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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Industrial properties
500 Oberlin S Ave Lakewood, NJ 08701-6905
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1672452
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
20,000 SF
Lot
3.67 ac (159,865 SF)
Zoning code
M1
APN
15 01600-0000-00001
UPID
US59-1672452
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
-
Culinary Food Distributors, LLC Big Box & Wholesale Store
-
B & B Department Stores North Clothing Store
-
Culinary Depot Big Box & Wholesale Store
-
Culinary Depot - Lakewood Showroom Food And Beverage Consultant Bakery Equipment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
County Of Ocean · 1 yrs held
County Of Ocean
since 2024
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,640,000
Current use
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±10%
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
$122 / 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
$79,052
Tax year 2023
Assessed value
$3,344,000
Assessed 2024
Previous assessed
$3,344,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$715,700
Assessed improvement
$2,628,300
Land market value
$715,700
Improvement market value
$2,628,300
Total market value
$3,344,000
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
20,000 SF
Lot
3.67 ac (159,865 SF)
Zoning code
M1
APN
15 01600-0000-00001
UPID
US59-1672452
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Lakewood, NJZoning M1 · permitted uses
M1 · Lakewood, 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
$3.6M
INDUSTRIAL (GENERAL) Current
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
County Of Ocean
Entity
Mailing address
101 HOOPER AVE, TOMS RIVER, NJ 08753-7605
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
—
County Of Ocean
500 Oberlin Nj LLC
Deed
—
Jul 26, 2022
—
500 Oberlin Nj LLC
—
Deed
related
$3,864,000 · Webster Bank NA
Jan 7, 2022
$4,825,000
500 Oberlin Nj LLC
Oberlin Bh LLC
Bargain And Sale Deed
—
Jul 9, 2019
$3,200,000
Oberlin Bh LLC
Ritu Real Estate INC
Grant Deed
$1,400,000 · Jefferson Avenue Fndg LLC
Jul 8, 2003
—
Ritu Real Estate INC
Chaudhary,ritu & Satish
Quit Claim Deed
related
$500,000 · Interchange Bank
—
—
Ritu Real Estate INC
—
Loan Modification
related
$400,000 · First Cmrc Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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