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Property profile & analytics
FOR LEASE
Industrial properties
220 Route 70, Medford, NJ 08055
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0152490
For Lease
1 / 8
$6,335,000
220 Route 70, Medford, NJ 08055
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Lot
17 ac (740,520 SF)
Zoning code
HC-1
APN
20 04103-0000-00007- 01
UPID
US59-0152490
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.34M
Owner & transaction history
Frg X Nj1 LP · 4 yrs held
Frg X Nj1 LP
since 2022
Last sale
$6.3M
6 recorded transactions
Zoning & alternative use
HC-1 · Medford, 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 Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford 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
$6,465,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.34M
Range $5.70M – $6.97M · ±10% · vs last sale $6.33M (Feb 3 2022)
Last sale anchor
$6.33M
Feb 3 2022
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
—
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
$94,250
Tax year 2022
Assessed value
$2,835,200
Assessed 2023
Previous assessed
$2,900,000
-2.2% YoY
Effective rate
3.32%
On assessed value
Land market value
$2,193,800
Improvement market value
$706,200
Total market value
$2,900,000
Applied tax rate
20.0000
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
For Lease
Year built
1970
Heating
NONE
Stories
1
Lot
17 ac (740,520 SF)
Zoning code
HC-1
APN
20 04103-0000-00007- 01
UPID
US59-0152490
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
HC-1 · Medford, NJ
Zoning HC-1 · permitted uses
HC-1 · Medford, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Lot
17 ac
Current owner
From public records · entity-resolved
Frg X Nj1 LP
Entity
Mailing address
310 SAW ML LN APT 8A, HORSHAM, PA 19044-1917
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
$6,333,000
Frg X Nj1 LP
Repp LLC
Deed
—
Dec 2, 2019
—
Repp LLC
—
Deed
related
$1,250,000 · Columbia Bk
Feb 10, 2005
$1,300,000
Repp LLC
Maclean,james P
Grant Deed
$2,700,000 · New Jersey Economic Dev Auth
Feb 10, 2005
$1
James P Maclean
Medford Associates
Grant Deed
related
—
—
—
Repp LLC
—
Deed Of Trust
related
$100,000 · Pnc Bank
—
—
Repp LLC
—
Deed Of Trust
related
$1,250,000 · Columbia 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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