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Property profile & analytics
OFF-MARKET
Retail space
1935 New Rd Northfield, NJ 08225-1501
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0353637
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Construction
METAL FRAME
Lot
0.36 ac (15,699 SF)
Zoning code
O-P
APN
18 00033-0000-00059
UPID
US59-0353637
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
-
Prodance Academy Training Center
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
LP Holdings LLC · 10 yrs held
LP Holdings LLC
since 2016
5 recorded transactions
Zoning & alternative use
O-P · Northfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ghborhood Business District. § 215-156.1 R-B Residential Business District. § 215-157 C-B Commercial Business District. § 215-158 R-C Regional Commercial District. § 215-158.1 C-MF Commercial-Multifamily Zone. § 215-159 O-P Office Professional District. § 215-160 O-PB Office Professional Business District. § 215-161 Flood hazard areas. § 215-162 PSU Public S…
Zone name
Office Professional
General category
UNKNOWN
Zone area
47.80 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 Northfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northfield 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
$13,619
Tax year 2022
Assessed value
$390,000
Assessed 2023
Previous assessed
$390,000
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$227,500
Assessed improvement
$162,500
Land market value
$227,500
Improvement market value
$162,500
Total market value
$390,000
Applied tax rate
18.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.36 ac (15,699 SF)
Zoning code
O-P
APN
18 00033-0000-00059
UPID
US59-0353637
Jurisdiction
ATLANTIC
Zoning & alternative use
O-P · Northfield, NJZoning O-P · permitted uses
O-P · Northfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ghborhood Business District. § 215-156.1 R-B Residential Business District. § 215-157 C-B Commercial Business District. § 215-158 R-C Regional Commercial District. § 215-158.1 C-MF Commercial-Multifamily Zone. § 215-159 O-P Office Professional District. § 215-160 O-PB Office Professional Business District. § 215-161 Flood hazard areas. § 215-162 PSU Public Service Use. § 215-162.1 Affordable Housing 2 - Overlay District (AH2). Article XII
Zone name
Office Professional
General category
UNKNOWN
Zone area
47.80 ac
Building & site characteristics
From public records
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
LP Holdings LLC
Entity
Mailing address
29 EMERALD DR, EGG HARBOR TWP, NJ 08234-5940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jun 17, 2016
$220,000
LP Holdings LLC
Wells Fargo Bk NA
Grant Deed
related
$176,000 · Ocean Cty(nj) Hm Bk
Aug 6, 2013
$346,993
Fargo Bk NA Wells
Sheriff Of Atlantic County
Trustees Deed
related
—
May 28, 1999
$251,000
Frank Vincent
Bernath,daniel
Grant Deed
$200,000 · Commerce Bank Of North America
—
—
Frank Vincent
—
Deed Of Trust
related
$200,000 · First Union National Bank
—
—
Frank Vincent
—
Deed Of Trust
related
$70,000 · Private Lender
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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