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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Residential income homes
2 Lindbergh Rd, Ringoes, NJ 08551-1516
Trust Owned
5-yr Hold
Property ID
US59-2086828
Property summary
AI-generated overview
Exceptional investment opportunity in Ringoes, NJ! This meticulously maintained, 10,705 square foot multi-family property, constructed in 2015, sits on a 2.01-acre lot. The building comprises 13 thoughtfully designed apartments: 12 in the main building and 1 in a separate carriage house. The unit mix includes six one-bedroom and six two-bedroom apartments, offering a diverse rental portfolio. High-quality finishes throughout include maple wood floors, Anderson windows, and Corian countertops. Designed with sustainability in mind, the building boasts a low carbon footprint, resulting in reduced operating costs. Each unit features a kitchen, living room, and full bath
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1850
Construction
FRAME
Total area
10,705 SF
Lot
2.01 ac (87,556 SF)
Zoning code
VAL
APN
08 00034-0000-00037
UPID
US59-2086828
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
-
Nadine Heitz Physician Medical Clinic
-
Historic Wertsville Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.33M
Owner & transaction history
Plan Be Spendthrift Trust · 5 yrs held
Plan Be Spendthrift Trust
since 2021
3 recorded transactions
Zoning & alternative use
VAL · Ringoes, 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 Ringoes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ringoes 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,880,000
Current use
COMMERCIAL (GENERAL)
$1,780,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10%
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
$124 / 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
$30,787
Tax year 2022
Assessed value
$1,187,300
Assessed 2023
Previous assessed
$1,187,300
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$210,100
Assessed improvement
$977,200
Land market value
$210,100
Improvement market value
$977,200
Total market value
$1,187,300
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1850
Construction
FRAME
Heating
NONE
Stories
2
Units
2
Total area
10,705 SF
Lot
2.01 ac (87,556 SF)
Zoning code
VAL
APN
08 00034-0000-00037
UPID
US59-2086828
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
VAL · Ringoes, NJ
Zoning VAL · permitted uses
VAL · Ringoes, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ringoes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1850
Construction
FRAME
Heating
NONE
Stories
2
Units
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Plan Be Spendthrift Trust
Trust
Mailing address
2362 OLD HWY 99TH RD S, ASHLAND, OR 97520-8739
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, 2021
—
Plan Be Spendthrift Trust
Jeffry K Robertson
Deed
—
Feb 17, 2021
—
Jeffry K Robertson
Eric Associates INC
Deed
—
—
—
Eric Associates INC
—
Deed Of Trust
related
$150,000 · Thomas E Woodman
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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