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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Commercial real estate
31 Fairview Rd Medford, NJ 08055-9169
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0621846
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Construction
CONCRETE BLOCKS
Total area
10,731 SF
Lot
1.8 ac (78,408 SF)
Zoning code
GD
APN
20 03202- 23-00001
UPID
US59-0621846
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
-
Enhanced Automotive Systems Tech Auto Repair Shop
-
The ARTery Studio Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$925k
Owner & transaction history
The Firehouse Building LLC · 3 yrs held
The Firehouse Building LLC
since 2023
Last sale
$825,000
1 recorded transaction
Zoning & alternative use
GD · Medford, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
GMS Growth Management Area South; GD Growth District. [ Ord. No. 1992-1 § 2; Ord. No. 2001-26 § 4; Ord. No. 2001-29 § 1; Ord. No. 2007-19 ; Ord. No. 2007-33 § 1; amended 3-5-2013 by Ord. No. 2013-1 ; 4-1-2025 by Ord. No. 2025-7 ] A. Principal Permitted Uses on the Land and in Buildings. 1. Single-Family Detached Dwelling Units with on-site septic or public s…
Zone name
Growth District
General category
UNKNOWN
Zone area
2,652.74 ac
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 Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford 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
$960,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,405,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,370,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $825k (Jun 9 2023)
Last sale anchor
$825k
Jun 9 2023
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
$86 / 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
$10,888
Tax year 2022
Assessed value
$335,000
Assessed 2023
Previous assessed
$335,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$132,300
Assessed improvement
$202,700
Land market value
$132,300
Improvement market value
$202,700
Total market value
$335,000
Applied tax rate
20.0000
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
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
10,731 SF
Lot
1.8 ac (78,408 SF)
Zoning code
GD
APN
20 03202- 23-00001
UPID
US59-0621846
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
GD · Medford, NJZoning GD · permitted uses
GD · Medford, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
GMS Growth Management Area South; GD Growth District. [ Ord. No. 1992-1 § 2; Ord. No. 2001-26 § 4; Ord. No. 2001-29 § 1; Ord. No. 2007-19 ; Ord. No. 2007-33 § 1; amended 3-5-2013 by Ord. No. 2013-1 ; 4-1-2025 by Ord. No. 2025-7 ] A. Principal Permitted Uses on the Land and in Buildings. 1. Single-Family Detached Dwelling Units with on-site septic or public sewer. 2. Patio Homes with public sewer and water. 3. Townhouses with public sewer and water (see § 504 for general design standards). 4.
Zone name
Growth District
General category
UNKNOWN
Zone area
2,652.74 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
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
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
The Firehouse Building LLC
Entity
Mailing address
139 COWPATH RD, MEDFORD, NJ 08055-8480
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
$825,000
The Firehouse Building LLC
East Automotive Technical Institute
Deed
$618,750 · Fulton Bank NA
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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