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Property profile & analytics
OFF-MARKET
Estimated value
$5,595,000
Commercial real estate
220 Main St Barnegat, NJ 08005-2313
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-3103121
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
58,375 SF
Lot
5.46 ac (237,838 SF)
Zoning code
CPHD
APN
01 00263-0000-00001- 01
UPID
US59-3103121
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.37M
Blend (final)
Blend
$5.60M
Owner & transaction history
Csep 220 Main LLC · 1 yrs held
Csep 220 Main LLC
since 2025
7 recorded transactions
Zoning & alternative use
CPHD · Barnegat, 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 Barnegat submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Barnegat 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,290,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$5.60M
Range $5.04M – $6.15M · ±10%
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
$96 / 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
$129,582
Tax year 2022
Assessed value
$4,600,000
Assessed 2023
Previous assessed
$4,600,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,638,000
Assessed improvement
$2,962,000
Land market value
$1,638,000
Improvement market value
$2,962,000
Total market value
$4,600,000
Applied tax rate
1.0000
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
Year built
2007
Heating
NONE
Units
1
Total area
58,375 SF
Lot
5.46 ac (237,838 SF)
Zoning code
CPHD
APN
01 00263-0000-00001- 01
UPID
US59-3103121
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
CPHD · Barnegat, NJ
Zoning CPHD · permitted uses
CPHD · Barnegat, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Barnegat. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$9.3M
INDUSTRIAL (GENERAL)
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
Year built
2007
Heating
NONE
Units
1
Lot
5.46 ac
Current owner
From public records · entity-resolved
Csep 220 Main LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
—
Csep 220 Main LLC
Simply Storage Barnegat LLC
Deed
—
Oct 23, 2018
—
Simply Storage Barnegat LLC
—
Deed
related
—
Oct 5, 2016
$8,975,000
Simply Storage Barnegat LLC
Sssp Acquisitions Barnegat LLC
Grant Deed
$6,282,500 · Skymar Cap
May 17, 2013
—
Sssp Acquisitions Barnegat LLC
Ss Barnegat Lighthouse LLC
Grant Deed
—
May 27, 2011
—
Ss Englishtown LLC
—
Deed Of Trust
related
$62,262,500 · Wells Fargo Bk #2007-bmb (ce)
Mar 4, 2010
—
Ss Englishtown LLC
—
Deed Of Trust
related
$62,262,500 · Banc/america Tr 2007-bmb1 (ct)
Jun 8, 2007
$7,600,000
Ss Barnegat Lighthouse LLC
Lighthouse Self Storage LLC
Deed
$62,262,500 · Not Available
Nov 17, 2005
$1,150,000
Lighthouse Self Storage LLC
Masterresource Group INC
Grant Deed
$3,650,000 · Mercantile-safe Deposit & Trus
—
—
Simply Storage Barnegat LLC
—
Deed Of Trust
related
—
—
—
Ss Englishtown LLC
—
Deed Of Trust
related
$62,262,500 · Banc/america Tr 2007-bmb1 (ct)
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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