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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Industrial properties
11 Kari Dr Lambertville, NJ 08530-3411
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US59-0461992
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
5,600 SF
Lot
10.99 ac (478,724 SF)
Zoning code
HC
APN
26 00008-0000-00023- 03
UPID
US59-0461992
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
by Request
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$772k
Blend (final)
Blend
$870k
Owner & transaction history
Breen Real Estate LLC · 17 yrs held
Breen Real Estate LLC
since 2009
7 recorded transactions
Zoning & alternative use
HC · Lambertville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+105.0%
Apartment house (5+ units)
$705,000
+35.0%
Commercial (general)
$670,000
+28.3%
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 Lambertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lambertville 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%
$1,050,000
6.5%
$965,000
7%
$900,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,070,000
Change: +105% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$705,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$155 / 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
$43,742
Tax year 2022
Assessed value
$2,094,900
Assessed 2023
Previous assessed
$2,094,900
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$331,900
Assessed improvement
$1,763,000
Land market value
$331,900
Improvement market value
$1,763,000
Total market value
$2,094,900
Applied tax rate
26.0000
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
Heating
NONE
Units
1
Total area
5,600 SF
Lot
10.99 ac (478,724 SF)
Zoning code
HC
APN
26 00008-0000-00023- 03
UPID
US59-0461992
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Lambertville, NJZoning HC · permitted uses
HC · Lambertville, 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
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$670,000
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Units
1
Lot
10.99 ac
Current owner
From public records · entity-resolved
Breen Real Estate LLC
Entity
Mailing address
3900 W DAYTON ST, MCHENRY, IL 60050-8376
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
—
Chroma Color Corporation
—
Deed
related
—
Sep 4, 2018
—
Breen Real Estate LLC
—
Loan Modification
related
$122,050,000 · Twin Brook Cap Ptrs LLC
Jan 19, 2018
—
Breen Real Estate LLC
—
Grant Deed
related
$100,000,000 · Twin Brook Cap Ptrs LLC
Feb 3, 2016
—
Breen Real Estate LLC
—
Loan Modification
related
$35,500,000 · First Niagara Bk
Apr 8, 2009
$1,400,000
Breen Real Estate LLC
East Coast Colorants LLC
Grant Deed
$1,100,000 · M & I Marshall & Isley Bank
Mar 13, 2009
$1,450,000
East Coast Colorants LLC
Pvc Compounders LLC
Grant Deed
$3,000,000 · M & I Marshall & Isley Bank
—
—
Breen Real Estate LLC
—
Deed Of Trust
related
$16,500 · First Niagara Bk
—
—
Breen Real Estate LLC
—
Deed Of Trust
related
$1,500,000 · Tcf National Bank
—
—
Breen Real Estate LLC
—
Deed Of Trust
related
$1,481,250 · Bmo Harris Bank
—
—
Pvc Compounders LLC
—
Deed Of Trust
related
$1,752,500 · Wells Fargo Credit Corp
—
—
Breen Color Concentrates INC
—
Deed Of Trust
related
$4,700,000 · Wells Fargo Business Credit
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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