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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Commercial real estate
157 State Rte 181 Lake Hopatcong, NJ 07849-1278
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US59-1447933
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Construction
TYPE NOT SPECIFIED
Total area
18,960 SF
Lot
2.6 ac (113,387 SF)
Zoning code
C-2
APN
14 00105-0000-00005- 02
UPID
US59-1447933
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
$2.14M
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.28M
Owner & transaction history
Leikfen Brothers Marinas LLC · 14 yrs held
Leikfen Brothers Marinas LLC
since 2011
3 recorded transactions
Zoning & alternative use
C-2 · Lake Hopatcong, 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 Lake Hopatcong submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Hopatcong 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,320,000
6.5%
$2,140,000
7%
$1,990,000
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±10%
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
$120 / 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
$62,082
Tax year 2022
Assessed value
$2,178,300
Assessed 2023
Previous assessed
$2,178,300
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$442,900
Assessed improvement
$1,735,400
Land market value
$442,900
Improvement market value
$1,735,400
Total market value
$2,178,300
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1965
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
18,960 SF
Lot
2.6 ac (113,387 SF)
Zoning code
C-2
APN
14 00105-0000-00005- 02
UPID
US59-1447933
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Lake Hopatcong, NJ
Zoning C-2 · permitted uses
C-2 · Lake Hopatcong, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Hopatcong. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
Leikfen Brothers Marinas LLC
Entity
Mailing address
157 STATE RTE 181, LAKE HOPATCONG, NJ 07849-1278
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2011
$3,500,000
Leikfen Brothers Marinas LLC
Estate Of Thomas E Wear JR
Executors Deed
$3,800,000 · Fulton Bank Of New Jersey
—
—
Thomas E Wear
—
Deed Of Trust
related
$125,000 · Skylands Community Bank
—
—
Thomas E Wear
—
Deed Of Trust
related
$250,000 · Skylands Community 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.
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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