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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Commercial real estate
28 Washington St Columbia, NJ 07832-2324
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0280050
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
1,256 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C
APN
13 00020-0000-00008
UPID
US59-0280050
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
-
Clover Rest Home Nursing Home
-
Genesis HCC Health
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Columbia Care Center Realty LLC · 5 yrs held
Columbia Care Center Realty LLC
since 2020
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
C · Columbia, 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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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
$1,005,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $825k (Nov 24 2020)
Last sale anchor
$825k
Nov 24 2020
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
$721 / 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
$14,856
Tax year 2022
Assessed value
$392,900
Assessed 2023
Previous assessed
$392,900
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$32,200
Assessed improvement
$360,700
Land market value
$32,200
Improvement market value
$360,700
Total market value
$392,900
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
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
1900
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
1,256 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C
APN
13 00020-0000-00008
UPID
US59-0280050
Jurisdiction
WARREN
Zoning & alternative use
C · Columbia, NJ
Zoning C · permitted uses
C · Columbia, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Columbia Care Center Realty LLC
Entity
Mailing address
2914 AVE L L, BROOKLYN, NY 11210-4639
Ownership since
2020
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
Jan 18, 2022
—
Columbia Care Center Realty LLC
—
Deed
related
$3,735,000 · Celtic Bank Corporation
Nov 24, 2020
$825,000
Columbia Care Center Realty LLC
Tag Senior Care Realty LLC
Grant Deed
—
Nov 24, 2020
—
Lighthouse Clover LLC
—
Deed
related
$3,735,000 · Celtic Bk
Dec 19, 2012
$500,000
Tag Senior Care Realty LLC
Robbins Management LLC
Grant Deed
—
Jun 10, 2010
$500,000
Tag Senior Care Realty LLC
Robbins Management LLC
Grant Deed
—
Aug 2, 1999
$76,000
Robbins Management LLC
Robbins,jean L
Grant Deed
related
—
Aug 24, 1998
—
Arthur W B Robbins
Ruth Mcclement Estate
Grant Deed
related
—
—
—
Tag Senior Care Realty LLC
—
Deed Of Trust
related
$1,033,000 · Capitalsource Bank
—
—
Tag Senior Care Realty LLC
—
Deed Of Trust
related
$1,050,000 · J P Morgan Chase Bank
—
—
Lighthouse Clover LLC
—
Deed Of Trust
related
$3,735,000 · Celtic 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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