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Property profile & analytics
OFF-MARKET
Estimated value
$5,720,000
Office buildings
3150 Rte 9th S Rio Grande, NJ 08242-1000
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-2018982
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
2,325 SF
Lot
13.55 ac (590,238 SF)
Zoning code
TC
APN
06 01436- 01-00006
UPID
US59-2018982
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
$5.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.72M
Owner & transaction history
Freeman,richard B Living Trust · 6 yrs held
Freeman,richard B Living Trust
since 2020
Last sale
$5.5M
6 recorded transactions
Zoning & alternative use
TC · Rio Grande, 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 Rio Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rio Grande 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
$5,965,000
ML approach
$5,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.72M
Range $5.15M – $6.29M · ±10% · vs last sale $5.51M (Jan 3 2020)
Last sale anchor
$5.51M
Jan 3 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
$2,460 / 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
$57,248
Tax year 2022
Assessed value
$2,820,100
Assessed 2023
Previous assessed
$2,820,100
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$972,100
Assessed improvement
$1,848,000
Land market value
$972,100
Improvement market value
$1,848,000
Total market value
$2,820,100
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Units
1
Total area
2,325 SF
Lot
13.55 ac (590,238 SF)
Zoning code
TC
APN
06 01436- 01-00006
UPID
US59-2018982
Jurisdiction
CAPE MAY
Zoning & alternative use
TC · Rio Grande, NJZoning TC · permitted uses
TC · Rio Grande, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Units
1
Lot
13.55 ac
Current owner
From public records · entity-resolved
Freeman,richard B Living Trust
Trust
Mailing address
221 COLDBROOK LN, SOQUEL, CA 95073-9725
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
$5,514,762
Freeman,richard B Living Trust
Rio Grande 9 LLC
Grant Deed
$2,965,000 · Bank Of The West
Aug 23, 2006
$825,000
Rio Grande 9 LLC
Vfr LLC
Grant Deed
related
$10,000,000 · Sovereign Bk
May 2, 2005
$862,500
Beazer Homes Corp
Grande Properties LLC
Grant Deed
—
May 18, 2004
$500,000
Vfr LLC
Monaghan,marguerite E
Grant Deed
$500,000 · Cape Svgs Bk
—
—
Rio Grande 9 LLC
—
Deed Of Trust
related
$1,175,962 · Sovereign Bank
—
—
Rio Grande 9 LLC
—
Deed Of Trust
related
$500,000 · Fulton Bk/nj
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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