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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Commercial real estate
2434 White Horse Pike 2440 Lindenwold, NJ 08021-2652
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2163601
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Total area
11,314 SF
Lot
2.18 ac (94,961 SF)
Zoning code
OP
APN
22 00300-0000-00004- 03
UPID
US59-2163601
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.62M
Owner & transaction history
The Villas At Lake Worth LLC · 4 yrs held
The Villas At Lake Worth LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
OP · Lindenwold, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.9M
+99.8%
Office building
$1.1M
+11.6%
Industrial (general)
$995,000
+4.1%
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 Lindenwold submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lindenwold 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
$1,325,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,820,000
7%
$1,690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,905,000
Change: +100% · Conversion: Moderate
OFFICE BUILDING
$1,065,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$995,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.90M (Jan 7 2022)
Last sale anchor
$1.90M
Jan 7 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
$143 / 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
$39,383
Tax year 2022
Assessed value
$1,500,700
Assessed 2023
Previous assessed
$1,500,700
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$381,500
Assessed improvement
$1,119,200
Land market value
$381,500
Improvement market value
$1,119,200
Total market value
$1,500,700
Applied tax rate
22.0000
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
Year built
1940
Heating
NONE
Units
13
Total area
11,314 SF
Lot
2.18 ac (94,961 SF)
Zoning code
OP
APN
22 00300-0000-00004- 03
UPID
US59-2163601
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP · Lindenwold, NJZoning OP · permitted uses
OP · Lindenwold, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$995,000
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
Year built
1940
Heating
NONE
Units
13
Lot
2.18 ac
Current owner
From public records · entity-resolved
The Villas At Lake Worth LLC
Entity
Mailing address
207 1ST ST APT #416, LAKEWOOD, NJ 08701-3368
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
$1,900,000
The Villas At Lake Worth LLC
Lake Worth Villas LLC
Bargain And Sale Deed
$1,425,000 · Lakeland Bank
Sep 9, 2020
—
Lake Worth Villas LLC
Depetro R/e Org LLC
Grant Deed
—
Aug 5, 2020
$225,000
Depetro R & E Org LLC
Lam & Associates III LLC
Grant Deed
—
Jan 3, 2013
$1,300,000
Lam & Associates III LLC
Lake Worth LLC
Grant Deed
$975,000 · Harvest Community Bank
Jan 8, 2008
$540,000
Lake Worth LLC
Haines Corp
Grant Deed
$440,000 · Haines Corp
Jan 8, 2008
—
Haines Corp
Haines Corp
Quit Claim Deed
related
—
Mar 28, 2005
$1,000,000
County Of Camden
Haines Corp
Grant Deed
—
—
—
Lake Worth LLC
—
Deed Of Trust
related
$750,000 · First Bank
—
—
Lake Worth LLC
—
Deed Of Trust
related
$150,000 · First 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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