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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Commercial real estate
12 Main St Pennington, NJ 08534-2225
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-2776117
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
11,238 SF
Zoning code
B-R
APN
08 00205-0000-00022
UPID
US59-2776117
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
-
360 Tech Solutions, LLC Home Appliance Store IT Consulting Firm
-
Saphire Albarran Archtr LLC Architect
-
Metricon Corporation Industrial Manufacturer Production Facility
-
Sumo Sushi - Pennington Restaurant
-
Atom Property Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$785k
Blend (final)
Blend
$1.24M
Owner & transaction history
12 N Main Street Pennington Nj LLC · 2 yrs held
12 N Main Street Pennington Nj LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
B-R · Pennington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+2.4%
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 Pennington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pennington 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
$1,235,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,245,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,270,000
Change: +2% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,195,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.24M (Jan 29 2024)
Last sale anchor
$1.24M
Jan 29 2024
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
$110 / 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
$35,139
Tax year 2022
Assessed value
$1,239,900
Assessed 2023
Previous assessed
$1,239,900
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$192,500
Assessed improvement
$1,047,400
Land market value
$192,500
Improvement market value
$1,047,400
Total market value
$1,239,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Total area
11,238 SF
Zoning code
B-R
APN
08 00205-0000-00022
UPID
US59-2776117
Jurisdiction
MERCER
Zoning & alternative use
B-R · Pennington, NJ
Zoning B-R · permitted uses
B-R · Pennington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pennington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Current owner
From public records · entity-resolved
12 N Main Street Pennington Nj LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1 N MAIN ST, PENNINGTON, NJ 08534-2217
Ownership since
2024
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
Jan 29, 2024
$1,235,000
12 N Main Street Pennington Nj LLC
S A Pennington LLC
Deed
—
Apr 20, 2020
—
S & A Pennington LLC
—
Deed
related
$135,474 · Saphire Joseph (es)
Feb 14, 2008
$1,400,000
S & A Pennington LLC
Pennington Place Associates
Grant Deed
$1,190,000 · Pnc Bank
—
—
S & A Pennington LLC
—
Deed Of Trust
related
$135,474 · Saphire Joseph (es)
—
—
S & A Pennington LLC
—
Deed Of Trust
related
$1,360,000 · Roma 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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