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Property profile & analytics
OFF-MARKET
Commercial real estate
150 Allen Rd Basking Ridge, NJ 07920-2977
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0134761
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Lot
28 ac (1,219,680 SF)
Zoning code
E2
APN
02 11201-0000-00003
UPID
US59-0134761
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
-
LiteSpeed Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Concurrent Technologies Corporation (Bike/Boat/Book/etc) Store Corporate Office
-
The Power Locker Big Box & Wholesale Store
-
Kevin J Niederauer - Aflac Insurance Agent Insurance Agency
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stephen Horsfield · 10 yrs held
Stephen Horsfield
since 2016
5 recorded transactions
Zoning & alternative use
E2 · Basking Ridge, 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 Basking Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Basking Ridge 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$405,540
Tax year 2022
Assessed value
$14,666,200
Assessed 2023
Previous assessed
$20,166,100
-27.3% YoY
Effective rate
2.77%
On assessed value
Assessed land
$7,560,000
Assessed improvement
$7,106,200
Land market value
$7,560,000
Improvement market value
$7,106,200
Total market value
$14,666,200
Applied tax rate
2.0000
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
Year built
1989
Heating
NONE
Units
1
Lot
28 ac (1,219,680 SF)
Zoning code
E2
APN
02 11201-0000-00003
UPID
US59-0134761
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
E2 · Basking Ridge, NJZoning E2 · permitted uses
E2 · Basking Ridge, NJ
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
1989
Heating
NONE
Units
1
Lot
28 ac
Current owner
From public records · entity-resolved
Stephen Horsfield
Individual
Mailing address
20 COMMERCE DR STE #110, CRANFORD, NJ 07016-3617
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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 12, 2016
$619,000
Stephen Horsfield
Somerset Hills Builders INC
Grant Deed
$553,500 · Huntington Nat'l Bk
Jun 14, 2010
$17,250,000
150 Allen Road LLC
Realty Associates Fund Vii LP
Grant Deed
—
Jun 8, 2010
$17,250,000
150 Allen Road LLC
Realty Assn Fund Vii LP
Grant Deed
—
Sep 22, 2004
$15,881,200
Realty Associates Fund Vii
Us Bk National Assn
Grant Deed
related
—
—
—
150 Allen Road LLC
—
Deed Of Trust
related
$15,000,000 · Capital One
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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