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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Office buildings
400 New Hampshire Ave Lakewood, NJ 08701-4510
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2560330
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
STONE
Total area
5,700 SF
Lot
0.8 ac (34,965 SF)
Zoning code
M1
APN
15 00564-0000-00004
UPID
US59-2560330
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
-
Hands On Physical Therapy: Schecter Karen Physician
-
Yousefzadeh Daniel Medical Clinic
-
Ocean County Family Care Medical Clinic
-
Ahmed Munir MD PA Physician
-
Dr. Janet L. Mahan, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.44M
Owner & transaction history
Wrh Equity Holdings LLC · 5 yrs held
Wrh Equity Holdings LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
M1 · Lakewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+26.1%
Apartment house (5+ units)
$1.6M
+19.3%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$1,570,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
$1,550,000
6.5%
$1,430,000
7%
$1,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,355,000
Current use
COMMERCIAL (GENERAL)
$1,710,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,615,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.13M (Oct 1 2020)
Last sale anchor
$1.13M
Oct 1 2020
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
$252 / 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
$25,673
Tax year 2022
Assessed value
$1,125,000
Assessed 2023
Previous assessed
$1,125,000
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$156,000
Assessed improvement
$969,000
Land market value
$156,000
Improvement market value
$969,000
Total market value
$1,125,000
Applied tax rate
15.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
STONE
Heating
NONE
Stories
1
Units
1
Total area
5,700 SF
Lot
0.8 ac (34,965 SF)
Zoning code
M1
APN
15 00564-0000-00004
UPID
US59-2560330
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Lakewood, NJ
Zoning M1 · permitted uses
M1 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
STONE
Heating
NONE
Stories
1
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Wrh Equity Holdings LLC
Entity
Mailing address
320 ROEBLING ST #120, BROOKLYN, NY 11211-6651
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
—
Wrh Equity Holdings LLC
—
Deed
related
$5,000,000 · Finwise Bank
Dec 30, 2022
—
Wrh Equity Holdings LLC
—
Deed
related
$2,700,000 · Finwise Bank
Jul 6, 2021
—
Wrh Equity Holdings LLC
—
Deed
related
$1,875,000 · The Dime Savings Bank Williamsburgh
Oct 1, 2020
$2,500,000
Wrh Equity Holdings LLC
400 New Hampshire LLC
Grant Deed
related
—
Jul 18, 2018
—
400 New Hampshire LLC
—
Deed
related
$1,120,000 · Td Bank NA
Apr 13, 2018
—
400 New Hampshire LLC
—
Deed
related
$100,000 · Shoshana Englander
Nov 22, 2017
—
400 New Hampshire LLC
—
Deed
related
$100,000 · Masoras Avos INC
Jul 3, 2017
$1,125,000
400 New Hampshire LLC
Family Care Investments II LLC
Deed
$843,750 · First Commerce Bank
Apr 25, 2017
—
Family Care Investments II LLC
—
Deed
related
$278,365 · Pnc Bank
Apr 2, 2007
—
Family Care Investments II LLC
—
Deed Of Trust
related
$1,620,000 · Sun National Bank
Apr 1, 2002
$625,000
Family Care Investments II LLC
Ahmed,munir
Grant Deed
$487,500 · Sun National Bank
—
—
400 New Hampshire LLC
—
Deed Of Trust
related
$100,000 · Masoras Avos INC
—
—
Family Care Investments
—
Deed Of Trust
related
$150,000 · Sun National Bank
—
—
400 New Hampshire LLC
—
Deed Of Trust
related
$100,000 · Shoshana Englander
—
—
Family Care Investments LLC
—
Deed Of Trust
related
$470,000 · 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.
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