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Property profile & analytics
OFF-MARKET
Estimated value
$2,360,000
Industrial properties
195 Lehigh Ave Lakewood, NJ 08701-4555
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-1451606
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
FRAME
Total area
97,792 SF
Lot
7.5 ac (326,700 SF)
Zoning code
M1
APN
15 01606-0000-00001
UPID
US59-1451606
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
-
Nj Nj Irrigation General Contractor Construction Company
-
Seaview Beverage Distributors Big Box & Wholesale Store Distribution Center
-
Dbn Enterprise Inc Distribution Center Logistics Company
-
National Safety Compliance Inc Drug Testing Service Alcoholism Treatment Program
-
Omnia Management Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.36M
Owner & transaction history
195 Lehigh LLC · 3 yrs held
195 Lehigh LLC
since 2022
Last sale
$2.1M
5 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
Method
Estimation
Statistic approach
$2,400,000
ML approach
$2,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±10% · vs last sale $2.05M (Dec 22 2022)
Last sale anchor
$2.05M
Dec 22 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$24 / 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
$199,778
Tax year 2022
Assessed value
$8,754,500
Assessed 2023
Previous assessed
$8,754,500
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$1,462,500
Assessed improvement
$7,292,000
Land market value
$1,462,500
Improvement market value
$7,292,000
Total market value
$8,754,500
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
1970
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
97,792 SF
Lot
7.5 ac (326,700 SF)
Zoning code
M1
APN
15 01606-0000-00001
UPID
US59-1451606
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
Year built
1970
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
7.5 ac
Current owner
From public records · entity-resolved
195 Lehigh LLC
Entity
Free & Clear · 3 yrs held
Mailing address
418 CLIFTON AVE STE #200, LAKEWOOD, NJ 08701-3749
Ownership since
2022
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
Feb 22, 2023
—
195 Lehigh LLC
—
Deed
related
$13,845,000 · First Commerce Bank
Dec 22, 2022
$2,050,000
195 Lehigh LLC
Redco Lake INC
Deed
—
Dec 22, 2022
—
Redco Lake INC
Redco Associates LP
Intrafamily Transfer
related
—
Oct 27, 2022
—
1985 Cedarbridge LLC
—
Deed
related
$11,500,000 · Lakeland Bank
Oct 7, 2014
—
Kenneth Garzo
Steinau Florence T
Grant Deed
related
—
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.
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