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Property profile & analytics
OFF-MARKET
Estimated value
$6,285,000
Industrial properties
160 Airport Rd Lakewood, NJ 08701-6927
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2949881
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2002
Construction
FRAME
Total area
40,500 SF
Lot
3.71 ac (161,782 SF)
Zoning code
ABC
APN
15 01160- 01-00003
UPID
US59-2949881
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
-
DigaCore Technology Consulting - NJ Managed IT Services Tech Support Center IT Consulting Firm
-
CyOp Cybersecurity IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.04M
CAP Approach
CAP
$7.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.29M
Owner & transaction history
160 Airport Road LLC · 5 yrs held
160 Airport Road LLC
since 2021
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
ABC · Lakewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.6M
+30.5%
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
Method
Estimation
Statistic approach
$6,690,000
ML approach
$7,035,000
CAP Approach
CAP Return
Estimation
6%
$7,575,000
6.5%
$6,995,000
7%
$6,495,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,375,000
Current use
OFFICE BUILDING
$9,625,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$6.29M
Range $5.66M – $6.91M · ±10% · vs last sale $5.35M (Jan 11 2021)
Last sale anchor
$5.35M
Jan 11 2021
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
$155 / 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
$128,157
Tax year 2022
Assessed value
$5,616,000
Assessed 2023
Previous assessed
$5,616,000
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$463,800
Assessed improvement
$5,152,200
Land market value
$463,800
Improvement market value
$5,152,200
Total market value
$5,616,000
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
Year built
2002
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
40,500 SF
Lot
3.71 ac (161,782 SF)
Zoning code
ABC
APN
15 01160- 01-00003
UPID
US59-2949881
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
ABC · Lakewood, NJZoning ABC · permitted uses
ABC · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.4M
OFFICE BUILDING
Est. value
$9.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
3.71 ac
Current owner
From public records · entity-resolved
160 Airport Road LLC
Entity
Mailing address
160 AIRPORT RD, LAKEWOOD, NJ 08701-6927
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
$5,350,000
160 Airport Road LLC
Michele Donorio Demeo LLC
Deed
$4,012,500 · Lakeland Bank
Jan 29, 2016
—
Michele Donorio Demeo LLC
Michele Donorio Demeo LLC
Quit Claim Deed
related
—
Apr 29, 2015
—
Michele Donorio Demeo LLC
Emilio Donorio Demeo LLC
Quit Claim Deed
related
—
Dec 16, 2014
—
Michele Donorio Demeo LLC
Emilio Donorio Demeo L L C
Intrafamily Transfer
related
—
Jun 10, 2009
$4,750,000
Emilio Donorio Demeo LLC
M & I Realty LLC
Grant Deed
—
Dec 23, 2004
—
M & I Realty LLC
M & I Realty LLC
Quit Claim Deed
related
$3,360,000 · Bridger Commercial Funding LLC
May 23, 2001
$464,250
M & I Realty LLC
Lakewood Holdings LLC
Grant Deed
$2,000,000 · Amboy National Bank
—
—
M & I Realty LLC
—
Deed Of Trust
related
$2,450,000 · United Trust Bank
—
—
Michele Donorio Demeo LLC
—
Deed Of Trust
related
$2,650,000 · First Cmrc Bk
—
—
Michele Donorio Demeo LLC
—
Deed Of Trust
related
$250,000 · First Cmrc 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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