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Property profile & analytics
OFF-MARKET
Estimated value
$4,960,000
Commercial real estate
350 8th St Ship Bottom, NJ 08008-4605
Entity Owned
19-yr Hold
Free & Clear
Property ID
US59-1627745
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1967
Construction
CONCRETE BLOCKS
Total area
18,880 SF
Lot
1.93 ac (84,200 SF)
Zoning code
GC
APN
29 00103-0000-00006
UPID
US59-1627745
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.36M
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$4.96M
Owner & transaction history
Baldwin Residence LLC · 19 yrs held
Baldwin Residence LLC
since 2006
7 recorded transactions
Zoning & alternative use
GC · Ship Bottom, 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 Ship Bottom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ship Bottom 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,635,000
6.5%
$3,355,000
7%
$3,115,000
Blend value · Realmo final
$4.96M
Range $4.46M – $5.46M · ±10%
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
$263 / 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
$182,970
Tax year 2022
Assessed value
$17,277,600
Assessed 2023
Previous assessed
$17,277,600
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,523,800
Assessed improvement
$15,753,800
Land market value
$1,523,800
Improvement market value
$15,753,800
Total market value
$17,277,600
Applied tax rate
29.0000
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
1967
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
1
Total area
18,880 SF
Lot
1.93 ac (84,200 SF)
Zoning code
GC
APN
29 00103-0000-00006
UPID
US59-1627745
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GC · Ship Bottom, NJ
Zoning GC · permitted uses
GC · Ship Bottom, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ship Bottom. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Baldwin Residence LLC
Entity
Free & Clear · 19 yrs held
Mailing address
4569 S BROAD ST, HAMILTON, NJ 08620-2203
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2006
$2,350,000
Baldwin Residence LLC
Tara Ents Of Lbi LLC
Grant Deed
—
Feb 28, 2003
$2,950,000
Tara Enterprises Of Lbi LLC
Vacation Enterprises
Grant Deed
$2,500,000 · Vacation Enterprises
—
—
Baldwin Residence LLC
—
Deed Of Trust
related
$4,480,000 · Yardville National Bank
—
—
Baldwin Residence LLC
—
Deed Of Trust
related
$1,800,000 · Fulton Bk/nj
—
—
Tara Ents Of Lbi LLC
—
Deed Of Trust
related
$350,000 · Sun National Bank
—
—
Tara Ents Of Lbi LLC
—
Deed Of Trust
related
$150,000 · Sun National Bank
—
—
Tara Ents Of Lbi LLC
—
Deed Of Trust
related
$250,000 · Sun National 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.
Try Rey
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