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Property profile & analytics
OFF-MARKET
Estimated value
$3,540,000
Industrial properties
185 Oberlin N Ave Lakewood, NJ 08701-4599
Entity Owned
6-yr Hold
Free & Clear
Property ID
US59-0948858
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
STEEL FRAME
Total area
35,870 SF
Lot
4.16 ac (180,992 SF)
Zoning code
M1
APN
15 01605-0000-00002
UPID
US59-0948858
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
-
KRFC Design Center Hardware & Home Improvement Kitchen & Bath Showroom
-
Cintas Uniform Services (Bike/Boat/Book/etc) Store
-
Chocolate wise Specialty Food Shop Candy Store
-
Cintas Facility Services Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.54M
Owner & transaction history
Oberlin 185 LLC · 6 yrs held
Oberlin 185 LLC
since 2019
7 recorded transactions
Zoning & alternative use
M1 · Lakewood, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$99 / 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
$64,400
Tax year 2022
Assessed value
$2,822,100
Assessed 2023
Previous assessed
$2,822,100
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$809,300
Assessed improvement
$2,012,800
Land market value
$809,300
Improvement market value
$2,012,800
Total market value
$2,822,100
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
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
35,870 SF
Lot
4.16 ac (180,992 SF)
Zoning code
M1
APN
15 01605-0000-00002
UPID
US59-0948858
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Lakewood, NJZoning M1 · permitted uses
M1 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
4.16 ac
Current owner
From public records · entity-resolved
Oberlin 185 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 17, LAKEWOOD, NJ 08701-0017
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
—
1750 Cedar Bridge LLC
—
Deed
related
$2,500,000 · Lakeland Bank
Jan 5, 2022
—
1750 Cedar Bridge LLC
—
Deed
related
$41,000,000 · Lakeland Bank
Dec 24, 2019
—
1750 Cedar Bridge LLC
—
Grant Deed
related
$26,595,000 · Lakeland Bk
Nov 19, 2019
$4,750,000
Oberlin 185 LLC
Gdwd LLC
Grant Deed
—
May 14, 2014
—
Gdwd LLC
Gls Realty
Grant Deed
—
—
—
Gls Realty A Nj Partnership
—
Deed Of Trust
related
$500,000 · Lakewood Development Corp
—
—
Gdwd LLC
—
Deed Of Trust
related
$600,000 · Td Bk NA
—
—
Gls Realty
—
Deed Of Trust
related
$200,000 · Commerce Bank Shore NA
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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