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Property profile & analytics
OFF-MARKET
Estimated value
$7,085,000
Gas stations
35 Rte 15 Lafayette, NJ 07848
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1852819
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
2008
Lot
3.79 ac (165,049 SF)
Zoning code
HC
APN
13 00009-0000-00025
UPID
US59-1852819
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
$6.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.09M
Owner & transaction history
Mdc Coast 23 LLC · 4 yrs held
Mdc Coast 23 LLC
since 2021
Last sale
$8.4M
5 recorded transactions
Zoning & alternative use
HC · Lafayette, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
HC HIGHWAY COMMERCIAL DISTRICT. § 13-12.1 Principal Uses and Buildings Permitted. [ Ord. No. 2012-06 § 13-12.1] Principal uses permitted in the VC Zone. Retail sales establishments, retail sales establishments neighborhood, retail sales convenience or retail service establishments provided that: Any goods or products fabricated or processed incidental to suc…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
245.91 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 Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette 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
$5,030,000
ML approach
$6,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.09M
Range $6.38M – $7.79M · ±10% · vs last sale $8.39M (Aug 17 2021)
Last sale anchor
$8.39M
Aug 17 2021
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
$62,392
Tax year 2022
Assessed value
$2,200,000
Assessed 2023
Previous assessed
$2,200,000
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$1,894,500
Assessed improvement
$305,500
Land market value
$1,894,500
Improvement market value
$305,500
Total market value
$2,200,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Lot
3.79 ac (165,049 SF)
Zoning code
HC
APN
13 00009-0000-00025
UPID
US59-1852819
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Lafayette, NJZoning HC · permitted uses
HC · Lafayette, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
HC HIGHWAY COMMERCIAL DISTRICT. § 13-12.1 Principal Uses and Buildings Permitted. [ Ord. No. 2012-06 § 13-12.1] Principal uses permitted in the VC Zone. Retail sales establishments, retail sales establishments neighborhood, retail sales convenience or retail service establishments provided that: Any goods or products fabricated or processed incidental to such use shall be sold at retail on the premises. Such fabricating or processing shall be confined within the building and no supplies, materials or goods used in such fabrication shall be stored outdoors. Restaurants. Restaurants, fast food. Mortuary or funeral homes. Theaters, auditoriums and other places of public assemblage. Sports and health centers. Public open space. Motor vehicle service station
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
245.91 ac
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
3.79 ac
Current owner
From public records · entity-resolved
Mdc Coast 23 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3 OLD HWY 28, WHITEHOUSE STATION, NJ 08889-3608
Ownership since
2021
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
Aug 17, 2021
$8,394,000
Mdc Coast 23 LLC
Durling Realty LLC
Deed
—
May 15, 2008
$2,000,000
Durling Realty LLC
Scerbo Corp
Grant Deed
$4,640,000 · Commerce Bank North
Mar 8, 2006
$100
Scerbo Holding Co INC
Tmb Partners
Grant Deed
related
—
Sep 17, 1990
$355,000
Tmb,
Unknown
Grant Deed
—
—
—
Durling Realty LLC
—
Loan Modification
related
$4,640,000 · Td Bk 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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