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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Industrial properties
2877 Elwood Rd, Mays Landing, NJ 08330
Entity Owned
8-yr Hold
Free & Clear
Property ID
US59-1099421
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Construction
BRICK
Total area
30,935 SF
Lot
104.73 ac (4,562,039 SF)
Zoning code
FA70
APN
12 00237-0000-00001
UPID
US59-1099421
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
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.11M
Owner & transaction history
Edgar Property LLC · 8 yrs held
Edgar Property LLC
since 2018
5 recorded transactions
Zoning & alternative use
FA70 · Mays Landing, 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 Mays Landing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mays Landing 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
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10%
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
$36 / 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
$15,227
Tax year 2022
Assessed value
$472,000
Assessed 2023
Previous assessed
$472,000
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$122,000
Assessed improvement
$350,000
Land market value
$122,000
Improvement market value
$350,000
Total market value
$472,000
Applied tax rate
12.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1956
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
30,935 SF
Lot
104.73 ac (4,562,039 SF)
Zoning code
FA70
APN
12 00237-0000-00001
UPID
US59-1099421
Jurisdiction
ATLANTIC
Zoning & alternative use
FA70 · Mays Landing, NJ
Zoning FA70 · permitted uses
FA70 · Mays Landing, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mays Landing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
104.73 ac
Current owner
From public records · entity-resolved
Edgar Property LLC
Entity
Free & Clear · 8 yrs held
Mailing address
310 SHERMAN AVE, NEWARK, NJ 07114-1523
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2018
$175,500
Edgar Property LLC
Bayview Ln Svcg
Grant Deed
—
Jun 12, 2017
$1,000
Bayview Ln Svcg LLC
Sheriff Of Atlantic County
Trustees Deed
related
—
—
—
Scholler Brothers INC
—
Deed Of Trust
related
$100,000 · Commerce Bank NA
—
—
Scholler INC
—
Deed Of Trust
related
$600,000 · Bayview Fin'l Trading Group
—
—
Scholler INC
—
Deed Of Trust
related
$520,000 · Karl V SR Schmalz
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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