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Property profile & analytics
OFF-MARKET
Estimated value
$5,650,000
Office buildings
242 Delsea Dr Sewell, NJ 08080-9469
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-2613887
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
16.36 ac (712,642 SF)
Zoning code
CI
APN
18 00017-0000-00003- 02
UPID
US59-2613887
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
-
Joe's warehouse Warehouse & Storage
-
hunter Hunting Preserve
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.65M
Owner & transaction history
Vv242 LLC · 1 yrs held
Vv242 LLC
since 2024
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
CI · Sewell, 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 Sewell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sewell 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
$5,650,000
ML approach
$5,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.65M
Range $5.09M – $6.22M · ±10% · vs last sale $5.65M (Sep 6 2024)
Last sale anchor
$5.65M
Sep 6 2024
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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$100,876
Tax year 2023
Assessed value
$2,806,000
Assessed 2024
Previous assessed
$2,806,000
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$968,000
Assessed improvement
$1,838,000
Land market value
$968,000
Improvement market value
$1,838,000
Total market value
$2,806,000
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
Off-Market
Heating
NONE
Lot
16.36 ac (712,642 SF)
Zoning code
CI
APN
18 00017-0000-00003- 02
UPID
US59-2613887
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
CI · Sewell, NJZoning CI · permitted uses
CI · Sewell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
16.36 ac
Current owner
From public records · entity-resolved
Vv242 LLC
Entity
Mailing address
1 BELMONT AVE STE #520, BALA CYNWYD, PA 19004-1608
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$5,650,000
Vv242 LLC
Kangaroo Associates LLC
Quit Claim Arm's Length For Ne States
$5,350,000 · Fulton Bank NA
Aug 27, 2024
$5,650,000
Vv242 LLC
Kangaroo Associates LLC
Bargain And Sale Deed
—
Jan 12, 2004
$1,200,000
Kangaroo Associates LLC
Precision Specialties INC
Grant Deed
$1,080,000 · Sovereign Bank
—
—
Kangaroo Associates LLC
—
Deed Of Trust
related
$3,000,000 · Gloucester County Fsb
—
—
Kangaroo Associates LLC
—
Deed Of Trust
related
$200,000 · Gcf Bank
—
—
Kangaroo Associates LLC
—
Deed Of Trust
related
$200,000 · Gcf Bank
—
—
Kangaroo Associates LLC
—
Deed Of Trust
related
$2,840,952 · Gcf 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.
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