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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Commercial real estate
23 Jimmie Leeds Rd Galloway, NJ 08205-9705
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0062060
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
2,314 SF
Lot
6.72 ac (292,723 SF)
Zoning code
PCR
APN
11 00950- 02-00005
UPID
US59-0062060
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
-
New Jersey Network News State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
Atlanticare Health Svcs INC · 6 yrs held
Atlanticare Health Svcs INC
since 2019
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
PCR · Galloway, 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 Galloway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Galloway 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
$1,955,000
ML approach
$2,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±10% · vs last sale $2.10M (Jan 2 2025)
Last sale anchor
$2.10M
Jan 2 2025
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
$882 / 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
$9,639
Tax year 2022
Assessed value
$300,200
Assessed 2023
Previous assessed
$300,200
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$300,200
Land market value
$300,200
Total market value
$300,200
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
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
1920
Heating
NONE
Stories
2
Units
1
Total area
2,314 SF
Lot
6.72 ac (292,723 SF)
Zoning code
PCR
APN
11 00950- 02-00005
UPID
US59-0062060
Jurisdiction
ATLANTIC
Zoning & alternative use
PCR · Galloway, NJ
Zoning PCR · permitted uses
PCR · Galloway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Galloway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
2
Units
1
Lot
6.72 ac
Current owner
From public records · entity-resolved
Atlanticare Health Svcs INC
Entity
Mailing address
1406 DOUGHTY RD FL RD-2ND, EGG HARBOR TWP, NJ 08234-5637
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2019
$1,800,000
Atlanticare Health Svcs INC
Dublin Dev LLC
Grant Deed
—
Oct 10, 2007
—
Dublin Dev LLC
—
Trustees Deed
related
$200,000 · Cape Savings Bank
Mar 6, 2007
—
Dublin Dev LLC
—
Trustees Deed
related
$600,000 · Cape Savings Bank
Apr 7, 2004
$270,000
Dublin Dev LLC
Selvanto Construction Co INC
Grant Deed
—
May 29, 2003
$387,500
Dublin Development LLC
Clark,jeanine D
Grant Deed
—
—
—
Dublin Dev LLC
—
Deed Of Trust
related
$300,000 · Cape Bank
—
—
Dublin Dev LLC
—
Deed Of Trust
related
$300,000 · Cape Bank
—
—
Dublin Dev LLC
—
Deed Of Trust
related
$200,000 · Cape Bank
—
—
Dublin Dev LLC
—
Deed Of Trust
related
$600,000 · Cape Bank
—
—
Dublin Dev LLC
—
Deed Of Trust
related
$125,000 · The Bank
—
—
Dublin Dev LLC
—
Deed Of Trust
related
$200,000 · The Bank
—
—
Dublin Dev LLC
—
Deed Of Trust
related
$600,000 · Cape 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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