New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,860,000
Industrial properties
190 Oberlin N Ave, Lakewood, NJ 08701-4266
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1922377
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
FRAME
Total area
131,900 SF
Lot
16.03 ac (698,049 SF)
Zoning code
M1
APN
15 01603-0000-00001- 01
UPID
US59-1922377
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
-
Ferguson HVAC Supply Big Box & Wholesale Store Building Supply
-
Shore Builders Association of Central New Jersey, Inc. Charitable Organization Social Service Agency
-
Ferguson Plumbing Supply Plumbing Service Building Supply
-
Ferguson Bath, Kitchen & Lighting Gallery Kitchen & Bath Showroom Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.86M
Owner & transaction history
Eric J Meyer · 2 yrs held
Eric J Meyer
since 2023
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
$90 / 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
$254,815
Tax year 2022
Assessed value
$9,500,000
Assessed 2023
Previous assessed
$9,500,000
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$3,123,900
Assessed improvement
$6,376,100
Land market value
$3,123,900
Improvement market value
$6,376,100
Total market value
$9,500,000
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
1987
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
131,900 SF
Lot
16.03 ac (698,049 SF)
Zoning code
M1
APN
15 01603-0000-00001- 01
UPID
US59-1922377
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Lakewood, NJ
Zoning M1 · permitted uses
M1 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
16.03 ac
Current owner
From public records · entity-resolved
Eric J Meyer
Individual
Mailing address
3015 TANGIER DR, ALLENWOOD, NJ 08720-7035
Ownership since
2023
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
Nov 20, 2023
—
Eric J Meyer
Kathleen M Meyer Revocable Living T
Intrafamily Transfer
related
—
Jul 6, 2020
—
Meyer,john L JR Trust
John L Meyer JR.
Quit Claim Deed
related
—
Oct 7, 2014
—
Kenneth Garzo
Steinau Florence T
Grant Deed
—
Jul 16, 2014
—
John L Meyer JR.
Meyer,john L JR
Quit Claim Deed
—
May 16, 2014
—
John L Meyer JR.
Meyer,john L JR
Quit Claim Deed
related
—
Jun 8, 2004
$1,475,000
Stamos & Sommers LLC
Meyer,john L JR
Grant Deed
—
Mar 17, 1999
—
John L Meyer
—
Deed Of Trust
related
$4,000,000 · Summit Bank
—
—
John L Meyer JR.
—
Deed Of Trust
related
$2,600,000 · Provident Savings 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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