Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    128 Franklin St Hightstown, NJ 08520-3222

    • Commercial real estate
    • 1,694 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0907249
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 128 Franklin St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property size
    1,694 SF
    Zone code
    DTG
    Property type
    Commercial real estate
    APN
    04 00028-0000-00002- 01
    APU
    40002800000000201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hightstown
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.5215
    Latitude
    40.27
    CBSA code
    45940
    CBSA name
    TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,419
    $94,100
    $128,300
    $222,400
    -
    $94,100
    $128,300
    $222,400

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      126 Main St

      COMMERCIAL (GENERAL) • 0.01 Acres
      126 Main St, Hightstown, NJ 08520-3247
      View Details
    • Value Estimation by Request
      1.00 Acre

      1405 Us Hwy 130

      COMMERCIAL (GENERAL) • 1.00 Acre
      1405 Us Hwy 130, Hightstown, NJ 08520-2800
      View Details
    • Value Estimation by Request
      12.44 Acres

      106 Voelbel Rd

      COMMERCIAL (GENERAL) • 12.44 Acres
      106 Voelbel Rd, Hightstown, NJ 08520-2808
      View Details
    • Value Estimation
      $5,070,000
      45,614 SF

      384 Monmouth St

      COMMERCIAL (GENERAL) • 45,614 SF
      384 Monmouth St, East Windsor, NJ 08520-5001
      View Details
    • Value Estimation
      $695,000
      3,265 SF

      18 Princeton Hightstown Rd

      COMMERCIAL (GENERAL) • 3,265 SF
      18 Princeton Hightstown Rd, East Windsor, NJ 08520-1909
      View Details
    • Value Estimation
      $1,910,000
      16,340 SF

      90 Lk Dr

      COMMERCIAL (GENERAL) • 16,340 SF
      90 Lk Dr, East Windsor, NJ 08520-5321
      View Details

    Similar Nearby for Sale

    • $295,000
      0.36 Acres

      Prime East Windsor Commercial Land

      0.36-acre lot, high visibility, NJ Turnpike access
      245 Princeton Hightstown Rd, East Windsor, NJ 08520
      View Details
    • $425,000

      Completely Rebuilt Two-Bedroom Townhouse

      Totally rebuilt two-bedroom townhouse with new features and convenient location.
      140 Bennington Dr, East Windsor, NJ 08520
      View Details
    • $120,000

      Updated Two-Bedroom Mobile Home

      Affordable, updated two-bedroom mobile home in a 55+ community.
      4 South Dr, East Windsor, NJ 08520
      View Details
    • $2,000,000
      5.13 Acres

      Sub-dividable Land in HIGHTSTOWN, NJ

      Over 7 acres of sub-dividable land with utilities available.
      336 Monmouth St, Hightstown, NJ 08520
      View Details
    • $1,600,000

      Profitable Bar and Restaurant Business

      Established bar and restaurant with liquor license for sale.
      Us-130 Hwy, East Windsor, NJ 08520
      View Details
    • Contact for pricing
      1,600 SF

      Prime Office Space on Main

      Office space with natural light, open floor plan, private bathroom.
      114 Main St, Hightstown, NJ 08520
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      47,712 SF Freestanding Building

      Freestanding building available for lease near NJ Turnpike Exit 8.
      East Windsor, NJ 08520
      View Details
    • $9 SF/Yr
      4,638 SF

      Route 33 Highway Retail Center

      High-traffic retail space, ample parking.
      433 Rte 33 Hwy, Hightstown, NJ 08520
      View Details
    • Contact for pricing
      77,081 SF

      East Windsor Retail Center - For Lease

      Prime Retail Space, East Windsor, NJ
      370 Rte 130, East Windsor, NJ 08520
      View Details
    • $29 SF/Yr
      25,870 SF

      Royal Plaza Office Suites

      East Windsor, NJ Office Space Available
      510 Us Highway 130, East Windsor, NJ 08520
      View Details
    • $3,695 /Mo

      Apartment Building For Rent

      Apartment building available for rent.
      572 Rte, East Windsor, NJ 08520
      View Details
    • Contact for pricing
      1,010 SF

      East Windsor Retail Space Available

      Neighborhood strip center with retail and office spaces for rent.
      510 Us Highway 130, E Windsor, NJ 08520
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    128 Franklin St
    Hightstown, NJ 08520-3222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.