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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Commercial real estate
318 Glassboro Rd, Woodbury Heights, NJ 08097-1009
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2041846
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Lot
3.44 ac (150,000 SF)
Zoning code
HC
APN
23 00112-0000-00005
UPID
US59-2041846
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
$2.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.32M
Owner & transaction history
Mhc 281 Woodhury Heights Nj LLC · 2 yrs held
Mhc 281 Woodhury Heights Nj LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
HC · Woodbury Heights, 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 Woodbury Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbury Heights 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
$2,315,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±10% · vs last sale $2.32M (Apr 15 2024)
Last sale anchor
$2.32M
Apr 15 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
—
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
$44,660
Tax year 2022
Assessed value
$950,000
Assessed 2023
Previous assessed
$950,000
+0.0% YoY
Effective rate
4.70%
On assessed value
Assessed land
$498,500
Assessed improvement
$451,500
Land market value
$498,500
Improvement market value
$451,500
Total market value
$950,000
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2006
Heating
NONE
Lot
3.44 ac (150,000 SF)
Zoning code
HC
APN
23 00112-0000-00005
UPID
US59-2041846
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
HC · Woodbury Heights, NJ
Zoning HC · permitted uses
HC · Woodbury Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodbury Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Lot
3.44 ac
Current owner
From public records · entity-resolved
Mhc 281 Woodhury Heights Nj LLC
Entity
Mailing address
41 FLATBUSH AVE5A, BROOKLYN, NY 11217-1160
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
$2,316,000
Mhc 281 Woodhury Heights Nj LLC
Steves Storage Shacks LLC
Deed
$5,280,000 · Extra Space Storage LP
Jul 5, 2011
—
Steves Storage Shacks LLC
—
Trustees Deed
related
$60,000 · Bryan Malcolm
Mar 3, 2008
—
Steves Storage Shacks LLC
—
Trustees Deed
related
$623,820 · Stephen M Harbaugh
Apr 30, 2007
—
Steves Storage Shack LLC
Harbaugh,stephen M
Grant Deed
$1,150,000 · The Bank
Apr 7, 2005
$175,000
Stephen M Harbaugh
Sickel,robert E & Margaret A
Grant Deed
$112,000 · Robert Knee
—
—
Stephen Harbaugh
—
Deed Of Trust
related
$980,000 · The Bank
—
—
Steves Storage Shack LLC
—
Deed Of Trust
related
$1,700,000 · Matthew Ricketts
—
—
Ten Seven Investments LLC
—
Deed Of Trust
related
$1,700,000
—
—
Steves Storage Shacks LLC
—
Deed Of Trust
related
$150,000 · The Bank
—
—
Stephen M Harbaugh
—
Deed Of Trust
related
$773,032 · The Bank
—
—
Steves Storage Shacks LLC
—
Deed Of Trust
related
$950,000 · Capital Bk/nj
—
—
Steves Storage Shacks LLC
—
Deed Of Trust
related
$1,360,000 · The 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.
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