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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Commercial real estate
2 Main St Pennington, NJ 08534-2218
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0349388
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
9,464 SF
Lot
0.18 ac (7,897 SF)
Zoning code
B-R
APN
08 00205-0000-00025
UPID
US59-0349388
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
-
VSclean (Bike/Boat/Book/etc) Store
-
Vito's Pizza Restaurant
-
The Village Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
2 6 Main St LLC · 3 yrs held
2 6 Main St LLC
since 2023
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
B-R · Pennington, 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 Pennington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pennington 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
$2,125,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,785,000
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $2.30M (Apr 4 2023)
Last sale anchor
$2.30M
Apr 4 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
$226 / 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
$28,207
Tax year 2022
Assessed value
$995,300
Assessed 2023
Previous assessed
$995,300
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$200,000
Assessed improvement
$795,300
Land market value
$200,000
Improvement market value
$795,300
Total market value
$995,300
Applied tax rate
8.0000
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
BRICK
Heating
NONE
Stories
3
Units
1
Total area
9,464 SF
Lot
0.18 ac (7,897 SF)
Zoning code
B-R
APN
08 00205-0000-00025
UPID
US59-0349388
Jurisdiction
MERCER
Zoning & alternative use
B-R · Pennington, NJ
Zoning B-R · permitted uses
B-R · Pennington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pennington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
2 6 Main St LLC
Entity
Mailing address
17 MAIN ST STE #404, ROBBINSVILLE, NJ 08691-1436
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
$2,300,000
2 6 Main St LLC
Casano Management LLC
Bargain And Sale Deed
$562,500 · William Penn Bank Fsb
—
—
Casano Management LLC
—
Deed Of Trust
related
$296,800 · Hopewell Valley Community Bank
—
—
Casano Management LLC
—
Deed Of Trust
related
$120,000 · Sun National Bank
—
—
Casano Management LLC
—
Deed Of Trust
related
$900,000 · Hopewell Vly Cmnty Bk
—
—
Casano Management LLC
—
Deed Of Trust
related
$300,000 · Hopewell Valley Community Bank
—
—
Casano Management LLC
—
Deed Of Trust
related
$260,000 · Hopewell Valley Community 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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