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Property profile & analytics
FOR SALE
Office buildings
2307 New Rd Northfield, NJ 08225
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1912797
For Sale
1 / 27
$399,900
2307 New Rd, Northfield, NJ 08225
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
CONCRETE BLOCKS
Lot
0.22 ac (9,435 SF)
Zoning code
O-P
APN
18 00029-0000-00005
UPID
US59-1912797
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
2307 New Road LLC · 2 yrs held
2307 New Road LLC
since 2023
5 recorded transactions
Zoning & alternative use
O-P · Northfield, 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 Northfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northfield 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
$13,968
Tax year 2022
Assessed value
$400,000
Assessed 2023
Previous assessed
$400,000
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$188,200
Assessed improvement
$211,800
Land market value
$188,200
Improvement market value
$211,800
Total market value
$400,000
Applied tax rate
18.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
0.22 ac (9,435 SF)
Zoning code
O-P
APN
18 00029-0000-00005
UPID
US59-1912797
Jurisdiction
ATLANTIC
Zoning & alternative use
O-P · Northfield, NJ
Zoning O-P · permitted uses
O-P · Northfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
2307 New Road LLC
Entity
Mailing address
1700 REVERE BLVD, BRIGANTINE, NJ 08203-2055
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
—
2307 New Road LLC
—
Deed
related
$500,000 · Oceanfirst Bank
Dec 29, 2023
—
2307 New Road LLC
B And B Realty Company
Deed
—
Mar 28, 2023
—
B & B Reality
—
Deed
related
$500,000 · Oceanfirst Bank
Sep 1, 1999
—
B & B Realty Co
Shepherd Circle Partnership
Grant Deed
related
—
—
—
B & B Realty Co
—
Deed Of Trust
related
$220,000 · Ocean City Home 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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