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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Residential income homes
408 Lippincott Ave Riverton, NJ 08077-1309
Individually Owned
2-yr Hold
Property ID
US59-2657392
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1885
Construction
FRAME
Total area
3,824 SF
Lot
0.32 ac (14,096 SF)
APN
31 00800-0000-00022
UPID
US59-2657392
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
$610k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$454k
Blend (final)
Blend
$610k
Owner & transaction history
Carleen Burik · 2 yrs held
Carleen Burik
since 2024
Last sale
$610,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$745,000
+49.0%
Office building
$710,000
+41.6%
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 Riverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverton 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
$610,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$500,000
Current use
COMMERCIAL (GENERAL)
$745,000
Change: +49% · Conversion: Moderate
OFFICE BUILDING
$710,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $610k (May 23 2024)
Last sale anchor
$610k
May 23 2024
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
$160 / 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
$12,666
Tax year 2022
Assessed value
$347,400
Assessed 2023
Previous assessed
$347,400
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$103,100
Assessed improvement
$244,300
Land market value
$103,100
Improvement market value
$244,300
Total market value
$347,400
Applied tax rate
31.0000
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
1885
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
3,824 SF
Lot
0.32 ac (14,096 SF)
APN
31 00800-0000-00022
UPID
US59-2657392
Jurisdiction
BURLINGTON
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$745,000
OFFICE BUILDING
Est. value
$710,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1885
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Carleen Burik
Individual
Mailing address
408 LIPPINCOTT AVE, RIVERTON, NJ 08077-1309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$610,000
Carleen Burik
Jacquelyn Ott
Deed
$230,000 · Crosscountry Mortgage LLC
Nov 22, 2005
$530,000
Jacquelyn N Ott
Cioci,frank R & Barbara
Grant Deed
$424,000 · Abn Amro Mortgage Group INC
—
—
Jacquelyn Ott
—
Deed Of Trust
related
$25,000 · Citibank NA
—
—
Ott,jacquelyn M
—
Deed Of Trust
related
$392,950 · Citibank 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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