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Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Industrial properties
408 Lambs Rd Pitman, NJ 08071-2025
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3054481
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
TYPE NOT SPECIFIED
Lot
26.68 ac (1,162,181 SF)
APN
10 00253- 01-00020
UPID
US59-3054481
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
-
Omni Recycling LLC Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
Omni Recycling Properties LLC · 4 yrs held
Omni Recycling Properties LLC
since 2022
Last sale
$2.0M
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 Pitman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pitman 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
$2,250,000
ML approach
$2,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10% · vs last sale $2.00M (Feb 28 2022)
Last sale anchor
$2.00M
Feb 28 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
—
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
$33,231
Tax year 2022
Assessed value
$690,400
Assessed 2023
Previous assessed
$950,000
-27.3% YoY
Effective rate
4.81%
On assessed value
Assessed land
$549,600
Assessed improvement
$140,800
Land market value
$549,600
Improvement market value
$140,800
Total market value
$690,400
Applied tax rate
10.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
26.68 ac (1,162,181 SF)
APN
10 00253- 01-00020
UPID
US59-3054481
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
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
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
26.68 ac
Current owner
From public records · entity-resolved
Omni Recycling Properties LLC
Entity
Mailing address
408 LAMBS RD, PITMAN, NJ 08071-2025
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$2,000,000
Omni Recycling Properties LLC
Omni Recycling LLC
Warranty Deed
—
Jan 5, 2018
—
Omni Recycling LLC
—
Deed
related
$830,000 · Capital Bk/nj
Sep 6, 2016
—
Omni Recycling LLC
—
Deed
related
$2,360,000 · Capital Bk/nj
Feb 3, 2009
—
Omni Recycling LLC
Stewart T Linwood JR
Quit Claim Deed
related
—
Jun 7, 2004
$925,000
Omni Recycling LLC
Onyx Waste Services INC
Grant Deed
$825,000 · The Bank
Oct 20, 1999
$2,107,500
Acs Services INC
Mackay,raymond J
Grant Deed
—
—
—
Omni Recycling LLC
—
Deed Of Trust
related
$1,670,000 · The Bank
—
—
Omni Recycling LLC
—
Deed Of Trust
related
$225,000 · Capital Bank Of New Jersey
—
—
Omni Recycling LLC
—
Deed Of Trust
related
$500,000 · The Bank
—
—
Omni Recycling LLC
—
Deed Of Trust
related
$2,360,000 · Capital Bk/nj
—
—
Omni Recycling LLC
—
Deed Of Trust
related
$830,000 · Capital Bk/nj
—
—
Omni Recycling LLC
—
Deed Of Trust
related
$2,700,000 · Capital Bank Of New Jersey
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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