Breakfast Restaurant
-
Professional Design Services Construction Company General Contractor
-
HWP Trucking Business To Business Service Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.14M
Owner & transaction history
Jackson Owner LLC · 4 yrs held
Jackson Owner LLC
since 2021
7 recorded transactions
Zoning & alternative use
M1 · Lakewood, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$94 / 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
$233,061
Tax year 2022
Assessed value
$10,213,000
Assessed 2023
Previous assessed
$10,213,000
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$1,487,900
Assessed improvement
$8,725,100
Land market value
$1,487,900
Improvement market value
$8,725,100
Total market value
$10,213,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
129,035 SF
Lot
7.64 ac (332,624 SF)
Zoning code
M1
APN
15 01160- 01-00270
UPID
US59-0347613
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Lakewood, NJZoning M1 · permitted uses
M1 · Lakewood, 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
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
7.64 ac
Current owner
From public records · entity-resolved
Jackson Owner LLC
Entity
Mailing address
PO BOX 17, LAKEWOOD, NJ 08701-0017
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
—
Airport 750 LLC
—
Deed
related
$54,000,000 · Investors Bank
Dec 9, 2021
—
Jackson Owner LLC
Cardinale & Jackson Crossing Assc 2
Correction Deed
related
—
Oct 31, 2019
—
Airport 725 LLC
—
Deed
related
$40,000,000 · Investors Bank
Feb 7, 2017
$10,638,700
Airport 1245 LLC
1245 Airport LLC
Grant Deed
related
—
Aug 9, 2002
$5,070
Airport Associates
Bennett Development Co
Grant Deed
—
Feb 8, 2001
—
1245 Airport LLC
Bennett Development Co
Grant Deed
related
—
—
—
1245 Airport LLC
—
Deed Of Trust
related
$3,600,000 · Sunamerica Life Insurance Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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