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Property profile & analytics
OFF-MARKET
Estimated value
$7,725,000
Commercial real estate
501 Laurel Oak Rd Voorhees, NJ 08043-4418
Individually Owned
Absentee Owner
Free & Clear
Property ID
US59-2938579
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Total area
42,196 SF
Lot
7.71 ac (335,848 SF)
Zoning code
O3
APN
34 00161-0000-00022- 01
UPID
US59-2938579
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
by Request
CAP Approach
CAP
$6.79M
Comparable Approach
Comparable
$9.10M
Blend (final)
Blend
$7.73M
Owner & transaction history
Ohi Propco Nj Vorhees 501 Laurel Oa
Ohi Propco Nj Vorhees 501 Laurel Oa
since 2025
Last sale
$9.0M
6 recorded transactions
Zoning & alternative use
O3 · Voorhees, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.1M
+20.6%
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 Voorhees submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Voorhees 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%
$7,360,000
6.5%
$6,790,000
7%
$6,305,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,890,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,105,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$7.73M
Range $6.95M – $8.50M · ±10% · vs last sale $9.00M (Dec 18 2025)
Last sale anchor
$9.00M
Dec 18 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
$183 / 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
$292,486
Tax year 2022
Assessed value
$7,068,300
Assessed 2023
Previous assessed
$7,068,300
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$1,942,000
Assessed improvement
$5,126,300
Land market value
$1,942,000
Improvement market value
$5,126,300
Total market value
$7,068,300
Applied tax rate
34.0000
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
1997
Heating
NONE
Total area
42,196 SF
Lot
7.71 ac (335,848 SF)
Zoning code
O3
APN
34 00161-0000-00022- 01
UPID
US59-2938579
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
O3 · Voorhees, NJ
Zoning O3 · permitted uses
O3 · Voorhees, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Voorhees. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1997
Heating
NONE
Lot
7.71 ac
Current owner
From public records · entity-resolved
Ohi Propco Nj Vorhees 501 Laurel Oa
Individual
Free & Clear · 0 yrs held
Mailing address
400 CTR ST, NEWTON, MA 02458-2094
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$9,000,000
Ohi Propco Nj Vorhees 501 Laurel Oa
Five Star Quality Care Nj LLC
Deed
—
Mar 30, 2022
—
Five Star Quality Care Nj LLC
—
Deed
related
$95,000,000 · Midcap Funding Viiii Trust
Jul 18, 2019
—
Five Star Quality Care-nj LLC
—
Deed
related
$2,989,000 · Citibank
Mar 13, 2017
—
Five Star Quality Care-nj LLC
Fve Ec LLC
Quit Claim Deed
related
—
Jul 22, 2008
$8,350,000
Five Star Quality Care-ns Owne
Snh Ns Properties Trust
Grant Deed
—
—
—
Five Star Quality Care-nj LLC
—
Deed Of Trust
related
$2,989,000 · Citibank
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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