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Property profile & analytics
OFF-MARKET
Estimated value
$3,165,000
Industrial properties
999 Airport Rd Lakewood, NJ 08701-5969
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US59-0522653
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Construction
CONCRETE BLOCKS
Total area
26,100 SF
Lot
3.3 ac (143,748 SF)
Zoning code
M1
APN
15 01160- 01-00221
UPID
US59-0522653
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
-
Reliable Safety Systems, Inc. Building Supply Security Service
-
Project Independence Charitable Organization Social Service Agency
-
Environmental Remediation Services Financial Advisor
-
Bold Builders Construction Company
-
Mocean Doors Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.17M
Owner & transaction history
Airport 999 LLC · 10 yrs held
Airport 999 LLC
since 2016
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,755,000
Current use
Blend value · Realmo final
$3.17M
Range $2.85M – $3.48M · ±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
$121 / 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
$77,499
Tax year 2022
Assessed value
$3,396,100
Assessed 2023
Previous assessed
$3,396,100
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$643,500
Assessed improvement
$2,752,600
Land market value
$643,500
Improvement market value
$2,752,600
Total market value
$3,396,100
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
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
26,100 SF
Lot
3.3 ac (143,748 SF)
Zoning code
M1
APN
15 01160- 01-00221
UPID
US59-0522653
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
$4.8M
INDUSTRIAL (GENERAL) Current
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
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Airport 999 LLC
Entity
Mailing address
PO BOX 17, LAKEWOOD, NJ 08701-0017
Ownership since
2016
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
Nov 12, 2021
—
Airport 999 LLC
—
Deed
related
$13,500,000 · Valley Bank
Dec 19, 2016
—
1750 Cedar Bridge LLC
—
Deed
related
$6,000,000 · Ae 2016 Grantor Clat (ct)
Jun 24, 2016
$8,160,000
Airport 999 LLC
Legacy Lakewood LLC
Grant Deed
related
$6,600,000 · Miscellaneous Ins Co
Sep 30, 2013
$7,000,000
Legacy Lakewood LLC
Rk Bennett H INC
Grant Deed
$4,900,000 · Woodmen Of World Life Insuranc
Nov 16, 2011
—
Rk Bennett II INC
—
Deed Of Trust
related
$2,280,000 · Ronald & Marie Bennett
Aug 9, 2002
—
Rk Bennett II INC
Bennett Development Co
Quit Claim Deed
related
—
—
—
1750 Cedar Bridge LLC
—
Deed Of Trust
related
$6,000,000 · Ae 2016 Grantor Clat (ct)
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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