Entity Owned 
For Lease
1 / 50
$1,850/Mo
156 Route 45, Mannington, NJ 08079
View Listing →
Property summary
AI-generated overview
This commercial property at 156 Route 45 in Salem, New Jersey, presents a unique opportunity for businesses seeking high-traffic exposure. Located on a bustling highway, this office space offers excellent visibility for attracting clients and employees. Its proximity to a major hospital makes it particularly attractive to medical and healthcare-related businesses, providing convenient access to medical facilities. Public transportation is also readily available, enhancing accessibility for staff and visitors. The 0.31-acre lot offers potential for expansion or modification. The interior space may be divisible, offering flexibility for tenants with varying needs. While the exact square footage is currently unavailable, the property is zoned commercial, allowing for a wide range of uses. Potential tenants should be aware that utilities are not included and that the property currently contains dust and debris requiring cleanup. This prime location offers a compelling opportunity for businesses seeking a high-visibility, conveniently located office space. Inquire now to learn more about this exciting prospect.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Construction
BRICK
Total area
1,341 SF
Lot
0.31 ac (13,504 SF)
Zoning code
GC
APN
06 00061-0000-00002
UPID
US59-2137841
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$135k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$105k
Owner & transaction history
since 2023
Last sale
$100,000
1 recorded transaction
Zoning & alternative use
GC · Mannington, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$105k
Value range
$95k – $116k
±10% around blend
Estimated value / SF
$78 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$95k
blend $105k
$116k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,341 SF
Lot area
0.31 ac
Year built
1980
Stories
1
APN
06 00061-0000-00002
Zoning
GC
Assessed value
$135,500
Annual tax
$4,698
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$247k
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.9 mi away · 1,088 SF
12.2 mi away · 1,125 SF
12.7 mi away · 1,108 SF
12.9 mi away · 938 SF
13.3 mi away · 1,428 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$105k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 152 sales
$85
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $78/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$100k
Move the market yield to see immediate price impact.
Value / SF
$75
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$6k
$126k
$90k
$70k
$7k
$140k
$100k
$78k
$8k
$154k
$110k
$86k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$189k
11.7 mi · Apr 2026 · $159/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,698
Tax year 2022
Assessed value
$135,500
Assessed 2023
Previous assessed
$135,500
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$43,700
Assessed improvement
$91,800
Land market value
$43,700
Improvement market value
$91,800
Total market value
$135,500
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1980
Construction
BRICK
Heating
NONE
Stories
1
Total area
1,341 SF
Lot
0.31 ac (13,504 SF)
Zoning code
GC
APN
06 00061-0000-00002
UPID
US59-2137841
Jurisdiction
SALEM
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
GC · Mannington, NJZoning GC · permitted uses
GC · Mannington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1980
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GC
Jurisdiction
Mannington, NJ
Recorded code
GC
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
