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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Commercial real estate
323 Pitney Rd Galloway, NJ 08205-9632
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US59-1600390
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Construction
TYPE NOT SPECIFIED
Lot
4.57 ac (199,069 SF)
Zoning code
CVC
APN
11 00985-0000-00004- 02
UPID
US59-1600390
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
-
R3 SPORTS RECOVERY Alternative Medicine Practice Spa & Massage Center
-
Yung’ster joos Specialty Food Shop (Bike/Boat/Book/etc) Store
-
TAN STUDIO South Jersey Tanning Salon
-
Rebel Permanent Makeup Medical Clinic Skin Care Clinic
-
Strive Physical Therapy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Faqiang Properties LLC · 21 yrs held
Faqiang Properties LLC
since 2004
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
CVC · Galloway, 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 Galloway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Galloway 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$96,330
Tax year 2022
Assessed value
$3,000,000
Assessed 2023
Previous assessed
$3,000,000
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$517,600
Assessed improvement
$2,482,400
Land market value
$517,600
Improvement market value
$2,482,400
Total market value
$3,000,000
Applied tax rate
11.0000
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Lot
4.57 ac (199,069 SF)
Zoning code
CVC
APN
11 00985-0000-00004- 02
UPID
US59-1600390
Jurisdiction
ATLANTIC
Zoning & alternative use
CVC · Galloway, NJ
Zoning CVC · permitted uses
CVC · Galloway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Galloway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Lot
4.57 ac
Current owner
From public records · entity-resolved
Faqiang Properties LLC
Entity
Mailing address
PO BOX 229, NORTHFIELD, NJ 08225-0229
Ownership since
2004
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
Dec 28, 2007
—
Tilton Vista LLC
—
Trustees Deed
related
$1,500,000 · Cape Savings Bank
Mar 15, 2007
—
Tilton Vista LLC
—
Trustees Deed
related
$498,865 · Cape Savings Bank
Sep 24, 2004
$1
Faqiang Properties LLC
Faqiang Properties LLC
Grant Deed
related
—
—
—
Tilton Vista LLC
—
Deed Of Trust
related
$179,299 · Cape Bank
—
—
Tilton Vista LLC
—
Deed Of Trust
related
$8,100,000 · Cape 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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