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Property profile & analytics
OFF-MARKET
Estimated value
$10,650,000
Industrial properties
110 Belmont Dr 120 Somerset, NJ 08873-1204
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0642407
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
9,950 SF
Lot
7.85 ac (341,772 SF)
Zoning code
M1
APN
08 00528- 04-00019- 32
UPID
US59-0642407
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
$9.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.80M
Blend (final)
Blend
$10.65M
Owner & transaction history
Harbor Group A New Jersey Partnersh · 3 yrs held
Harbor Group A New Jersey Partnersh
since 2023
Last sale
$12.4M
5 recorded transactions
Zoning & alternative use
M1 · Somerset, 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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
$11,140,000
ML approach
$9,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.65M
Range $9.59M – $11.72M · ±10% · vs last sale $12.40M (Apr 5 2023)
Last sale anchor
$12.40M
Apr 5 2023
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
$1,070 / 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
$187,496
Tax year 2022
Assessed value
$9,200,000
Assessed 2023
Previous assessed
$9,200,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$2,355,000
Assessed improvement
$6,845,000
Land market value
$2,355,000
Improvement market value
$6,845,000
Total market value
$9,200,000
Applied tax rate
8.0000
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
Stories
1
Units
1
Total area
9,950 SF
Lot
7.85 ac (341,772 SF)
Zoning code
M1
APN
08 00528- 04-00019- 32
UPID
US59-0642407
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
M1 · Somerset, NJ
Zoning M1 · permitted uses
M1 · Somerset, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somerset. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Units
1
Lot
7.85 ac
Current owner
From public records · entity-resolved
Harbor Group A New Jersey Partnersh
Entity
Free & Clear · 3 yrs held
Mailing address
4301ST NEW BRUNSWICK AVE, SOUTH PLAINFIELD, NJ 07080-1224
Ownership since
2023
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
Apr 5, 2023
—
Harbor Group A New Jersey Partnersh
130 Belmont LLC
Intrafamily Transfer
related
—
Sep 8, 2022
—
Harbor Group
The Harbor Group
Correction Deed
related
—
Apr 11, 2005
$12,400,000
Harbor Group
Belmont Drive Associates
Grant Deed
$6,900,000 · Mortgage Electronic Reg Sys
Sep 15, 2004
—
Yardville National Bank
Belmont Drive Associates
Grant Deed
related
—
—
—
Belmont Drive Associates
—
Deed Of Trust
related
$7,200,000 · Yardville National 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.
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