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Property profile & analytics
OFF-MARKET
Commercial real estate
175 State Rt 23rd S Hamburg, NJ 07419-1630
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1497089
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.69 ac (30,000 SF)
Zoning code
HC
APN
09 00022-0000-00031
UPID
US59-1497089
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
Red Knight R & E Ptrs III LLC · 6 yrs held
Red Knight R & E Ptrs III LLC
since 2019
6 recorded transactions
Zoning & alternative use
HC · Hamburg, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ing area requirements. Article XI BC Borough Center Zone Regulations § 215-66 Principal permitted uses. § 215-67 Accessory uses. § 215-68 Conditional uses. § 215-69 Dimensional standards. § 215-70 (Reserved) Article XII HC Highway Commercial Zone Regulations § 215-71 Principal permitted uses. § 215-72 Accessory uses. § 215-73 Conditional uses. § 215-74 Retai…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
58.82 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 Hamburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamburg 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
$25,725
Tax year 2022
Assessed value
$563,900
Assessed 2023
Previous assessed
$563,900
+0.0% YoY
Effective rate
4.56%
On assessed value
Assessed land
$173,400
Assessed improvement
$390,500
Land market value
$173,400
Improvement market value
$390,500
Total market value
$563,900
Applied tax rate
9.0000
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
Heating
NONE
Stories
2
Lot
0.69 ac (30,000 SF)
Zoning code
HC
APN
09 00022-0000-00031
UPID
US59-1497089
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Hamburg, NJZoning HC · permitted uses
HC · Hamburg, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ing area requirements. Article XI BC Borough Center Zone Regulations § 215-66 Principal permitted uses. § 215-67 Accessory uses. § 215-68 Conditional uses. § 215-69 Dimensional standards. § 215-70 (Reserved) Article XII HC Highway Commercial Zone Regulations § 215-71 Principal permitted uses. § 215-72 Accessory uses. § 215-73 Conditional uses. § 215-74 Retail dimensional requirement. § 215-75 (Reserved) Article XIII (Reserved) § 215-76 th
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
58.82 ac
Building & site characteristics
From public records
Heating
NONE
Stories
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Red Knight R & E Ptrs III LLC
Entity
Mailing address
305 LAKESIDE BLVD, HOPATCONG, NJ 07843-1645
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2019
$935,000
Red Knight R & E Ptrs III LLC
Versaille Holdings INC
Grant Deed
$701,250 · Spencer Svgs Bk
Jun 29, 2000
$500,000
Versaille Holding INC
Bortone,michael
Grant Deed
$460,000 · Newton Trust Co
—
—
Versaille Holdings INC
—
Deed Of Trust
related
$10,000 · Lakeland Bank
—
—
Versaile Holdings INC
—
Deed Of Trust
related
$496,482 · Newton Trust Co
—
—
Versalle Holdings INC
—
Deed Of Trust
related
$105,000 · Lakeland Bk
—
—
Versaille Holdings INC
—
Deed Of Trust
related
$82,000 · Lakeland 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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