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Property profile & analytics
OFF-MARKET
Commercial real estate
2323 New Rd Northfield, NJ 08225-1410
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US59-2944551
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Lot
0.68 ac (29,799 SF)
Zoning code
C-B
APN
18 00027-0000-00022- 01
UPID
US59-2944551
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
-
Garden State Academy Northfield High School Daycare Center
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
Nikmehr Properties LLC · 18 yrs held
Nikmehr Properties LLC
since 2008
7 recorded transactions
Zoning & alternative use
C-B · 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
$11,349
Tax year 2022
Assessed value
$925,000
Assessed 2023
Previous assessed
$925,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$325,000
Assessed improvement
$600,000
Land market value
$325,000
Improvement market value
$600,000
Total market value
$925,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.68 ac (29,799 SF)
Zoning code
C-B
APN
18 00027-0000-00022- 01
UPID
US59-2944551
Jurisdiction
ATLANTIC
Zoning & alternative use
C-B · Northfield, NJ
Zoning C-B · permitted uses
C-B · 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
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Nikmehr Properties LLC
Entity
Mailing address
300 CENTRAL AVE, EGG HARBOR TOWNSHIP, NJ 08234-8327
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
—
Nikmehr Properties LLC
—
Deed
related
$67,680 · Newfield National Bank
Dec 2, 2021
—
Nikmehr Properties LLC
—
Deed
related
$247,225 · Newfield National Bank
Jul 19, 2018
—
Nikmehr Properties LLC
—
Deed
related
$100,000 · First Nat'l Bk/absecon
Feb 5, 2018
—
Nikmehr Properties LLC
—
Deed
related
$500,000 · First Nat'l Bk/absecon
Oct 26, 2017
—
Nikmehr Properties LLC
—
Deed
related
$89,937 · First National Bank Of Abilene
Jun 23, 2017
—
Nikmehr Properties LLC
—
Deed
related
$500,000 · First Nat'l Bk/absecon
Dec 1, 2016
—
Nikmehr Properties LLC
—
Deed
related
$500,000 · First Nat'l Bk/absecon
Jan 29, 2008
$595,000
Nikmehr Properties LLC
Atlantic City Cntry Club 1 LLC
Grant Deed
—
Mar 21, 2007
$800,000
Atlantic City Country Club 1 L
2323 New Road Realty LLC
Grant Deed
—
Feb 14, 2006
$900,000
2323 New Road Realty LLC
Carol Sutor
Deed
$1,400,000 · Commerce Bank
Jul 3, 2002
—
Carol Sutor
Sutor,joseph & Carol
Quit Claim Deed
related
$707,124 · Equity One INC
—
—
Nikmehr Properties LLC
—
Deed Of Trust
related
$500,000 · First Nat'l Bk/absecon
—
—
Nikmehr Properties LLC
—
Loan Modification
related
$500,000 · First Nat'l Bk/absecon
—
—
Nikmehr Properties LLC
—
Loan Modification
related
$500,000 · First Nat'l Bk/absecon
—
—
Nikmehr Properties LLC
—
Loan Modification
related
$500,000 · First Nat'l Bk/absecon
—
—
Nikmehr Properties LLC
—
Loan Modification
related
$100,000 · First Nat'l Bk/absecon
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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