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Property profile & analytics
OFF-MARKET
Estimated value
$6,595,000
Commercial real estate
185 Madisonville Rd Basking Ridge, NJ 07920-1007
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1348054
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
2,141 SF
Lot
111 ac (4,835,160 SF)
Zoning code
R1
APN
02 01701-0000-00012
UPID
US59-1348054
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
Current use
Occupant on record · Public records
-
Basking Ridge Golf Academy Training Center
-
Basking Ridge Country Club Catering Bar & Pub Golf Course
-
XXVI Tavern Restaurant
-
Basking Ridge Country Club Golf Course
-
XXVI Twenty - Six Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.60M
Owner & transaction history
Hgc Basking Ridge LLC · 4 yrs held
Hgc Basking Ridge LLC
since 2022
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
R1 · Basking Ridge, 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 Basking Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Basking Ridge 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
$7,130,000
ML approach
$7,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.60M
Range $5.94M – $7.25M · ±10% · vs last sale $6.00M (Jan 20 2022)
Last sale anchor
$6.00M
Jan 20 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
$3,080 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$161,078
Tax year 2023
Assessed value
$8,540,700
Assessed 2024
Previous assessed
$8,540,700
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,228,000
Assessed improvement
$6,312,700
Land market value
$2,228,000
Improvement market value
$6,312,700
Total market value
$8,540,700
Applied tax rate
2.0000
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
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Rooms
7
Total area
2,141 SF
Lot
111 ac (4,835,160 SF)
Zoning code
R1
APN
02 01701-0000-00012
UPID
US59-1348054
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R1 · Basking Ridge, NJ
Zoning R1 · permitted uses
R1 · Basking Ridge, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Basking Ridge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Rooms
7
Lot
111 ac
Current owner
From public records · entity-resolved
Hgc Basking Ridge LLC
Entity
Mailing address
13873 PARK CTR RD STE 203N, HERNDON, VA 20171-3223
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Apr 1, 2026
—
Hgc Basking Ridge LLC
—
Deed
related
—
Jan 20, 2022
$6,000,000
Hgc Basking Ridge LLC
Basking Ridge Country Club INC
Deed
$3,500,000 · Basking Ridg Country Club INC
—
—
Basking Ridge Country Club INC
—
Deed Of Trust
related
$4,300,000 · Capital One
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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