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Property profile & analytics
FOR SALE
Individual retail properties
172 Franklin Corner Rd Lawrence Township, NJ 08648
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-2041165
For Sale
1 / 27
$888,000
172 Franklin Corner Rd, Lawrence Township, NJ 08648
View Listing →
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1950
Construction
FRAME
Total area
2,450 SF
Lot
0.45 ac (19,488 SF)
Zoning code
AT
APN
07 03901-0000-00011
UPID
US59-2041165
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
172 Realty LLC · 5 yrs held
172 Realty LLC
since 2020
Last sale
$85,000
3 recorded transactions
Zoning & alternative use
AT · Lawrence Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 409 Apartment and Townhouse (AT) Residential District. [Ord. 2283-17, 12/19/17] A. Purpose. The Apartment and Townhouse (AT) residential zone is intended to provide for dwellings in a garden apartment , multi-story or townhouse confi guration at moderate
Zone name
Apartment And Townhouse
General category
RESIDENTIAL
Zone area
292.63 ac
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 Lawrence Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence Township 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,948
Tax year 2022
Assessed value
$98,900
Assessed 2023
Previous assessed
$98,900
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$73,900
Assessed improvement
$25,000
Land market value
$73,900
Improvement market value
$25,000
Total market value
$98,900
Applied tax rate
7.0000
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
Individual retail properties
Use group
DRY CLEANER
Status
For Sale
Year built
1950
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,450 SF
Lot
0.45 ac (19,488 SF)
Zoning code
AT
APN
07 03901-0000-00011
UPID
US59-2041165
Jurisdiction
MERCER
Zoning & alternative use
AT · Lawrence Township, NJZoning AT · permitted uses
AT · Lawrence Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 409 Apartment and Townhouse (AT) Residential District. [Ord. 2283-17, 12/19/17] A. Purpose. The Apartment and Townhouse (AT) residential zone is intended to provide for dwellings in a garden apartment , multi-story or townhouse confi guration at moderate
Zone name
Apartment And Townhouse
General category
RESIDENTIAL
Zone area
292.63 ac
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
172 Realty LLC
Entity
Free & Clear · 5 yrs held
Mailing address
77 WOODMONT DR, LAWRENCE TOWNSHIP, NJ 08648-2119
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Sep 14, 2020
$170,000
172 Realty LLC
Suss 172 Franklin LLC
Grant Deed
—
Sep 25, 2019
$85,000
Suss 172 Franklin LLC
J & S Land Corp
Grant Deed
—
May 18, 1989
$225,000
Jack Shaw
Unknown
Grant Deed
—
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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