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Property profile & analytics
OFF-MARKET
Estimated value
$125,000
Medical Office Space
166 Bunn Dr Ste 106 Princeton, NJ 08540-2800
Individually Owned
3-yr Hold
Free & Clear
Property ID
US59-2029307
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
1,028 SF
Lot
5.61 ac (244,372 SF)
Zoning code
OR2
APN
14 05501-0000-00010- 106
UPID
US59-2029307
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
$140k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$125k
Owner & transaction history
Logicgate Technologies Incorporated · 3 yrs held
Logicgate Technologies Incorporated
since 2022
Last sale
$115,000
3 recorded transactions
Zoning & alternative use
OR2 · Princeton, 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 Princeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princeton 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
$125,000
ML approach
$140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$125k
Range $113k – $138k · ±10% · vs last sale $115k (Nov 21 2022)
Last sale anchor
$115k
Nov 21 2022
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
$122 / 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
$6,233
Tax year 2022
Assessed value
$219,600
Assessed 2023
Previous assessed
$256,300
-14.3% YoY
Effective rate
2.84%
On assessed value
Assessed land
$91,100
Assessed improvement
$128,500
Land market value
$91,100
Improvement market value
$128,500
Total market value
$219,600
Applied tax rate
14.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Units
1
Total area
1,028 SF
Lot
5.61 ac (244,372 SF)
Zoning code
OR2
APN
14 05501-0000-00010- 106
UPID
US59-2029307
Jurisdiction
MERCER
Zoning & alternative use
OR2 · Princeton, NJZoning OR2 · permitted uses
OR2 · Princeton, 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
Heating
NONE
Units
1
Lot
5.61 ac
Current owner
From public records · entity-resolved
Logicgate Technologies Incorporated
Individual
Free & Clear · 3 yrs held
Mailing address
166 BUNN DR STE #106, PRINCETON, NJ 08540-2800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Nov 21, 2022
$115,000
Logicgate Technologies Incorporated
Princeton Corporate Health Services
Bargain And Sale Deed
—
Dec 20, 2005
$262,500
Endocrinology Associ Princeton
Bueno,jeffrey & Bertha
Grant Deed
$300,000 · Sovereign Bank
—
—
Princeton Endocrinology Associ
—
Deed Of Trust
related
$100,000 · New Millennium 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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