Entity Owned Property summary
AI-generated overview
The property is a 4,600-square-foot medical/professional office building sited on 4.63 acres and configured for office and medical-related use. The first floor includes eight exam rooms, a reception area, and waiting rooms, while the second floor was previously occupied by a medical practice with three physicians. The building was constructed to comply with medical codes and applicable township requirements and has been maintained. It is fully handicap accessible and includes handicap/emergency parking as well as 20 visitor parking spaces. The property is zoned WTOP (Whiting Town Office–Professional), with permitted uses including general warehousing, office, medical, vo-tech school, governmental offices, and professional services such as legal, accounting, and insurance.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
2,220 SF
Lot
4.63 ac (201,683 SF)
Zoning code
WTOP
APN
19 00102-0000-00003
UPID
US59-0045046
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Physician
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$925k
Owner & transaction history
since 2021
Last sale
$775,000
3 recorded transactions
Zoning & alternative use
WTOP · Whiting, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 35 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$925k
Value range
$833k – $1.02M
±10% around blend
Estimated value / SF
$417 / SF
Confidence
High
35 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$833k
blend $925k
$1.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,220 SF
Lot area
4.63 ac
Year built
1973
Stories
1
APN
19 00102-0000-00003
Zoning
WTOP
Assessed value
$977,500
Annual tax
$21,652
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$661k
Weighted, 20 comps · high confidence
Evidence
35 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.2 mi away · 1,862 SF
9.6 mi away · 2,580 SF
11.0 mi away · 1,614 SF
11.1 mi away · 1,811 SF
11.1 mi away · 2,640 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$925k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 20 sales
$269
+55%
County 852 sales
$288
+45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $417/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 35 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
2.80%
Implied, in-place cap rate for this other commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$54k *
Last sale · Oct 2021
$775k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.94M
Move the market yield to see immediate price impact.
Value / SF
$873
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.30%2.80%3.30%
$49k
$2.12M
$1.74M
$1.48M
$54k
$2.36M
$1.94M
$1.64M
$60k
$2.59M
$2.13M
$1.81M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
35 found
High confidence · county-verified
Closest comparable
$475k
8.7 mi · Feb 2026 · $256/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$21,652
Tax year 2022
Assessed value
$977,500
Assessed 2023
Previous assessed
$977,500
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$673,600
Assessed improvement
$303,900
Land market value
$673,600
Improvement market value
$303,900
Total market value
$977,500
Applied tax rate
19.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Stories
1
Units
1
Total area
2,220 SF
Lot
4.63 ac (201,683 SF)
Zoning code
WTOP
APN
19 00102-0000-00003
UPID
US59-0045046
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
WTOP · Whiting, NJZoning WTOP · permitted uses
WTOP · Whiting, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
1
Units
1
Lot
4.63 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
WTOP
Jurisdiction
Whiting, NJ
Recorded code
WTOP
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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