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Property profile & analytics
OFF-MARKET
Estimated value
$9,630,000
Industrial properties
687 Prospect St, Lakewood, NJ 08701-4648
Entity Owned
25-yr Hold
Free & Clear
Property ID
US59-1668741
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
113,160 SF
Lot
4.47 ac (194,713 SF)
Zoning code
M1
APN
15 00402-0000-00001
UPID
US59-1668741
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
-
Roelynn Litho Inc Marketing & Advertising Printing Service
-
Broadway Basketeers - Gourmet Gift Baskets Delivery (Bike/Boat/Book/etc) Store
-
Dave Electronics Warehouse & Storage
-
Francis Metals Inc Telecommunications Service
-
Sunrun Solar Solar Energy Company Solar Energy Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.63M
Owner & transaction history
Excel Corporate Park IV LLC · 25 yrs held
Excel Corporate Park IV LLC
since 2001
3 recorded transactions
Zoning & alternative use
M1 · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$85 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$169,617
Tax year 2023
Assessed value
$7,175,000
Assessed 2024
Previous assessed
$7,175,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$871,700
Assessed improvement
$6,303,300
Land market value
$871,700
Improvement market value
$6,303,300
Total market value
$7,175,000
Applied tax rate
15.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Total area
113,160 SF
Lot
4.47 ac (194,713 SF)
Zoning code
M1
APN
15 00402-0000-00001
UPID
US59-1668741
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Lakewood, NJ
Zoning M1 · permitted uses
M1 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Lot
4.47 ac
Current owner
From public records · entity-resolved
Excel Corporate Park IV LLC
Entity
Free & Clear · 25 yrs held
Mailing address
PO BOX 6219, FREEHOLD, NJ 07728-6219
Ownership since
2001
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
Sep 30, 2008
—
Excel Corporate Park IV LLC
—
Deed Of Trust
related
$7,647,500 · Washington Mutual Fsb
Mar 23, 2001
$178,000
Excel Corporate Park IV LLC
Industrial Commission Of Lakew
Grant Deed
—
—
—
Excel Corporate Park IV LLC
—
Deed Of Trust
related
$2,500,000 · Commerce Bank Shore NA
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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