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Property profile & analytics
OFF-MARKET
Estimated value
$8,280,000
Office buildings
2 Terri Ln Burlington, NJ 08016-4901
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0102809
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
25,910 SF
Lot
4.66 ac (203,207 SF)
Zoning code
I-1
APN
06 00120- 02-00010
UPID
US59-0102809
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
-
E Mortgage Management LLC Loan Service Bank
-
CE & IC, Inc. Engineer Engineering Consultant
-
FedEx Drop Box Postal Service Courier Service
-
Mcavoy Edward Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.28M
Owner & transaction history
Bright Terri LLC · 1 yrs held
Bright Terri LLC
since 2025
Last sale
$7.9M
4 recorded transactions
Zoning & alternative use
I-1 · Burlington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 207-80 W-1 Waterfront District. § 207-81 HC-1 Highway Corridor District. § 207-81.1 Highway Corridor Overlay-1 (HCO-1) District. § 207-82 HC-2 Highway Corridor District. § 207-83 IP Industrial Park District. § 207-84 I-1 Industrial District and IP Industrial Park District. § 207-84.1 Outdoor displays. § 207-85 Parking and loading. § 207-86 Performance stan…
Zone name
Industrial Districts
General category
INDUSTRIAL
Zone area
138.78 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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
$8,720,000
ML approach
$8,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.28M
Range $7.45M – $9.11M · ±10% · vs last sale $7.87M (Sep 21 2023)
Last sale anchor
$7.87M
Sep 21 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
$320 / 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
$69,951
Tax year 2022
Assessed value
$2,352,100
Assessed 2023
Previous assessed
$2,352,100
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$337,000
Assessed improvement
$2,015,100
Land market value
$337,000
Improvement market value
$2,015,100
Total market value
$2,352,100
Applied tax rate
6.0000
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
Off-Market
Year built
1987
Heating
NONE
Total area
25,910 SF
Lot
4.66 ac (203,207 SF)
Zoning code
I-1
APN
06 00120- 02-00010
UPID
US59-0102809
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Burlington, NJZoning I-1 · permitted uses
I-1 · Burlington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 207-80 W-1 Waterfront District. § 207-81 HC-1 Highway Corridor District. § 207-81.1 Highway Corridor Overlay-1 (HCO-1) District. § 207-82 HC-2 Highway Corridor District. § 207-83 IP Industrial Park District. § 207-84 I-1 Industrial District and IP Industrial Park District. § 207-84.1 Outdoor displays. § 207-85 Parking and loading. § 207-86 Performance standards for industrial districts. § 207-87 Buffer and landscaping requirements. § 20
Zone name
Industrial Districts
General category
INDUSTRIAL
Zone area
138.78 ac
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Lot
4.66 ac
Current owner
From public records · entity-resolved
Bright Terri LLC
Entity
Mailing address
83 SS ST STE 101ST FREEHOLD
Ownership since
2025
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
Jul 8, 2025
$3,350,000
Bright Terri LLC
Eatontown Gp Spe LLC
Deed
$2,760,000 · Wilmington Savings Fund Society Fsb
Sep 21, 2023
$7,873,250
Eatontown Gp Spe LLC
Trigild Ivl Group
Bargain And Sale Deed
—
Mar 8, 2005
$10,570,000
Burlington-terri LLC
La Terri Lane Properties LLC
Grant Deed
$8,800,000 · J P Morgan Chase Bank
Dec 15, 1999
$6,650,000
La Terri Lane Props LLC
Cmd Real Estate LP
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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