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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Commercial real estate
176 Us Hwy 206 Hillsborough, NJ 08844-4123
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1374454
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
14,848 SF
Lot
1 ac (43,560 SF)
Zoning code
I1
APN
10 00142-0000-00026- 02
UPID
US59-1374454
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
$2.90M
CAP Approach
CAP
$3.84M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.95M
Owner & transaction history
176 Us Highway 206 LLC · 2 yrs held
176 Us Highway 206 LLC
since 2023
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
I1 · Hillsborough, 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 Hillsborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsborough 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
$2,910,000
ML approach
$2,900,000
CAP Approach
CAP Return
Estimation
6%
$4,160,000
6.5%
$3,840,000
7%
$3,565,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,075,000
Current use
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±10% · vs last sale $3.00M (Sep 15 2023)
Last sale anchor
$3.00M
Sep 15 2023
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
$199 / 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
$21,057
Tax year 2022
Assessed value
$943,000
Assessed 2023
Previous assessed
$943,000
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$330,100
Assessed improvement
$612,900
Land market value
$330,100
Improvement market value
$612,900
Total market value
$943,000
Applied tax rate
10.0000
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
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
14,848 SF
Lot
1 ac (43,560 SF)
Zoning code
I1
APN
10 00142-0000-00026- 02
UPID
US59-1374454
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I1 · Hillsborough, NJ
Zoning I1 · permitted uses
I1 · Hillsborough, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
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
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
176 Us Highway 206 LLC
Entity
Mailing address
10 BUSHES LN, ELMWOOD PARK, NJ 07407-3204
Ownership since
2023
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
Sep 15, 2023
$3,000,000
176 Us Highway 206 LLC
Licoln And Madison Associates INC
Deed
$2,250,000 · Vast Bank NA
Sep 5, 2012
$995,000
Lincoln & Madison Assocs INC
Roxie LLC
Grant Deed
$849,720 · Roxie LLC
Jan 7, 1988
$385,000
Holbar Properties
Unknown
Grant Deed
—
—
—
Lincoln & Madison Assocs INC
—
Deed Of Trust
related
$698,000 · Bank Of America
—
—
Roxie LLC
—
Deed Of Trust
related
$200,000 · Commerce Bank NA
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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