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Property profile & analytics
OFF-MARKET
Estimated value
$230,000
Gas stations
129 Virginia Ave Penns Grove, NJ 08069-1143
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-2528615
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1960
Total area
1,680 SF
Lot
0.92 ac (40,132 SF)
Zoning code
LR
APN
02 00043-0000-00014
UPID
US59-2528615
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
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$230k
Owner & transaction history
129 North Virginia LLC · 1 yrs held
129 North Virginia LLC
since 2025
Last sale
$237,660
7 recorded transactions
Zoning & alternative use
LR · Penns Grove, 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 Penns Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Penns Grove 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
$230,000
ML approach
$255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$230k
Range $207k – $253k · ±10% · vs last sale $238k (Apr 7 2025)
Last sale anchor
$238k
Apr 7 2025
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
$137 / 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
$9,980
Tax year 2022
Assessed value
$297,900
Assessed 2023
Previous assessed
$297,900
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$82,500
Assessed improvement
$215,400
Land market value
$82,500
Improvement market value
$215,400
Total market value
$297,900
Applied tax rate
2.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1960
Heating
NONE
Total area
1,680 SF
Lot
0.92 ac (40,132 SF)
Zoning code
LR
APN
02 00043-0000-00014
UPID
US59-2528615
Jurisdiction
SALEM
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
LR · Penns Grove, NJZoning LR · permitted uses
LR · Penns Grove, 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
Year built
1960
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
129 North Virginia LLC
Entity
Mailing address
14 GRACE DR, OLD WESTBURY, NY 11568-1221
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
$237,660
129 North Virginia LLC
Charles M Miller
Deed
—
Dec 21, 2022
—
Singh Oil Corp
—
Deed
related
$500,000 · Jogika LLC
Jun 4, 2021
—
Singh Oil Corp
—
Deed
related
—
May 22, 2018
—
Singh Oil Corp
—
Deed
related
$2,280,000 · First Ic Bk
Sep 5, 2017
$1,389,000
Singh Oil Corp
Ashrit Realty LLC
Grant Deed
$3,485,000 · Itria Ventures LLC
Aug 25, 2009
$346,500
Ashrit Rlty LLC
Wilkins,michael
Grant Deed
$243,000 · Indus American Bank
—
—
Ashrit Realty LLC
—
Deed Of Trust
related
$2,200,000 · Habib American Bk
—
—
Ashrit Realty LLC
—
Deed Of Trust
related
$2,000,000 · Riggins INC
—
—
Singh Oil Corp
—
Deed Of Trust
related
$2,280,000 · First Ic Bk
—
—
Singh Oil Corp
—
Deed Of Trust
related
$2,280,000 · First Ic Bk
—
—
Singh Oil Corp
—
Deed Of Trust
related
$2,000,000 · First Ic Bk
—
—
Singh Oil Corp
—
Deed Of Trust
related
$1,500,000 · First Ic Bk
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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