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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Commercial real estate
209 Ctr St Lakehurst, NJ 08733-3004
Entity Owned
~
Est. High Equity
Property ID
US59-1700474
Property summary
AI-generated overview
This exceptional 5,500-square-foot warehouse, located at 209 Center Street, Lakehurst, NJ 08733 (cross streets: Pine Street), presents a significant opportunity for businesses seeking efficient and spacious industrial space. Situated in Ocean County's thriving Ocean County submarket, this single-tenant property is zoned B-2 (Business zone) and boasts a convenient location. The warehouse features a large bay door, ideal for efficient loading and unloading of deliveries. The interior offers ample space, further enhanced by existing shelving units, providing immediate storage solutions. The property's total building square footage is 5,500 square feet. The property's parcel number (APN) is 14-00067-0000-00002. This is a fantastic opportunity to establish or expand your business in a prime location. The property is available for lease. Inquire today to learn more about this exceptional warehouse space.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
3,610 SF
Lot
0.14 ac (6,250 SF)
Zoning code
B-2
APN
14 00067-0000-00002
UPID
US59-1700474
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
-
GTS Telephones Inc Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$800k
Owner & transaction history
Talis Global Flowers INC
Talis Global Flowers INC
since 2025
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
B-2 · Lakehurst, 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 Lakehurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakehurst 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
$805,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$970,000
Current use
OFFICE BUILDING
$860,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $900k (Dec 2 2025)
Last sale anchor
$900k
Dec 2 2025
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
$222 / 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
$5,120
Tax year 2022
Assessed value
$719,600
Assessed 2023
Previous assessed
$719,600
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$115,000
Assessed improvement
$604,600
Land market value
$115,000
Improvement market value
$604,600
Total market value
$719,600
Applied tax rate
14.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Stories
1
Units
1
Total area
3,610 SF
Lot
0.14 ac (6,250 SF)
Zoning code
B-2
APN
14 00067-0000-00002
UPID
US59-1700474
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Lakehurst, NJ
Zoning B-2 · permitted uses
B-2 · Lakehurst, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakehurst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$970,000
OFFICE BUILDING
Est. value
$860,000
COMMERCIAL (GENERAL) Current
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
Heating
NONE
Stories
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Talis Global Flowers INC
Entity
Mailing address
PO BOX 856, LAKEWOOD, NJ 08701-0856
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
$900,000
Talis Global Flowers INC
209 Center St LLC
Deed
$450,000 · Manasquan Bank
Aug 3, 2022
—
209 Center St LLC
—
Deed
related
$500,000 · First Commerce Bank
Jan 10, 2022
$750,000
209 Center St LLC
Philip K Greene
Deed
—
Nov 13, 2014
—
Phillip K Greene
Gts Telephone INC
Grant Deed
related
—
May 18, 1998
$100,000
Williams,thomas S & Angela
Weiner,sidney
Trustees Deed
—
May 18, 1998
—
Weiner,sidney
Imperial Manor Homes INC
Trustees Deed
related
—
—
—
Thomas S Williams
—
Deed Of Trust
related
$650,000 · Commerce Bank Shore 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.
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