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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Commercial real estate
17 Roosevelt Blvd Marmora, NJ 08223-1415
Entity Owned
11-yr Hold
Free & Clear
Property ID
US59-0049236
Property summary
AI-generated overview
This exceptional three-story commercial property, located at 17 Roosevelt Blvd in Marmora, New Jersey, presents a unique opportunity for businesses seeking high visibility and convenient access. Boasting 2,400 to 3,600 square feet of space, this building, renovated in 2014, features a metal roof and is zoned for commercial use. The first floor includes four rooms, a full bath, and an eat-in kitchen, while the second floor offers four large rooms and 1.5 baths, with attic access via stairs. A full basement provides additional space, including several rooms, a powder room, and a utility room equipped with a washer and dryer. The property enjoys a prime location, offering maximum exposure and is minutes from Ocean City and the Garden State Parkway. Available September 30, 2024. Detailed floor plans and property disclosures are available upon request. This property is ideal for a variety of professional office uses.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
FRAME
Total area
2,612 SF
Lot
0.37 ac (16,200 SF)
Zoning code
MTCD
APN
11 00731-0000-00023
UPID
US59-0049236
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
-
Dompierre Showroom & Workroom (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$429k
Blend (final)
Blend
$705k
Owner & transaction history
Griffin Dompierre LLC · 11 yrs held
Griffin Dompierre LLC
since 2015
Last sale
$925,000
5 recorded transactions
Zoning & alternative use
MTCD · Marmora, 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 Marmora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marmora 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $925k (Sep 9 2024)
Last sale anchor
$925k
Sep 9 2024
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
$270 / 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
$5,629
Tax year 2022
Assessed value
$267,800
Assessed 2023
Previous assessed
$267,800
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$122,000
Assessed improvement
$145,800
Land market value
$122,000
Improvement market value
$145,800
Total market value
$267,800
Applied tax rate
11.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,612 SF
Lot
0.37 ac (16,200 SF)
Zoning code
MTCD
APN
11 00731-0000-00023
UPID
US59-0049236
Jurisdiction
CAPE MAY
Zoning & alternative use
MTCD · Marmora, NJ
Zoning MTCD · permitted uses
MTCD · Marmora, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marmora. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Griffin Dompierre LLC
Entity
Free & Clear · 11 yrs held
Mailing address
205 RT 9TH N, MARMORA, NJ 08223
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2015
—
Griffin Dompierre LLC
Griffin Dompierre LLC
Quit Claim Deed
related
—
Jan 29, 2014
$250,000
Griffin Dompierre LLC
Patterson,deborah
Grant Deed
$210,000 · Fulton Bk/nj
Apr 28, 2005
$1
Patterson,deborah
Balic,savo
Grant Deed
related
—
—
—
Griffin Dompierre LLC
—
Deed Of Trust
related
$126,249 · Fulton Bk/nj
—
—
Griffin Dompierre LLC
—
Deed Of Trust
related
$157,000 · Trenton Busn Assistance
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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