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Property profile & analytics
FOR LEASE
Commercial real estate
16 Brg St #2 Milford, NJ 08848
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2120441
For Lease
1 / 8
$1,700/Mo
16 Brg St #2, Milford, NJ 08848
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Lot
0.07 ac (3,200 SF)
Zoning code
BUS
APN
20 00014-0000-00004
UPID
US59-2120441
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
16 Bridge St LLC · 5 yrs held
16 Bridge St LLC
since 2021
Last sale
$110,100
3 recorded transactions
Zoning & alternative use
BUS · Milford, 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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$8,554
Tax year 2022
Assessed value
$233,400
Assessed 2023
Previous assessed
$233,400
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$63,900
Assessed improvement
$169,500
Land market value
$63,900
Improvement market value
$169,500
Total market value
$233,400
Applied tax rate
20.0000
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
For Lease
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.07 ac (3,200 SF)
Zoning code
BUS
APN
20 00014-0000-00004
UPID
US59-2120441
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
BUS · Milford, NJ
Zoning BUS · permitted uses
BUS · Milford, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
16 Bridge St LLC
Entity
Mailing address
PO BOX 418, MARTINSVILLE, NJ 08836-0418
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
Not Available From The Data Source
—
Deed
related
$315,000 · Mortgage Funding 01 LLC
Feb 4, 2021
$119,900
16 Bridge St LLC
Carol Beane
Deed
$305,625 · Foundation Cref Funding LLC
Feb 4, 2021
$110,100
12 Creek Rd LLC
Carol Beane
Deed
$305,625 · Foundation Cref Funding LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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