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Property profile & analytics
OFF-MARKET
Estimated value
$5,975,000
Industrial properties
1975 Swarthmore Ave, Lakewood, NJ 08701-4534
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-0181035
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
CONCRETE BLOCKS
Total area
62,920 SF
Lot
6.79 ac (295,772 SF)
Zoning code
M1
APN
15 01607-0000-00004
UPID
US59-0181035
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
-
NITTO Inc. Warehouse & Storage
-
BMI Merchandise Inc Warehouse & Storage
-
Nitto,Inc.(Lakewood,NJ) Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.98M
Owner & transaction history
Kenneth Garzo · 11 yrs held
Kenneth Garzo
since 2014
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
$95 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$113,472
Tax year 2023
Assessed value
$4,800,000
Assessed 2024
Previous assessed
$4,800,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,324,100
Assessed improvement
$3,475,900
Land market value
$1,324,100
Improvement market value
$3,475,900
Total market value
$4,800,000
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
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
62,920 SF
Lot
6.79 ac (295,772 SF)
Zoning code
M1
APN
15 01607-0000-00004
UPID
US59-0181035
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
1980
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
6.79 ac
Current owner
From public records · entity-resolved
Kenneth Garzo
Individual
Mailing address
1975 SWARTHMORE AVE, LAKEWOOD, NJ 08701-4534
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
1975 Swarthmore Avenue LLC
—
Deed
related
$3,918,134 · Td Bk NA
Nov 6, 2019
—
1975 Swarthmore Avenue LLC
—
Deed
related
$4,000,000 · Td Bank NA
Oct 7, 2014
—
Kenneth Garzo
Steinau Florence T
Grant Deed
related
—
Jul 30, 2002
—
1975 Swarthmore Avenue LLC
Leahy America Corp
Grant Deed
$2,000,000 · Commerce Bank Shore NA
—
—
1975 Swarthmore Avenue LLC
—
Loan Modification
related
$3,400,000 · Td Bk NA
—
—
1975 Swarthmore Avenue LLC
—
Deed Of Trust
related
$450,000 · Commerce Bank Shore NA
—
—
1975 Swarthmore Avenue LLC
—
Loan Modification
related
$3,918,134 · Td Bk 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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