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Property profile & analytics
OFF-MARKET
Estimated value
$255,000
Residential income homes
470-472 Hickory Ave 472 Carneys Point, NJ 08069-2848
Entity Owned
4-yr Hold
Property ID
US59-1191870
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1960
Total area
4,680 SF
Lot
0.14 ac (5,881 SF)
Zoning code
MHR
APN
02 00179-0000-00009
UPID
US59-1191870
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
$230k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
470 472 Hickory Avenue LLC · 4 yrs held
470 472 Hickory Avenue LLC
since 2021
Last sale
$225,000
2 recorded transactions
Zoning & alternative use
MHR · Carneys Point, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District Regulations § 212-6 Compliance with use regulations required. § 212-7 AG Agricultural District uses. § 212-8 Rural Residential 1 and 2 Districts uses. § 212-9 LR Low-Density Residential District uses. § 212-10 MHR Medium-High Density Residential District uses. § 212-11 HR High-Density Residential District uses. § 212-12 LC Light Commercial District…
Zone name
Medium High Density Residential
General category
RESIDENTIAL
Zone area
514.08 ac
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 Carneys Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carneys Point 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
$255,000
ML approach
$230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$255k
Range $230k – $281k · ±10% · vs last sale $225k (Aug 27 2021)
Last sale anchor
$225k
Aug 27 2021
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
$54 / 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
$10,398
Tax year 2022
Assessed value
$310,400
Assessed 2023
Previous assessed
$310,400
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$33,600
Assessed improvement
$276,800
Land market value
$33,600
Improvement market value
$276,800
Total market value
$310,400
Applied tax rate
2.0000
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
1960
Heating
NONE
Units
4
Total area
4,680 SF
Lot
0.14 ac (5,881 SF)
Zoning code
MHR
APN
02 00179-0000-00009
UPID
US59-1191870
Jurisdiction
SALEM
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
MHR · Carneys Point, NJZoning MHR · permitted uses
MHR · Carneys Point, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District Regulations § 212-6 Compliance with use regulations required. § 212-7 AG Agricultural District uses. § 212-8 Rural Residential 1 and 2 Districts uses. § 212-9 LR Low-Density Residential District uses. § 212-10 MHR Medium-High Density Residential District uses. § 212-11 HR High-Density Residential District uses. § 212-12 LC Light Commercial District uses. § 212-13 GC General Commercial District uses. § 212-14 GC-R General Commerci
Zone name
Medium High Density Residential
General category
RESIDENTIAL
Zone area
514.08 ac
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Units
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
470 472 Hickory Avenue LLC
Entity
Mailing address
719 AVE C C, BAYONNE, NJ 07002-2806
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
$225,000
470 472 Hickory Avenue LLC
Kenneth W Miller
Deed
$399,750 · Barry Freund
Apr 18, 2018
—
Luann Pandorf
Pandorf Dorothy J
Quit Claim Deed
—
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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