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Property profile & analytics
OFF-MARKET
Estimated value
$3,215,000
Commercial real estate
550 Rte 530, Whiting, NJ 08759-3140
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1935511
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
8,500 SF
Lot
5.45 ac (237,402 SF)
Zoning code
WTB1
APN
19 00090-0000-00009- 01
UPID
US59-1935511
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
$3.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$3.22M
Owner & transaction history
Legend Realty Associates LLC · 3 yrs held
Legend Realty Associates LLC
since 2023
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
WTB1 · Whiting, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+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
$3,230,000
ML approach
$3,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,285,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,410,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$2,020,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.22M
Range $2.89M – $3.54M · ±10% · vs last sale $3.20M (Jan 3 2023)
Last sale anchor
$3.20M
Jan 3 2023
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
$378 / 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
$72,984
Tax year 2022
Assessed value
$3,295,000
Assessed 2023
Previous assessed
$3,295,000
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,144,500
Assessed improvement
$2,150,500
Land market value
$1,144,500
Improvement market value
$2,150,500
Total market value
$3,295,000
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
Heating
NONE
Stories
1
Units
1
Total area
8,500 SF
Lot
5.45 ac (237,402 SF)
Zoning code
WTB1
APN
19 00090-0000-00009- 01
UPID
US59-1935511
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
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
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
Heating
NONE
Stories
1
Units
1
Lot
5.45 ac
Current owner
From public records · entity-resolved
Legend Realty Associates LLC
Entity
Mailing address
2 UNIVERSITY PLZ STE #101, HACKENSACK, NJ 07601-6210
Ownership since
2023
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
Jan 3, 2023
$3,200,000
Legend Realty Associates LLC
Fnrp Holdings Four LLC
Deed
$2,300,000 · Republic First Bank
Sep 6, 2018
—
Fnrp Holdings Four LLC
—
Deed
related
$1,875,000 · Sb One Bk
Oct 21, 2016
$2,300,000
Fnrp Holdings Four LLC
Kokes Family LP
Grant Deed
related
$1,610,000 · Kokes Family LP
Mar 25, 2014
—
Kokes Family LP
Kokes Family LP
Quit Claim Deed
related
—
Feb 1, 2006
—
Kokes Family
Kokes,irene M
Quit Claim Deed
related
—
—
—
Fnrp Holdings Four LLC
—
Deed Of Trust
related
$1,875,000 · Sb One 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.
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