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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Office buildings
1590 Rte 206 Bedminster, NJ 07921
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1582373
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
4,200 SF
Lot
0.98 ac (42,689 SF)
Zoning code
OP
APN
01 00027-0000-00009
UPID
US59-1582373
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
$1.06M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.15M
Owner & transaction history
1590 Route 206 North LLC · 21 yrs held
1590 Route 206 North LLC
since 2005
4 recorded transactions
Zoning & alternative use
OP · Bedminster, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Height. § 13-406.4 Area and Yard Requirements for the "OR" District. § 13-406.5 General Requirements. § 13-406.6 Minimum Off-Street Parking. § 13-406.7 Minimum Off-Street Loading. § 13-406.8 Permitted Signs. § 13-406A "OP" PROFESSIONAL AND GENERAL OFFICE. § 13-406A.1 Permitted Principal Uses on the Land and in Buildings. § 13-406A.2 Accessory Uses Permitted.…
Zone name
Professional And General Office
General category
UNKNOWN
Zone area
19.37 ac
Top alternative use upside
Commercial (general)
$1.1M
+24.1%
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 Bedminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedminster 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%
$1,140,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$865,000
Current use
COMMERCIAL (GENERAL)
$1,075,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$273 / 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
$14,705
Tax year 2022
Assessed value
$1,218,000
Assessed 2023
Previous assessed
$1,071,000
+13.7% YoY
Effective rate
1.21%
On assessed value
Assessed land
$420,000
Assessed improvement
$798,000
Land market value
$420,000
Improvement market value
$798,000
Total market value
$1,218,000
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
4,200 SF
Lot
0.98 ac (42,689 SF)
Zoning code
OP
APN
01 00027-0000-00009
UPID
US59-1582373
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OP · Bedminster, NJZoning OP · permitted uses
OP · Bedminster, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Height. § 13-406.4 Area and Yard Requirements for the "OR" District. § 13-406.5 General Requirements. § 13-406.6 Minimum Off-Street Parking. § 13-406.7 Minimum Off-Street Loading. § 13-406.8 Permitted Signs. § 13-406A "OP" PROFESSIONAL AND GENERAL OFFICE. § 13-406A.1 Permitted Principal Uses on the Land and in Buildings. § 13-406A.2 Accessory Uses Permitted. § 13-406A.3 Maximum Building Height. § 13-406A.4 Area and Yard Requirements for
Zone name
Professional And General Office
General category
UNKNOWN
Zone area
19.37 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
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
Year built
2006
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
1590 Route 206 North LLC
Entity
Mailing address
12 NORMANDY CT, BASKING RIDGE, NJ 07920-1905
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2005
—
1590 Route 206 North LLC
—
Trustees Deed
related
$1,016,000 · Peapack Gladstone Bank
—
—
1590 Route 206 North LLC
—
Deed Of Trust
related
$240,000 · Peapack Gladstone Bank
—
—
1590 Route 206 North LLC
—
Deed Of Trust
related
$955,343 · Peapack Gladstone Bank
—
—
1590 Route 206 North LLC
—
Deed Of Trust
related
$914,000 · Somerset Hills 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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