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Property profile & analytics
OFF-MARKET
Residential income homes
238 Academy St Trenton, NJ 08618-3976
Entity Owned
8-yr Hold
Property ID
US59-2941587
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Construction
BRICK
Total area
2,879 SF
Lot
0.09 ac (4,050 SF)
Zoning code
HIST
APN
11 07202-0000-00010
UPID
US59-2941587
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
-
One stop shop Interior Design Auto Repair Shop
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
Academy Holdings LLC · 8 yrs held
Academy Holdings LLC
since 2018
6 recorded transactions
Zoning & alternative use
HIST · Trenton, 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 Trenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trenton 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
$7,914
Tax year 2022
Assessed value
$145,000
Assessed 2023
Previous assessed
$145,000
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$100,000
Assessed improvement
$45,000
Land market value
$100,000
Improvement market value
$45,000
Total market value
$145,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
NONE
Stories
3
Units
5
Total area
2,879 SF
Lot
0.09 ac (4,050 SF)
Zoning code
HIST
APN
11 07202-0000-00010
UPID
US59-2941587
Jurisdiction
MERCER
Zoning & alternative use
HIST · Trenton, NJ
Zoning HIST · permitted uses
HIST · Trenton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Trenton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
NONE
Stories
3
Units
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Academy Holdings LLC
Entity
Mailing address
4170 US HWY 9TH UNIT #511, HOWELL, NJ 07731-8021
Ownership since
2018
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
Jul 3, 2018
$120,000
Academy Holdings LLC
Efis Properties LLC
Grant Deed
—
Nov 15, 2017
$309,000
Rafael D Gonzales
Clearview Equities LLC
Grant Deed
$303,403 · Nations Mtg
Nov 3, 2017
—
Efis Properties LLC
Clearview Equities LLC
Grant Deed
—
Jun 22, 2016
—
Clearview Equities LLC
Sheriff Of Mercer County|myg Management LLC
Trustees Deed
related
—
Feb 16, 2006
$1
Myg Management LLC
Liberty Properties 2001 LLC
Grant Deed
related
—
Jun 24, 2004
$152,500
Liberty Properties 2001 LLC
Catalyst Property Affiliates L
Grant Deed
$190,750 · Jl Funding
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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