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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Commercial real estate
221 Delsea N Dr Glassboro, NJ 08028-2011
Individually Owned
16-yr Hold
Free & Clear
Property ID
US59-1428406
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Total area
5,202 SF
Lot
1.13 ac (49,223 SF)
Zoning code
C4
APN
06 00015-0000-00001
UPID
US59-1428406
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
$1.63M
Blend (final)
Blend
$1.29M
Owner & transaction history
Fmg Glassboro Pharmacy Assn Ll · 16 yrs held
Fmg Glassboro Pharmacy Assn Ll
since 2009
7 recorded transactions
Zoning & alternative use
C4 · Glassboro, 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 Glassboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glassboro 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
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$247 / 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
$95,935
Tax year 2022
Assessed value
$2,512,000
Assessed 2023
Previous assessed
$2,769,500
-9.3% YoY
Effective rate
3.82%
On assessed value
Land market value
$1,059,400
Improvement market value
$1,582,898
Total market value
$2,642,298
Applied tax rate
6.0000
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
1945
Heating
NONE
Stories
1
Total area
5,202 SF
Lot
1.13 ac (49,223 SF)
Zoning code
C4
APN
06 00015-0000-00001
UPID
US59-1428406
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
C4 · Glassboro, NJ
Zoning C4 · permitted uses
C4 · Glassboro, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glassboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Fmg Glassboro Pharmacy Assn Ll
Individual
Free & Clear · 16 yrs held
Mailing address
222 HADDON AVE STE #301, HADDON TOWNSHIP, NJ 08108-2827
Ownership since
2009
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
Oct 16, 2009
$2,300,000
Fmg Glassboro Pharmacy Assn Ll
Braun,todd K
Grant Deed
—
Dec 2, 2005
$12,000
Todd K Braun
Area Ents INC
Grant Deed
—
Feb 1, 1999
—
Todd K Braun
—
Grant Deed
related
$383,700 · Commerce Bank Of North America
—
—
Todd K Braun
—
Deed Of Trust
related
$30,000 · Commerce Bank NA
—
—
Todd K Braun
—
Deed Of Trust
related
$50,000 · Commerce Bank NA
—
—
Todd K Braun
—
Deed Of Trust
related
$50,000 · Commerce Bank NA
—
—
Fmg Glassboro Pharmacy Assn Ll
—
Deed Of Trust
related
$3,500,000 · Oritani Bank
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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