Entity Owned 
For Sale
1 / 26
$450,000
387 Main St, West Creek, NJ 08092
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Property summary
AI-generated overview
The property is a small commercial site configured for flexible use as either professional office or retail, located along Route 9 on a 0.66-acre parcel. It includes an approximately 850-square-foot building that was historically used as a bait and tackle shop, along with an electrically equipped shed. The site and building are suited for a range of neighborhood-oriented businesses, including retail concepts (such as a salon, florist, gift shop, or similar), food-related uses that support take-out service (such as bakery or other prepared-food concepts), and small professional office services (such as construction, insurance, accounting, or therapy-related offices).
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
1,937 SF
Lot
0.66 ac (28,800 SF)
Zoning code
C-2
APN
09 00026-0000-00002
UPID
US59-0551099
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
since 2013
4 recorded transactions
Zoning & alternative use
C-2 · West Creek, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 10 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$300k
Value range
$270k – $330k
±10% around blend
Estimated value / SF
$155 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$270k
blend $300k
$330k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,937 SF
Lot area
0.66 ac
Year built
1920
Stories
1
APN
09 00026-0000-00002
Zoning
C-2
Assessed value
$317,000
Annual tax
$8,473
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$8,473
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$540k
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.8 mi away · 1,832 SF
3.9 mi away · 1,626 SF
4.3 mi away · 2,184 SF
4.9 mi away · 2,016 SF
5.6 mi away · 1,820 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$300k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 852 sales
$288
-46%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $155/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Selected market yield
8.86%
Selected cap rate for this other commercial real estate
Derived from the West Creek market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.86%
9.0%
NOI (est.)
$40k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$450k
Move the market yield to see immediate price impact.
Value / SF
$232
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.36%8.86%9.36%
$36k
$429k
$405k
$383k
$40k
$477k
$450k
$426k
$44k
$524k
$495k
$468k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$128k
3.8 mi · Nov 2025 · $70/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,473
Tax year 2022
Assessed value
$317,000
Assessed 2023
Previous assessed
$317,000
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$128,800
Assessed improvement
$188,200
Land market value
$128,800
Improvement market value
$188,200
Total market value
$317,000
Applied tax rate
9.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1920
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
2
Total area
1,937 SF
Lot
0.66 ac (28,800 SF)
Zoning code
C-2
APN
09 00026-0000-00002
UPID
US59-0551099
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-2 · West Creek, NJZoning C-2 · permitted uses
C-2 · West Creek, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
1
Bathrooms
2
Lot
0.66 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-2
Jurisdiction
West Creek, NJ
Recorded code
C-2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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