New search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Turn key restaurants
98 Bromley Blvd, Burlington, NJ 08016-4326
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1251129
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Total area
3,734 SF
Lot
1.2 ac (52,181 SF)
Zoning code
B-1
APN
06 00124-0000-00023
UPID
US59-1251129
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
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$525k
Owner & transaction history
Towne Crossing Burlington LLC · 13 yrs held
Towne Crossing Burlington LLC
since 2012
4 recorded transactions
Zoning & alternative use
B-1 · Burlington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$570,000
+37.0%
Office building
$530,000
+28.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$415,000
Current use
AUTO REPAIR, GARAGE
$570,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: +28% · Conversion: Moderate
COMMERCIAL (GENERAL)
$395,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$141 / 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
$32,266
Tax year 2023
Assessed value
$1,080,200
Assessed 2024
Previous assessed
$1,080,200
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$781,400
Assessed improvement
$298,800
Land market value
$781,400
Improvement market value
$298,800
Total market value
$1,080,200
Applied tax rate
6.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Heating
NONE
Total area
3,734 SF
Lot
1.2 ac (52,181 SF)
Zoning code
B-1
APN
06 00124-0000-00023
UPID
US59-1251129
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Burlington, NJ
Zoning B-1 · permitted uses
B-1 · Burlington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$415,000
AUTO REPAIR, GARAGE
Est. value
$570,000
OFFICE BUILDING
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$395,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1998
Heating
NONE
Lot
1.2 ac
Current owner
From public records · entity-resolved
Towne Crossing Burlington LLC
Entity
Mailing address
1717 ARCH ST STE #3820, PHILADELPHIA, PA 19103-2761
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2012
$13,550,000
Towne Crossing Burlington LLC
Hovbros Burlington LLC
Grant Deed
—
Sep 20, 2012
—
Hovbros Burlington LLC
—
Deed Of Trust
related
$1,000,000 · Td Bank NA
Mar 28, 2005
—
Radepa Ents LLC
Colby Ents Of Pemberton INC
Grant Deed
$3,600,000 · Hudson United Bank
—
—
Radepa Ents LLC
—
Deed Of Trust
related
$3,750,000 · Noah 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.
Try Rey
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