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Property profile & analytics
OFF-MARKET
Commercial real estate
373 Rte 54 Buena, NJ 08310-1637
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-3162574
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1949
Total area
4,146 SF
Lot
1.14 ac (49,658 SF)
Zoning code
RDR1
APN
05 03603-0000-00013
UPID
US59-3162574
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sorn One Properties LLC · 6 yrs held
Sorn One Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
RDR1 · Buena, 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 Buena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buena 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
$8,763
Tax year 2022
Assessed value
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$61,400
Assessed improvement
$238,600
Land market value
$61,400
Improvement market value
$238,600
Total market value
$300,000
Applied tax rate
5.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1949
Heating
NONE
Units
1
Total area
4,146 SF
Lot
1.14 ac (49,658 SF)
Zoning code
RDR1
APN
05 03603-0000-00013
UPID
US59-3162574
Jurisdiction
ATLANTIC
Zoning & alternative use
RDR1 · Buena, NJZoning RDR1 · permitted uses
RDR1 · Buena, NJ
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
1949
Heating
NONE
Units
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Sorn One Properties LLC
Entity
Mailing address
PO BOX 556, ELMER, NJ 08318-0556
Ownership since
2019
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
Jan 24, 2025
—
Sorn One Properties LLC
—
Deed
related
$650,052 · First National Bank Elmer
Aug 20, 2019
$160,000
Sorn One Properties LLC
Bigdaddye Properties LLC
Deed
$190,000 · First National Bank Elmer
May 24, 2016
—
Bigdaddye Properties LLC
—
Deed
related
$160,000 · Excel Financial Corp
Mar 17, 2016
$165,000
Bigdaddye Properties LLC
Tombstone Saloon & Grill LLC
Grant Deed
—
May 29, 2012
$90,000
Tombstone Saloon & Grill LLC
Coba INC
Grant Deed
related
—
Dec 2, 2010
$100
Coba INC
Sheriff Of Atlantic County
Trustees Deed
related
—
Mar 8, 2007
$400,000
Jamel LLC
Barbara Bowers LLC
Deed
—
Sep 29, 2003
$150,000
Barbare E Bowers LLC
Leonetti,joseph & Helen
Grant Deed
related
$175,000 · First Colonial National Bank
—
—
Barbara E Bowers LLC
—
Deed Of Trust
related
$200,000 · Commerce 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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