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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Residential income homes
86 Groff Rd Monroeville, NJ 08343-1827
Individually Owned
4-yr Hold
Property ID
US59-1196281
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1994
Total area
3,488 SF
Lot
4.34 ac (189,050 SF)
APN
14 00021-0000-00011- 02
UPID
US59-1196281
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
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$585k
Owner & transaction history
Melissa J Dehart · 4 yrs held
Melissa J Dehart
since 2022
Last sale
$585,000
7 recorded transactions
Zoning & alternative use
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 Monroeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroeville 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
$610,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$450,000
Current use
OFFICE BUILDING
$365,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $585k (Jul 27 2022)
Last sale anchor
$585k
Jul 27 2022
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
$168 / 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
$11,211
Tax year 2022
Assessed value
$384,600
Assessed 2023
Previous assessed
$384,600
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$76,700
Assessed improvement
$307,900
Land market value
$76,700
Improvement market value
$307,900
Total market value
$384,600
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1994
Heating
NONE
Stories
2
Units
1
Total area
3,488 SF
Lot
4.34 ac (189,050 SF)
APN
14 00021-0000-00011- 02
UPID
US59-1196281
Jurisdiction
SALEM
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$450,000
OFFICE BUILDING
Est. value
$365,000
APARTMENT HOUSE (5+ UNITS) 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
1994
Heating
NONE
Stories
2
Units
1
Lot
4.34 ac
Current owner
From public records · entity-resolved
Melissa J Dehart
Individual
Mailing address
86 GROFF RD, MONROEVILLE, NJ 08343-1827
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
$585,000
Melissa J Dehart
Stacy Woodward
Deed
$452,000 · Roundpoint Mortgage Servicing Corp
Jul 27, 2015
$416,000
Stacy Woodward
Corsey,michael J
Grant Deed
$374,400 · Wells Fargo Bk
Aug 16, 2002
—
Michelle Corsey
Corsey,michael J
Quit Claim Deed
related
—
Jun 28, 1996
$185,000
Michele Corsey
Wolf,edwin
Grant Deed
$160,000 · Source One Mortgage Svcs Corp
Aug 9, 1993
$50,000
Edwin W Wolf
Unknown
Grant Deed
—
—
—
Michael J Corsey
—
Deed Of Trust
related
$20,000 · Bank Of Gloucester County
—
—
Michael J Corsey
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
—
—
Michael J Corsey
—
Deed Of Trust
related
$50,000 · Bank Of Gloucester County
—
—
Michael J Corsey
—
Deed Of Trust
related
$100,000 · E-loan INC
—
—
Michael J Corsey
—
Deed Of Trust
related
$200,000 · Source One Mortgage Svcs 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.
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