Entity Owned Property summary
AI-generated overview
A 5,038-square-foot warehouse/garage building in Ewing Township, New Jersey, approved for vehicle service business use. The facility has a 12-foot drive-in door with approximately 14.5 feet of clear height, and includes six vehicle lifts, a compressor, and additional equipment (provided in as-is condition). Building improvements include interior repainting and relamping. The structure also contains an approximately 1,000-square-foot office area with a waiting room, bathroom, and parts room. A large parking area supports at least 28 vehicles, and the property sits on a 0.44-acre lot.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Construction
CONCRETE BLOCKS
Total area
5,248 SF
Lot
0.44 ac (18,962 SF)
Zoning code
IP-2
APN
02 00042-0000-00021
UPID
US59-2084407
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marketing & Advertising Advertising Agency
-
Industrial Manufacturer
-
Auto Repair Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$320k
Owner & transaction history
since 2026
Last sale
$900,000
1 recorded transaction
Zoning & alternative use
IP-2 · Ewing, NJ
Top alternative use upside
Apartment house (5+ units)
$560,000
+28.0%
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$320k
Value range
$288k – $352k
±10% around blend
Estimated value / SF
$61 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$288k
blend $320k
$352k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,248 SF
Lot area
0.44 ac
Year built
1980
Stories
1
APN
02 00042-0000-00021
Zoning
IP-2
Assessed value
$486,100
Annual tax
$17,485
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.16M
@ 6.5% CAP return
$1.07M
@ 7% CAP return
$990k
4
Sales comparison
Partial preview
Sales approach indication
$722k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.8 mi away · 5,431 SF
1.9 mi away · 5,460 SF
2.6 mi away · 3,744 SF
3.0 mi away · 6,020 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$320k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 106 sales
$83
-27%
Submarket 763 sales
$97
-37%
County 839 sales
$111
-45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $61/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+28%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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 · 5 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$900k
Move the market yield to see immediate price impact.
Value / SF
$171
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%
$57k
$1.13M
$810k
$630k
$63k
$1.26M
$900k
$700k
$69k
$1.39M
$990k
$770k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$585k
1.3 mi · Nov 2025 · $143/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,485
Tax year 2022
Assessed value
$486,100
Assessed 2023
Previous assessed
$486,100
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$73,700
Assessed improvement
$412,400
Land market value
$73,700
Improvement market value
$412,400
Total market value
$486,100
Applied tax rate
2.0000
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
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
5,248 SF
Lot
0.44 ac (18,962 SF)
Zoning code
IP-2
APN
02 00042-0000-00021
UPID
US59-2084407
Jurisdiction
MERCER
Zoning & alternative use
IP-2 · Ewing, NJZoning IP-2 · permitted uses
IP-2 · Ewing, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IP-2
Jurisdiction
Ewing, NJ
Recorded code
IP-2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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