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Property profile & analytics
OFF-MARKET
Estimated value
$6,665,000
Industrial properties
735 Airport Rd Lakewood, NJ 08701-5908
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-0541645
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
STEEL FRAME
Total area
40,000 SF
Lot
3.38 ac (147,059 SF)
Zoning code
M1
APN
15 01160- 01-00229
UPID
US59-0541645
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
$7.09M
CAP Approach
CAP
$6.91M
Comparable Approach
Comparable
$8.34M
Blend (final)
Blend
$6.67M
Owner & transaction history
Airport 735 LLC · 6 yrs held
Airport 735 LLC
since 2020
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
M1 · Lakewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.5M
+30.5%
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 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
Method
Estimation
Statistic approach
$7,265,000
ML approach
$7,085,000
CAP Approach
CAP Return
Estimation
6%
$7,485,000
6.5%
$6,905,000
7%
$6,415,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,285,000
Current use
OFFICE BUILDING
$9,510,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$6.67M
Range $6.00M – $7.33M · ±10% · vs last sale $5.20M (Jun 17 2020)
Last sale anchor
$5.20M
Jun 17 2020
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
$167 / 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
$88,051
Tax year 2022
Assessed value
$3,858,500
Assessed 2023
Previous assessed
$3,858,500
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$659,100
Assessed improvement
$3,199,400
Land market value
$659,100
Improvement market value
$3,199,400
Total market value
$3,858,500
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
1970
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
40,000 SF
Lot
3.38 ac (147,059 SF)
Zoning code
M1
APN
15 01160- 01-00229
UPID
US59-0541645
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Lakewood, NJZoning M1 · permitted uses
M1 · Lakewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.3M
OFFICE BUILDING
Est. value
$9.5M
INDUSTRIAL (GENERAL) Current
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
1970
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
3.38 ac
Current owner
From public records · entity-resolved
Airport 735 LLC
Entity
Mailing address
PO BOX 17, LAKEWOOD, NJ 08701-0017
Ownership since
2020
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
Jun 17, 2020
$5,200,000
Airport 735 LLC
Renaissance Lakewood LLC
Deed
$87,500 · 1st Constitution Bank
Sep 22, 2014
$4,338,000
Dpt Lakewood LLC
Meda Pharmaceuticals INC
Grant Deed
$122,276,860 · General Elec Cap
Nov 9, 2010
$7,000,000
Meda Pharmaceuticals INC
Vivus Real Estate LLC
Grant Deed
—
Jan 3, 2006
$3,155,555
Vivus Real Estate LLC
735 Airport Road LLC
Grant Deed
—
Aug 9, 2002
—
735 Airport Road LLC
Airport Associates
Quit Claim Deed
related
—
Aug 6, 1998
—
Airport Associates
—
Deed Of Trust
related
$7,300,000 · Manufacturers Life Insurance C
—
—
Vivus Real Estate LLC
—
Deed Of Trust
related
$5,375,000 · Crown Bank
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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