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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial real estate
411 Commerce Ln West Berlin, NJ 08091-9254
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1362362
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
9,824 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C2
APN
06 01201-0000-00003
UPID
US59-1362362
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
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$699k
Blend (final)
Blend
$545k
Owner & transaction history
Shades Of Stone Harbor LLC · 1 yrs held
Shades Of Stone Harbor LLC
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
C2 · West Berlin, 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 West Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Berlin 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
$510,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$860,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Mar 4 2025)
Last sale anchor
$550k
Mar 4 2025
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
$55 / 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
$36,881
Tax year 2022
Assessed value
$957,200
Assessed 2023
Previous assessed
$957,200
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$126,300
Assessed improvement
$830,900
Land market value
$126,300
Improvement market value
$830,900
Total market value
$957,200
Applied tax rate
6.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Stories
2
Total area
9,824 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C2
APN
06 01201-0000-00003
UPID
US59-1362362
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
C2 · West Berlin, NJ
Zoning C2 · permitted uses
C2 · West Berlin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$860,000
INDUSTRIAL (GENERAL)
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
1989
Heating
NONE
Stories
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Shades Of Stone Harbor LLC
Entity
Mailing address
670 CMNS WAY, TOMS RIVER, NJ 08755-6431
Ownership since
2025
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
Mar 4, 2025
$550,000
Shades Of Stone Harbor LLC
Daniel E Straffi
Deed
—
Oct 16, 2023
—
Leeanna Roman Lozada
Roman Property Investments LLC
Deed
—
Aug 22, 2016
—
Roman Property Investments LLC
Roman Fournier Prop Inv LLC
Quit Claim Deed
—
May 25, 1993
$700,000
Route 73 P & H Associates L P
Unknown
Grant Deed
—
—
—
Roman Property Investments LLC
—
Deed Of Trust
related
$593,000 · United Bk/philadelphia
—
—
Roman Fournier Prop Inv LLC
—
Deed Of Trust
related
$117,120 · Commerce Bank NA
—
—
Roman Fournier Prop Invs LLC
—
Deed Of Trust
related
$493,000 · Corporation/busn Assistance/nj
—
—
Roman Fournier Prop Inv LLC
—
Deed Of Trust
related
$209,400 · Fleet National Bank
—
—
Roman Property Investments LLC
—
Deed Of Trust
related
$948,000 · United Bk/philadelphia
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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