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Property profile & analytics
OFF-MARKET
Estimated value
$5,870,000
Residential income homes
37 Main Rd Hammonton, NJ 08037-2916
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-3191995
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1986
Construction
BRICK
Total area
2,222 SF
Lot
7.2 ac (313,632 SF)
APN
13 04801-0000-00006
UPID
US59-3191995
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
$6.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.87M
Owner & transaction history
Main Rd Apartments LLC · 3 yrs held
Main Rd Apartments LLC
since 2022
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
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 Hammonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hammonton 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
$6,540,000
ML approach
$6,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.87M
Range $5.28M – $6.46M · ±10% · vs last sale $5.43M (Nov 17 2022)
Last sale anchor
$5.43M
Nov 17 2022
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
$2,642 / 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
$128,240
Tax year 2022
Assessed value
$4,709,500
Assessed 2023
Previous assessed
$4,709,500
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$779,000
Assessed improvement
$3,930,500
Land market value
$779,000
Improvement market value
$3,930,500
Total market value
$4,709,500
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
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1986
Construction
BRICK
Heating
NONE
Stories
1
Units
3
Total area
2,222 SF
Lot
7.2 ac (313,632 SF)
APN
13 04801-0000-00006
UPID
US59-3191995
Jurisdiction
ATLANTIC
Zoning & alternative use
Zoning · permitted uses
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
1986
Construction
BRICK
Heating
NONE
Stories
1
Units
3
Lot
7.2 ac
Current owner
From public records · entity-resolved
Main Rd Apartments LLC
Entity
Mailing address
250 OCEAN AVE, LAKEWOOD, NJ 08701-3549
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
$5,427,325
Main Rd Apartments LLC
Sorrento Realty LLC
Deed
$7,050,000 · Kearny Bank
Nov 14, 2018
$800,000
Sorrento Realty LLC
Mmg Real Estate Holdings LLC
Grant Deed
—
Apr 11, 2005
$325,000
Mmg Real Estate Holdings LLC
Cresenzo,joseph & Rosemary
Grant Deed
—
—
—
Joseph Crescenzo
—
Deed Of Trust
related
$71,000 · Wachovia Bank NA
—
—
Joseph Crescenzo
—
Deed Of Trust
related
$30,000 · Fleet Bank Of New York
—
—
Joseph Crescenzo
—
Deed Of Trust
related
$78,000 · First Mutual Corp
—
—
Joseph Crescenzo
—
Deed Of Trust
related
$75,500 · Fleet National Bank
—
—
Joseph W Crescenzo
—
Deed Of Trust
related
$190,000 · Sun National Bank
—
—
John C Shute
—
Deed Of Trust
related
$345,780 · Wachovia Bank 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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