Trust Owned 
For Sale
1 / 18
$2,900,000
2 Lindbergh Rd, East Amwell Twp, NJ 08551
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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
Current use
Occupant on record · Public records
-
Physician Medical Clinic
-
Tour Operator
Location
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
since 2021
3 recorded transactions
Zoning & alternative use
VAL · Ringoes, NJ
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.33M
Value range
$1.20M – $1.46M
±10% around blend
Estimated value / SF
$124 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$1.20M
blend $1.33M
$1.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,705 SF
Lot area
2.01 ac
Year built
1850
Stories
2
APN
08 00034-0000-00037
Zoning
VAL
Assessed value
$1,187,300
Annual tax
$30,787
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$30,787
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.31M
Range $1.23M – $2.59M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.33M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 24 sales
$176
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $124/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.68%
Selected cap rate for this residential income homes
Derived from the East Amwell Twp market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.68%
9.0%
NOI (est.)
$165k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.90M
Move the market yield to see immediate price impact.
Value / SF
$271
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.18%5.68%6.18%
$148k
$2.86M
$2.61M
$2.40M
$165k
$3.18M
$2.90M
$2.66M
$181k
$3.50M
$3.19M
$2.93M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
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, NJZoning VAL · permitted uses
VAL · Ringoes, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
VAL
Jurisdiction
Ringoes, NJ
Recorded code
VAL
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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