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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Industrial properties
485 Oberlin S Ave, Lakewood, NJ 08701-6904
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1792356
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
METAL FRAME
Total area
60,000 SF
Lot
3.67 ac (159,865 SF)
Zoning code
M1
APN
15 01601-0000-00002- 01
UPID
US59-1792356
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
-
Documed Medical Transcription Medical Transcription Service
-
AMETEK Glasseal Products Industrial Manufacturer Production Facility
-
Serendipity Discount Store
-
Hcc Industries Inc Electronics & Wireless Store
-
Miloo Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$990k
Owner & transaction history
Benjamin Blau · 1 yrs held
Benjamin Blau
since 2024
Last sale
$987,500
7 recorded transactions
Zoning & alternative use
M1 · Lakewood, 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 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
$990,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $988k (Aug 8 2024)
Last sale anchor
$988k
Aug 8 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
$17 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$97,368
Tax year 2023
Assessed value
$4,118,800
Assessed 2024
Previous assessed
$204,000
+1,919.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$1,115,300
Assessed improvement
$3,003,500
Land market value
$1,115,300
Improvement market value
$3,003,500
Total market value
$4,118,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1983
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
60,000 SF
Lot
3.67 ac (159,865 SF)
Zoning code
M1
APN
15 01601-0000-00002- 01
UPID
US59-1792356
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.
Building & site characteristics
From public records
Year built
1983
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
Benjamin Blau
Individual
Mailing address
26 OAK ST, LAKEWOOD, NJ 08701-5322
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
$987,500
Benjamin Blau
Elroy Sol LLC
Deed
—
Aug 7, 2024
$700,000
Elroy Sol LLC
Elroy Properties LLC
Deed
—
Nov 9, 2023
—
479 Oberlin Owner LLC
485 Oberlin Owner LLC
Deed
—
Jul 22, 2022
—
485 Oberlin Owner LLC
—
Deed
related
$5,950,000 · The Bank Of Princeton
Mar 18, 2022
—
485 Oberlin Owner LLC
—
Deed
related
$9,000,000 · Elizabeth Capital Success LLC
Feb 24, 2022
—
485 Oberlin Owner LLC
—
Deed
related
$5,000,000 · Elizabeth Capital Success LLC
Oct 11, 2019
$8,000,000
Sep 485 Oberlin LLC
Glasseal Products INC
Deed
$7,500,000 · Cp Capital Vi LLC
Oct 7, 2014
—
Kenneth Garzo
Steinau Florence T
Grant Deed
related
—
Jun 17, 2004
—
Glasseal Products INC
—
Deed Of Trust
related
$25,000,000 · Guggenheim Corporate Fndg LLC
Jul 11, 1991
$1,173,348
Glasseal Products INC
Unknown
Grant Deed
—
—
—
Glasseal Products INC
—
Deed Of Trust
related
$2,350,000 · Richard L Ferraid
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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