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Property profile & analytics
FOR SALE
Office buildings
198 Route 73 S Berlin, NJ 08009
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1066282
For Sale
1 / 15
$599,900
198 Route 73 S, Berlin, NJ 08009
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
1,380 SF
Lot
0.55 ac (23,750 SF)
Zoning code
C-3
APN
05 01110-0000-00017
UPID
US59-1066282
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
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
Meeting Housing Investment Gro · 11 yrs held
Meeting Housing Investment Gro
since 2014
4 recorded transactions
Zoning & alternative use
C-3 · Berlin, 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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,989
Tax year 2023
Assessed value
$384,300
Assessed 2024
Previous assessed
$384,300
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$206,300
Assessed improvement
$178,000
Land market value
$206,300
Improvement market value
$178,000
Total market value
$384,300
Applied tax rate
5.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1961
Heating
NONE
Stories
1
Units
1
Total area
1,380 SF
Lot
0.55 ac (23,750 SF)
Zoning code
C-3
APN
05 01110-0000-00017
UPID
US59-1066282
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Berlin, NJ
Zoning C-3 · permitted uses
C-3 · Berlin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Meeting Housing Investment Gro
Entity
Mailing address
112 HADDONTOWNE CT STE #101, CHERRY HILL, NJ 08034-3662
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
—
Meeting House Investment Group LLC
—
Deed
related
$300,000 · Sturdy Savings Bank
Nov 1, 2017
—
Meeting House Investment Group LLC
—
Deed
related
$231,000 · Oceanfirst Bank
Dec 22, 2014
$300,000
Meeting Housing Investment Gro
Sp Forte LLC
Grant Deed
—
—
—
Forte & Companies INC
—
Deed Of Trust
related
$100,000 · Alan L Frank Law Associates PC
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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