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Property profile & analytics
OFF-MARKET
Commercial real estate
2290 Rte 50, Corbin City, NJ 08270-3211
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1396126
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1890
Construction
FRAME
Total area
2,468 SF
Lot
1.34 ac (58,501 SF)
Zoning code
TVPV
APN
11 00306-0000-00019- 01
UPID
US59-1396126
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
by Request
Owner & transaction history
2270 Route 50 LLC · 12 yrs held
2270 Route 50 LLC
since 2013
3 recorded transactions
Zoning & alternative use
TVPV · Corbin City, 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 Corbin City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corbin City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$4,552
Tax year 2022
Assessed value
$209,400
Assessed 2023
Previous assessed
$209,400
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$103,500
Assessed improvement
$105,900
Land market value
$103,500
Improvement market value
$105,900
Total market value
$209,400
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1890
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,468 SF
Lot
1.34 ac (58,501 SF)
Zoning code
TVPV
APN
11 00306-0000-00019- 01
UPID
US59-1396126
Jurisdiction
CAPE MAY
Zoning & alternative use
TVPV · Corbin City, NJ
Zoning TVPV · permitted uses
TVPV · Corbin City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corbin City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
2270 Route 50 LLC
Entity
Mailing address
357 CHICAGO AVE, EGG HARBOR CITY, NJ 08215-2214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2023
—
Fagan And Fagan Properties LLC
—
Deed
related
$224,700 · Blue Gate Capital LLC
Jul 24, 2013
$250,000
2270 Route 50 LLC
Jcs Real Estate Dev Corp
Grant Deed
$250,000 · Farm Credit East Aca
Feb 15, 2006
$999,900
Jcs Real Estate Dev Corp
Desantis,richard
Grant Deed
—
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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