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Property profile & analytics
OFF-MARKET
Commercial real estate
200 Franklin Sq Dr Somerset, NJ 08873-4181
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US59-3105983
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
TYPE NOT SPECIFIED
Total area
654 SF
Lot
12.19 ac (531,014 SF)
Zoning code
CB
APN
08 00502- 02-00039- 06
UPID
US59-3105983
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Franklin Square 200 LLC
Franklin Square 200 LLC
since 2025
Last sale
$7.2M
5 recorded transactions
Zoning & alternative use
CB · Somerset, 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 Somerset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerset 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$458,550
Tax year 2022
Assessed value
$22,500,000
Assessed 2023
Previous assessed
$22,500,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$3,219,000
Assessed improvement
$19,281,000
Land market value
$3,219,000
Improvement market value
$19,281,000
Total market value
$22,500,000
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
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Units
1
Total area
654 SF
Lot
12.19 ac (531,014 SF)
Zoning code
CB
APN
08 00502- 02-00039- 06
UPID
US59-3105983
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
CB · Somerset, NJZoning CB · permitted uses
CB · Somerset, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
4
Units
1
Lot
12.19 ac
Current owner
From public records · entity-resolved
Franklin Square 200 LLC
Entity
Mailing address
2340 COLLINS AVE STE #700, MIAMI BEACH, FL 33139-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
$7,208,625
Franklin Square 200 LLC
Wbcmt 2005 C21 Franklin Square LLC
Deed
$5,200,000 · Genesis Capital One LLC Isaoa Atima
Oct 13, 2022
—
Wbcmt 2005 C21 Franklin Square LLC
200 Franklin Trust
Correction Deed
related
—
May 5, 2022
—
Wbcmt 2005 C21 Franklin Square LLC
200 Franklin Trust
Deed In Lieu Of Foreclosure
related
—
Jul 23, 2008
—
Philips Electronics NA
E & J Equities LLC
Quit Claim Deed
related
—
Sep 8, 2005
$50,250,000
200 Franklin Trust
200 Franklin Owner Corp
Grant Deed
related
$41,000,000 · Nomura Credit & Capital INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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