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Property profile & analytics
OFF-MARKET
Estimated value
$10,575,000
Residential income homes
Casarow Dr Bridgeton, NJ 08302
Entity Owned
6-yr Hold
Property ID
US59-2228995
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1974
Construction
BRICK
Lot
19.94 ac (868,804 SF)
APN
01 00110-0000-00023
UPID
US59-2228995
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
$10.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.58M
Owner & transaction history
Indian Run 2020 LLC · 6 yrs held
Indian Run 2020 LLC
since 2020
Last sale
$9.3M
5 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 Bridgeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgeton 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
$12,910,000
ML approach
$10,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.58M
Range $9.52M – $11.63M · ±10% · vs last sale $9.30M (May 20 2020)
Last sale anchor
$9.30M
May 20 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
—
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
$287,245
Tax year 2022
Assessed value
$5,712,900
Assessed 2023
Previous assessed
$5,712,900
+0.0% YoY
Effective rate
5.03%
On assessed value
Assessed land
$800,000
Assessed improvement
$4,912,900
Land market value
$800,000
Improvement market value
$4,912,900
Total market value
$5,712,900
Applied tax rate
1.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1974
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
19.94 ac (868,804 SF)
APN
01 00110-0000-00023
UPID
US59-2228995
Jurisdiction
CUMBERLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
19.94 ac
Current owner
From public records · entity-resolved
Indian Run 2020 LLC
Entity
Mailing address
550 AMERICAN AVE STE #1, KING OF PRUSSIA, PA 19406-1441
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2020
$9,300,000
Indian Run 2020 LLC
Relleg Group LLC
Grant Deed
$9,300,000 · Wilmington Tr N 2018-cx12 (ce)
Jul 25, 2018
$2,100,000
Relleg Group LLC
Msg Relleg LLC
Grant Deed
related
$9,300,000 · Argentic R/e Fin LLC
May 24, 2018
$1,863,394,390
Msg Relleg LLC
Relling Group LLC
Grant Deed
related
—
Dec 6, 2002
$1,000,000
Relleg Group LLC
Second Glenwood Assocs LLC
Grant Deed
—
Nov 5, 1998
$2,545,027
Relleg Grp-2nd Glenwood Assoc
Relleg Grp
Grant Deed
related
—
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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