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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Commercial real estate
2 Main St Stockton, NJ 08559-2120
Entity Owned
~
Est. High Equity
Property ID
US59-1020418
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
9,942 SF
Lot
1.66 ac (72,310 SF)
Zoning code
CR
APN
23 00008-0000-00008
UPID
US59-1020418
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
-
Stockton Borough Hall Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.15M
Owner & transaction history
Stockton Partners LLC
Stockton Partners LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CR · Stockton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to promote mix of commercial and residential uses
Zone name
Commercial Residential
General category
COMMERCIAL
Zone area
35.53 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$1.7M
+5.7%
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 Stockton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stockton 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
$735,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,650,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,745,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.19M (Jul 14 2022)
Last sale anchor
$1.19M
Jul 14 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
$115 / 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
$32,726
Tax year 2022
Assessed value
$1,454,300
Assessed 2023
Previous assessed
$1,454,300
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$870,000
Assessed improvement
$584,300
Land market value
$870,000
Improvement market value
$584,300
Total market value
$1,454,300
Applied tax rate
23.0000
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
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
2
Units
1
Total area
9,942 SF
Lot
1.66 ac (72,310 SF)
Zoning code
CR
APN
23 00008-0000-00008
UPID
US59-1020418
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CR · Stockton, NJZoning CR · permitted uses
CR · Stockton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to promote mix of commercial and residential uses
Zone name
Commercial Residential
General category
COMMERCIAL
Zone area
35.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Stockton Partners LLC
Entity
Mailing address
6520 N MEETINGHOUSE RD, NEW HOPE, PA 18938-5644
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2025
—
Stockton Partners LLC
Stockton Partners LLC
Deed
related
—
Jun 14, 2024
—
Stockton Partners LLC
Stockton Partners LLC
Intrafamily Transfer
related
—
Jul 14, 2022
$1,185,000
Stockton Partners LLC
Millett Properties LLC
Deed
—
Jun 29, 2012
$730,000
Millett Properties LLC
Strackhouse Inn LLC
Grant Deed
—
Jun 29, 2012
$300,000
Millett Properties LLC
Strackhouse Inn LLC
Grant Deed
—
Dec 11, 2008
$15,000
David L Pasicznyk
Macdonald,kevin R
Grant Deed
—
May 10, 2006
$1,725,000
Strackhouse Inn LLC
1 Main Street Group LLC
Grant Deed
—
—
—
Strackhouse Inn LLC
—
Deed Of Trust
related
$605,000 · New Jersey Business Fin Co
—
—
Stockton Inn
—
Deed Of Trust
related
$980,000 · Interstate Net Bank
—
—
Stockton Inn
—
Deed Of Trust
related
$400,000 · Interstate Net Bank
—
—
Stockton Inn
—
Deed Of Trust
related
$605,000 · Interstate Net 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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