Back to Search
Property profile & analytics
FOR LEASE
Commercial real estate
251 Bellevue Ave Hammonton, NJ 08037
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0109827
For Lease
1 / 2
$1,255,000
251 Bellevue Ave, Hammonton, NJ 08037
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1963
Construction
BRICK
Total area
13,258 SF
Lot
0.17 ac (7,349 SF)
APN
13 02814-0000-00004
UPID
US59-0109827
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.26M
Owner & transaction history
The State Of New Jersey · 1 yrs held
The State Of New Jersey
since 2024
Last sale
$8,000
7 recorded transactions
Zoning & alternative use
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 Hammonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hammonton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,720,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,675,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $8k (Oct 4 2024)
Last sale anchor
$8k
Oct 4 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
$95 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$26,783
Tax year 2023
Assessed value
$975,000
Assessed 2024
Previous assessed
$975,000
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$87,600
Assessed improvement
$887,400
Land market value
$87,600
Improvement market value
$887,400
Total market value
$975,000
Applied tax rate
13.0000
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
Year built
1963
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
13,258 SF
Lot
0.17 ac (7,349 SF)
APN
13 02814-0000-00004
UPID
US59-0109827
Jurisdiction
ATLANTIC
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1963
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
The State Of New Jersey
Individual
Mailing address
1035 PKWY AVE, EWING, NJ 08618-2309
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$8,000
The State Of New Jersey
Tunis Properties LLC
Deed
—
Mar 20, 2023
—
Tunis Properties LLC
—
Deed
related
$213,000 · Newfield National Bank
Jan 9, 2020
—
Tunis Properties LLC
—
Deed
related
$401,000 · Newfield National Bank
Jun 23, 2008
$915,000
Tunis Properties LLC
251 Bellevue LLC
Grant Deed
$650,000 · Cornerstone Bank
Nov 13, 2003
$600,000
251 Bellvue LLC
R W Properties INC
Grant Deed
$450,000 · Willow Grove Bank
—
—
Tunis Properties LLC
—
Deed Of Trust
related
$565,860 · Capital Bk/nj
—
—
Tunis Properties LLC
—
Deed Of Trust
related
$500,000 · Capital Bk/nj
—
—
Tunis Properties LLC
—
Deed Of Trust
related
$500,000 · Susquehanna Bank
—
—
Tunis Properties LLC
—
Deed Of Trust
related
$590,000 · Susquehanna Bank
—
—
Tunis Properties LLC
—
Deed Of Trust
related
$300,000 · Susquehanna 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
