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Property profile & analytics
OFF-MARKET
Residential income homes
578 Washington Ave Burlington, NJ 08016-2041
Entity Owned
7-yr Hold
Property ID
US59-3052544
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1925
Total area
4,064 SF
Lot
0.22 ac (9,596 SF)
Zoning code
R-2
APN
05 00042-0000-00005
UPID
US59-3052544
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
-
Lenepehoking Tree Expеrts Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sps Holdings LLC · 7 yrs held
Sps Holdings LLC
since 2019
3 recorded transactions
Zoning & alternative use
R-2 · Burlington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
9 Zoning Map. § 207-69.1 Attachments and zoning schedules. § 207-70 District boundaries. § 207-71 General regulations. § 207-72 OS-1 Open Space District. § 207-73 R-1 Suburban Residential Neighborhood District. § 207-74 R-2 Suburban Residential Neighborhood District. § 207-75 R-3 Suburban Residential Neighborhood District. § 207-76 TRN Traditional Residentia…
Zone name
Suburban Residential Neighborhood District
General category
RESIDENTIAL
Zone area
306.67 ac
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,359
Tax year 2022
Assessed value
$270,000
Assessed 2023
Previous assessed
$270,000
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$88,000
Assessed improvement
$182,000
Land market value
$88,000
Improvement market value
$182,000
Total market value
$270,000
Applied tax rate
5.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1925
Heating
NONE
Stories
2
Units
1
Total area
4,064 SF
Lot
0.22 ac (9,596 SF)
Zoning code
R-2
APN
05 00042-0000-00005
UPID
US59-3052544
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Burlington, NJZoning R-2 · permitted uses
R-2 · Burlington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
9 Zoning Map. § 207-69.1 Attachments and zoning schedules. § 207-70 District boundaries. § 207-71 General regulations. § 207-72 OS-1 Open Space District. § 207-73 R-1 Suburban Residential Neighborhood District. § 207-74 R-2 Suburban Residential Neighborhood District. § 207-75 R-3 Suburban Residential Neighborhood District. § 207-76 TRN Traditional Residential Neighborhoods District. § 207-77 TC-1 Town Center District. § 207-77.1 Arts and C
Zone name
Suburban Residential Neighborhood District
General category
RESIDENTIAL
Zone area
306.67 ac
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
2
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Sps Holdings LLC
Entity
Mailing address
230 HIGH ST, BURLINGTON, NJ 08016-4410
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2019
$402,500
Sps Holdings LLC
Wash Ave LLC
Grant Deed
related
$402,500 · Donald & Denise Stablein
May 3, 2005
$460,000
Timothy S Price
578 Washington Avenue LLC
Grant Deed
$322,000 · Yardville National Bank
—
—
578 Washington Avenue LLC
—
Deed Of Trust
related
$262,500 · Astoria Federal Mortgage Corp
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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