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Property profile & analytics
OFF-MARKET
Commercial real estate
230 Woodbury Rd Pitman, NJ 08071-1226
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0611503
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
3,650 SF
Lot
0.68 ac (29,751 SF)
Zoning code
TRO
APN
15 00116-0000-00004
UPID
US59-0611503
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
-
SKBERRY Immigration Law Law Firm
-
Image Is Everything Studios, LLC Photography Service (Bike/Boat/Book/etc) Store
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
Johnanthony Cortese · 6 yrs held
Johnanthony Cortese
since 2020
Last sale
$287,500
6 recorded transactions
Zoning & alternative use
TRO · Pitman, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District R-2 Residence District R-3 Residence District R-H Historic Residential District C-1 Commercial District C-2 Commercial District P-1 Planned Industrial District TRC-1 Transitional Residential-Commercial District TRO Transitional Residential-Office District § 35-2.2 Zoning Map. [1967 Code § 15-2.2; Ord. No. 07-01 ; amended 5-13-2019 by Ord. No. 15-201…
Zone name
Transitional Residential Office
General category
MIXED_USE
Zone area
26.85 ac
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 Pitman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pitman 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
$10,363
Tax year 2022
Assessed value
$317,200
Assessed 2023
Previous assessed
$317,200
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$69,600
Assessed improvement
$247,600
Land market value
$69,600
Improvement market value
$247,600
Total market value
$317,200
Applied tax rate
15.0000
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
1900
Construction
FRAME
Heating
NONE
Stories
2
Total area
3,650 SF
Lot
0.68 ac (29,751 SF)
Zoning code
TRO
APN
15 00116-0000-00004
UPID
US59-0611503
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
TRO · Pitman, NJZoning TRO · permitted uses
TRO · Pitman, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District R-2 Residence District R-3 Residence District R-H Historic Residential District C-1 Commercial District C-2 Commercial District P-1 Planned Industrial District TRC-1 Transitional Residential-Commercial District TRO Transitional Residential-Office District § 35-2.2 Zoning Map. [1967 Code § 15-2.2; Ord. No. 07-01 ; amended 5-13-2019 by Ord. No. 15-2019 ] a. Adoption by Reference. The boundaries of districts shall be as shown on the
Zone name
Transitional Residential Office
General category
MIXED_USE
Zone area
26.85 ac
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Johnanthony Cortese
Individual
Mailing address
230 N WOODBURY RD, PITMAN, NJ 08071-1226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 14, 2020
$287,500
Johnanthony Cortese
Harry Armstrong
Grant Deed
$273,125 · Greentree Mtg
Jun 4, 2018
$118,993
Harry Armstrong
Deutsche Bk Nat 2006-fm2
Grant Deed
—
Nov 30, 2017
—
Deutsch Bank Trust Comapany
Phillip Drinkwater
Deed
—
May 10, 1995
$130,000
Philip F Drinkwater
Schneider,raymon
Grant Deed
—
—
—
Phillip F Drinkwater III
—
Deed Of Trust
related
$78,550 · Wells Fargo Bank
—
—
Phillip F Drinkwater III
—
Deed Of Trust
related
$256,000 · Fremont Mortgage
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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