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Property profile & analytics
OFF-MARKET
Estimated value
$9,800,000
Commercial real estate
178 Church Rd Franklin, NJ 07416-1207
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-3136443
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1926
Total area
960 SF
Lot
3.38 ac (147,233 SF)
Zoning code
I-2
APN
11 00062-0000-00018- 17
UPID
US59-3136443
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
$9.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.80M
Owner & transaction history
Miss Franklin LLC · 2 yrs held
Miss Franklin LLC
since 2024
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
I-2 · Franklin, 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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
$9,800,000
ML approach
$9,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.80M
Range $8.82M – $10.78M · ±10% · vs last sale $9.80M (Mar 25 2024)
Last sale anchor
$9.80M
Mar 25 2024
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
$10,208 / 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
$97,011
Tax year 2022
Assessed value
$3,245,600
Assessed 2023
Previous assessed
$3,245,600
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$269,000
Assessed improvement
$2,976,600
Land market value
$269,000
Improvement market value
$2,976,600
Total market value
$3,245,600
Applied tax rate
11.0000
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
1926
Heating
NONE
Total area
960 SF
Lot
3.38 ac (147,233 SF)
Zoning code
I-2
APN
11 00062-0000-00018- 17
UPID
US59-3136443
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Franklin, NJ
Zoning I-2 · permitted uses
I-2 · Franklin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1926
Heating
NONE
Lot
3.38 ac
Current owner
From public records · entity-resolved
Miss Franklin LLC
Entity
Mailing address
178 N CHURCH RD, HARDYSTON, NJ
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2024
$9,800,000
Miss Franklin LLC
Jfb Enterprises LLC
Bargain And Sale Deed
$8,750,000 · Citi Real Estate Funding INC
Oct 10, 2019
—
Jfb Ents LLC
—
Trustees Deed
related
$1,200,000 · Lakeland Bk
Jun 23, 2006
$1
Jfb Ents LLC
Brett,jonathan F & Allison
Grant Deed
related
—
Jun 9, 2005
$330,000
Jonathan F Brett
Riverdale Quarry Co INC
Grant Deed
—
—
—
Jfb Ents LLC
—
Deed Of Trust
related
$700,000 · Republic Bank
—
—
Jfb Ents LLC
—
Deed Of Trust
related
$2,727,439 · Summitbridge National Investme
—
—
Jfb Ents LLC
—
Deed Of Trust
related
$2,826,000 · Yardville National Bank
—
—
Jfb Ents LLC
—
Deed Of Trust
related
$200,000 · Republic Bank
—
—
Jfb Ents LLC
—
Deed Of Trust
related
$2,830,000 · Lakeland Bk
—
—
Jfb Ents LLC
—
Deed Of Trust
related
$2,000,000 · Republic 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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