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Property profile & analytics
OFF-MARKET
Estimated value
$3,890,000
Commercial real estate
505 Rte 530, Whiting, NJ 08759-3144
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1399806
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
10,188 SF
Lot
1.83 ac (79,715 SF)
Zoning code
WTB1
APN
19 00096-0000-00004- 02
UPID
US59-1399806
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
$3.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.89M
Owner & transaction history
Bleecker 530 Hwy LLC · 4 yrs held
Bleecker 530 Hwy LLC
since 2022
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
WTB1 · Whiting, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+5.5%
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 Whiting submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whiting 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
$4,180,000
ML approach
$3,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,740,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,890,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$2,420,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.89M
Range $3.50M – $4.28M · ±10% · vs last sale $3.89M (Mar 8 2022)
Last sale anchor
$3.89M
Mar 8 2022
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
$382 / 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
$68,182
Tax year 2022
Assessed value
$3,078,200
Assessed 2023
Previous assessed
$3,078,200
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,509,800
Assessed improvement
$1,568,400
Land market value
$1,509,800
Improvement market value
$1,568,400
Total market value
$3,078,200
Applied tax rate
19.0000
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
2003
Heating
NONE
Units
1
Total area
10,188 SF
Lot
1.83 ac (79,715 SF)
Zoning code
WTB1
APN
19 00096-0000-00004- 02
UPID
US59-1399806
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
WTB1 · Whiting, NJ
Zoning WTB1 · permitted uses
WTB1 · Whiting, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whiting. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Year built
2003
Heating
NONE
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Bleecker 530 Hwy LLC
Entity
Mailing address
10 WW ST APT 16E, NEW YORK, NY 10004-1078
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
$3,888,889
Bleecker 530 Hwy LLC
Scp 2002e 46 LLC
Deed
—
Sep 14, 2020
—
Scp 2002e-46 LLC
Scp 2002e-46 LLC
Correction Deed
related
—
Jun 22, 2020
—
Scp 2002e-46 LLC
—
Deed
related
$1,300,000 · Miscellaneous Ins Co
Dec 31, 2018
—
Scp 2002e-46 LLC
—
Deed
related
$2,050,000 · Oakwood Bk
Aug 1, 2002
$850,000
Cvs 2723 Nj LLC
Kokes Organization INC
Grant Deed
—
—
—
Scp 2002e-46 LLC
—
Deed Of Trust
related
$2,050,000 · Oakwood Bk
—
—
Scp 2002e-46 LLC
—
Deed Of Trust
related
$1,300,000 · Miscellaneous Ins Co
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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