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Property profile & analytics
FOR LEASE
Commercial real estate
240 Mathistown Rd, Little Egg Harbor, NJ 08087
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0012781
For Lease
1 / 13
$700/Mo
240 Mathistown Rd, Little Egg Harbor, NJ 08087
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
21,416 SF
Lot
2.76 ac (120,095 SF)
Zoning code
GB
APN
17 00284-0000-00011- 01
UPID
US59-0012781
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
-
Pinelands Brazilian Jiu-Jitsu Training Center Sports School
-
Salon Do Or Dye Hair Salon
-
Gandhi Dhiren MD Pediatrician Physician
-
Beach Acupuncture Medical Clinic Alternative Medicine Practice
-
Limitless Garage Door Repair Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.34M
CAP Approach
CAP
$3.81M
Comparable Approach
Comparable
$3.69M
Blend (final)
Blend
$3.31M
Owner & transaction history
Bcgm Development LLC · 3 yrs held
Bcgm Development LLC
since 2022
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
GB · Little Egg Harbor Twp, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.1M
+17.8%
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 Little Egg Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Egg Harbor 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
$3,335,000
ML approach
$3,335,000
CAP Approach
CAP Return
Estimation
6%
$4,125,000
6.5%
$3,805,000
7%
$3,535,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,320,000
Current use
OFFICE BUILDING
$5,090,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±10% · vs last sale $3.10M (Dec 9 2022)
Last sale anchor
$3.10M
Dec 9 2022
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
$155 / 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
$73,838
Tax year 2022
Assessed value
$2,685,000
Assessed 2023
Previous assessed
$2,685,000
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$759,000
Assessed improvement
$1,926,000
Land market value
$759,000
Improvement market value
$1,926,000
Total market value
$2,685,000
Applied tax rate
17.0000
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
For Lease
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Total area
21,416 SF
Lot
2.76 ac (120,095 SF)
Zoning code
GB
APN
17 00284-0000-00011- 01
UPID
US59-0012781
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GB · Little Egg Harbor Twp, NJ
Zoning GB · permitted uses
GB · Little Egg Harbor Twp, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Little Egg Harbor Twp. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
OFFICE BUILDING
Est. value
$5.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Bcgm Development LLC
Entity
Mailing address
2420 ARTHUR KILL RD, STATEN ISLAND, NY 10309-1212
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
$3,100,000
Bcgm Development LLC
Choudhry Brothers Properties LLC
Deed
$1,300,000 · Northfield Bank
Dec 16, 2008
$3,825,000
Choudhry Brothers Props LLC
Ls James Properties LLC
Grant Deed
$3,600,000 · Peapack Gladstone Bank
Jun 5, 2006
—
Ls James Properties LLC
—
Trustees Deed
related
$2,112,000 · Kearny Fsb
Mar 7, 2005
—
Ls James Properties LLC
James,lance
Quit Claim Deed
$2,112,000 · Kearny Fsb
Mar 12, 2004
$650,000
Lance James
Mjr Associates LLC
Grant Deed
$500,000 · Mjr Associates INC
Mar 12, 2004
—
Mjr Associates LLC
Lighthouse Dev Co INC
Grant Deed
related
—
Jun 1, 2001
—
Ocean County (nj)
Lighthouse Development Corp
Grant Deed
related
—
—
—
Ls James Properties LLC
—
Deed Of Trust
related
$3,100,000 · Kearny Fsb
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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