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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Commercial real estate
507 Mullica Hl Rd Mullica Hill, NJ 08062-2665
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0887612
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Construction
FRAME
Total area
2,782 SF
Lot
1.12 ac (48,787 SF)
Zoning code
R1
APN
08 00029- 17-00017
UPID
US59-0887612
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
-
Stephanie Marano Physician
-
Dr. Peter Lapis Physician
-
Katie Kull Physician
-
Dr. Melissa Dixon Physician Medical Clinic
-
Leah A. Gallagher, APN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$675k
Owner & transaction history
507 Mullica Hill Rd LLC · 2 yrs held
507 Mullica Hill Rd LLC
since 2024
Last sale
$672,871
6 recorded transactions
Zoning & alternative use
R1 · Mullica Hill, 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 Mullica Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mullica Hill 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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$475,000
7%
$440,000
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $673k (May 7 2024)
Last sale anchor
$673k
May 7 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
$243 / 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
$16,190
Tax year 2022
Assessed value
$505,300
Assessed 2023
Previous assessed
$505,300
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$152,000
Assessed improvement
$353,300
Land market value
$152,000
Improvement market value
$353,300
Total market value
$505,300
Applied tax rate
8.0000
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
1976
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,782 SF
Lot
1.12 ac (48,787 SF)
Zoning code
R1
APN
08 00029- 17-00017
UPID
US59-0887612
Jurisdiction
GLOUCESTER
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
R1 · Mullica Hill, NJZoning R1 · permitted uses
R1 · Mullica Hill, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
507 Mullica Hill Rd LLC
Entity
Mailing address
507 MULLICA HL RD, MULLICA HILL, NJ 08062-2665
Mailing matches property
Yes
Owner-occupied
Yes
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
May 7, 2024
$672,871
507 Mullica Hill Rd LLC
507 Mullica Hill Road LLC
Deed
$2,726,750 · Webster Bank NA
Aug 23, 2011
$300,000
507 Mullica Hill Road LLC
Frank Faiella
Deed
$400,000 · Td Bank NA
May 16, 2006
$335,000
Frank Faiella
Chambers,dennis & Barbara
Grant Deed
—
Apr 27, 1999
$5,750,000
Dennis M Chambers
Raymond,karl
Grant Deed
$128,000 · Countrywide Home Loans INC
—
—
Frank Fatella
—
Deed Of Trust
related
$240,000 · Loancity Com
—
—
Dennis M Chambers
—
Deed Of Trust
related
$36,000 · Champion Mortgage Co INC
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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