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Property profile & analytics
OFF-MARKET
Estimated value
$7,500,000
Industrial properties
50 Progress Pl Jackson, NJ 08527-3002
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1495506
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
40,000 SF
Lot
3.35 ac (145,926 SF)
Zoning code
LM
APN
12 02401-0000-00001
UPID
US59-1495506
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
$7.47M
CAP Approach
CAP
$6.91M
Comparable Approach
Comparable
$4.76M
Blend (final)
Blend
$7.50M
Owner & transaction history
Progress Place LLC · 5 yrs held
Progress Place LLC
since 2021
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
LM · Jackson, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.5M
+49.3%
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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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
$7,500,000
ML approach
$7,465,000
CAP Approach
CAP Return
Estimation
6%
$7,485,000
6.5%
$6,905,000
7%
$6,415,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,365,000
Current use
OFFICE BUILDING
$9,510,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$7.50M
Range $6.75M – $8.25M · ±10% · vs last sale $6.00M (Jun 9 2021)
Last sale anchor
$6.00M
Jun 9 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
$188 / 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
$62,690
Tax year 2022
Assessed value
$2,496,600
Assessed 2023
Previous assessed
$2,496,600
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$251,300
Assessed improvement
$2,245,300
Land market value
$251,300
Improvement market value
$2,245,300
Total market value
$2,496,600
Applied tax rate
12.0000
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
Heating
NONE
Units
1
Total area
40,000 SF
Lot
3.35 ac (145,926 SF)
Zoning code
LM
APN
12 02401-0000-00001
UPID
US59-1495506
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LM · Jackson, NJZoning LM · permitted uses
LM · Jackson, NJ
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
INDUSTRIAL (GENERAL) Current
Est. value
$6.4M
OFFICE BUILDING
Est. value
$9.5M
INDUSTRIAL (GENERAL) Current
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
Heating
NONE
Units
1
Lot
3.35 ac
Current owner
From public records · entity-resolved
Progress Place LLC
Entity
Mailing address
501 PROSPECT STUNIT112, LAKEWOOD, NJ 08701-5026
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
$6,000,000
Progress Place LLC
50 Progress Place Acquisition LLC
Deed
$3,025,000 · Liberty Cp2 Spv LP
Jul 19, 2019
$4,000,000
50 Progress Place Acquisition LLC
Eus Estates LLC
Deed
$3,000,000 · Td Bank NA
Jan 6, 2016
$2,640,000
Eus Estates LLC
Progress Reality LLC
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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