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Property profile & analytics
OFF-MARKET
Estimated value
$12,030,000
Industrial properties
200 Syracuse Ct Lakewood, NJ 08701-6918
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0482242
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
85,710 SF
Lot
5.16 ac (224,770 SF)
Zoning code
M1
APN
15 01600-0000-00009
UPID
US59-0482242
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
-
Imperial Tile & Marble General Contractor Renovation Specialist
-
A+ Letter Service Postal Service Courier Service
-
Omni Distributors Big Box & Wholesale Store Discount Store
-
Affiliated Direct Mail Postal Service Courier Service
-
C&M Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.90M
CAP Approach
CAP
$14.80M
Comparable Approach
Comparable
$15.61M
Blend (final)
Blend
$12.03M
Owner & transaction history
1st Constitution Bank · 4 yrs held
1st Constitution Bank
since 2021
Last sale
$8.5M
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
$11,870,000
ML approach
$12,895,000
CAP Approach
CAP Return
Estimation
6%
$16,035,000
6.5%
$14,800,000
7%
$13,745,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,610,000
Current use
Blend value · Realmo final
$12.03M
Range $10.83M – $13.23M · ±10% · vs last sale $8.50M (Feb 10 2020)
Last sale anchor
$8.50M
Feb 10 2020
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
$140 / 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
$164,760
Tax year 2022
Assessed value
$7,220,000
Assessed 2023
Previous assessed
$7,220,000
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$1,006,200
Assessed improvement
$6,213,800
Land market value
$1,006,200
Improvement market value
$6,213,800
Total market value
$7,220,000
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
85,710 SF
Lot
5.16 ac (224,770 SF)
Zoning code
M1
APN
15 01600-0000-00009
UPID
US59-0482242
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
$15.6M
INDUSTRIAL (GENERAL) Current
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
5.16 ac
Current owner
From public records · entity-resolved
1st Constitution Bank
Entity
Mailing address
PO BOX 17, LAKEWOOD, NJ 08701-0017
Ownership since
2021
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
Aug 31, 2021
—
1st Constitution Bank
Syracuse 200 LLC
Assignment Of Lease (leasehold Sale)
$10,800,000 · 1st Constitution Bank
Apr 23, 2020
—
Syracuse 200 LLC
—
Deed
related
$6,800,000 · First Cmrc Bk
Feb 10, 2020
$8,500,000
Syracuse 200 LLC
Four Di LLC
Grant Deed
—
Aug 30, 2002
$3,200,000
Four Di LLC
Stapo Realty Co
Grant Deed
$2,000,000 · Oceanfirst Bank
—
—
Syracuse 200 LLC
—
Deed Of Trust
related
$6,800,000 · First Cmrc Bk
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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