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Property profile & analytics
OFF-MARKET
Commercial real estate
2408 High St, Port Norris, NJ 08349-3239
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-3123765
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Total area
3,371 SF
Lot
3.73 ac (162,627 SF)
Zoning code
VR3
APN
02 00242-0000-00005
UPID
US59-3123765
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
-
Holly Manor Boarding Home Nursing Home
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
Elitelinx Properties LLC · 1 yrs held
Elitelinx Properties LLC
since 2024
4 recorded transactions
Zoning & alternative use
VR3 · Port Norris, 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 Port Norris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Norris 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
$8,754
Tax year 2022
Assessed value
$307,800
Assessed 2023
Previous assessed
$307,800
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$100,000
Assessed improvement
$207,800
Land market value
$100,000
Improvement market value
$207,800
Total market value
$307,800
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1930
Heating
NONE
Stories
3
Total area
3,371 SF
Lot
3.73 ac (162,627 SF)
Zoning code
VR3
APN
02 00242-0000-00005
UPID
US59-3123765
Jurisdiction
CUMBERLAND
Zoning & alternative use
VR3 · Port Norris, NJ
Zoning VR3 · permitted uses
VR3 · Port Norris, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Norris. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
3
Lot
3.73 ac
Current owner
From public records · entity-resolved
Elitelinx Properties LLC
Entity
Mailing address
2408 HIGH ST, PORT NORRIS, NJ 08349-3239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
$400,000
Elitelinx Properties LLC
Monroe Capital Partners LLC
Deed
—
Dec 6, 2017
—
Monroe Capital Partners LLC
—
Grant Deed
related
$3,600,000 · Savoy Bk
Apr 7, 2017
—
Monroe Capital Partners LLC
Emily Realty LLC
Deed
$3,420,000 · Savoy Bank
Feb 1, 2005
$300,000
Emily Realty LLC
Johnson,wayne E & Joan C
Grant Deed
$375,000 · Shore Cmnty Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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