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Property profile & analytics
OFF-MARKET
Estimated value
$6,485,000
Industrial properties
1970 Swarthmore Ave Lakewood, NJ 08701-4553
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2954470
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
METAL FRAME
Total area
35,588 SF
Lot
3 ac (130,680 SF)
Zoning code
M1
APN
15 01606-0000-00014
UPID
US59-2954470
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
-
Shemen Tov Corp Industrial Manufacturer Production Facility
-
Central Jersey Pro medical Corp Home Health Care Service School
-
Future Care Consultants LLC Business Management Consultant
-
Poly on wheels Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.63M
CAP Approach
CAP
$6.15M
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$6.49M
Owner & transaction history
Swarthmore 1970 LLC · 3 yrs held
Swarthmore 1970 LLC
since 2023
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
M1 · Lakewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.7M
+64.6%
Apartment house (5+ units)
$10.1M
+55.7%
Office building
$8.5M
+30.5%
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
$6,670,000
ML approach
$6,625,000
CAP Approach
CAP Return
Estimation
6%
$6,655,000
6.5%
$6,145,000
7%
$5,705,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,480,000
Current use
COMMERCIAL (GENERAL)
$10,665,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,090,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$8,460,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$6.49M
Range $5.84M – $7.13M · ±10% · vs last sale $6.35M (Jan 17 2023)
Last sale anchor
$6.35M
Jan 17 2023
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
$182 / 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
$71,406
Tax year 2022
Assessed value
$3,129,100
Assessed 2023
Previous assessed
$3,129,100
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$585,000
Assessed improvement
$2,544,100
Land market value
$585,000
Improvement market value
$2,544,100
Total market value
$3,129,100
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
Year built
1970
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
35,588 SF
Lot
3 ac (130,680 SF)
Zoning code
M1
APN
15 01606-0000-00014
UPID
US59-2954470
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
OFFICE BUILDING
Est. value
$8.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Swarthmore 1970 LLC
Entity
Mailing address
1750 CEDARBRIDGE AVE, LAKEWOOD, NJ 08701-6921
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
—
Swarthmore 1970 LLC
—
Deed
related
$4,762,500 · Oceanfirst Bank
Jan 17, 2023
$6,350,000
Swarthmore 1970 LLC
1970 Swarthmore LLC
Deed
—
Jul 24, 2008
$2,575,000
1970 Swarthmore LLC
Security Natl Props Funding I
Grant Deed
—
Nov 15, 2006
—
Natl Props Funding I Security
—
Deed Of Trust
related
$250,000,000 · Bank Of America
Jun 20, 2005
—
Natl Props Funding I Security
Security Natl Props Funding L
Quit Claim Deed
$44,500,000 · Bank Of America
Feb 19, 2004
—
Security Natl Properties Fund
Security Natl Properties Atla
Quit Claim Deed
related
$100,000 · Fleet National Bank
Jul 9, 2001
—
Hoopa INC
Security Natl Properties-bath
Grant Deed
related
—
Jul 9, 2001
$875,000
Security Natl Properties-atla
Alaska Seaboard Partners LP
Grant Deed
related
$1,200,000 · Sovereign Bank
Apr 17, 2001
—
Security National Properties B
Hoopa INC
Grant Deed
related
—
Sep 7, 2000
—
Hoopa INC
Thomson,vivian
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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