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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
2005 Burnt Mls Rd Bedminster, NJ 07921
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US59-3016708
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1919
Total area
2,726 SF
Lot
10.01 ac (436,036 SF)
Zoning code
VN
APN
01 00057-0000-00006
UPID
US59-3016708
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
$550k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$827k
Blend (final)
Blend
$695k
Owner & transaction history
Crossroads Business Center LLC · 12 yrs held
Crossroads Business Center LLC
since 2014
5 recorded transactions
Zoning & alternative use
VN · Bedminster, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Maximum Building Height. § 13-404.4 Area and Yard Requirements for the "MF" District. § 13-404.5 Minimum Off-Street Parking. § 13-404.6 Permitted Signs. § 13-404.7 Low and Moderate Income Housing Requirements. § 13-405 "VN" VILLAGE NEIGHBORHOOD. § 13-405.1 Principal Permitted Uses on the Land and in Buildings. § 13-405.2 Accessory Uses Permitted. § 13-405.3…
Zone name
Village Neighborhood
General category
RESIDENTIAL
Zone area
78.58 ac
Top alternative use upside
Commercial (general)
$695,000
+24.1%
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 Bedminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedminster 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
$550,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$560,000
Current use
COMMERCIAL (GENERAL)
$695,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$255 / 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
$242,266
Tax year 2022
Assessed value
$17,645,000
Assessed 2023
Previous assessed
$17,645,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$3,529,000
Assessed improvement
$14,116,000
Land market value
$3,529,000
Improvement market value
$14,116,000
Total market value
$17,645,000
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1919
Heating
NONE
Stories
2
Units
1
Rooms
10
Bathrooms
1
Total area
2,726 SF
Lot
10.01 ac (436,036 SF)
Zoning code
VN
APN
01 00057-0000-00006
UPID
US59-3016708
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
VN · Bedminster, NJZoning VN · permitted uses
VN · Bedminster, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Maximum Building Height. § 13-404.4 Area and Yard Requirements for the "MF" District. § 13-404.5 Minimum Off-Street Parking. § 13-404.6 Permitted Signs. § 13-404.7 Low and Moderate Income Housing Requirements. § 13-405 "VN" VILLAGE NEIGHBORHOOD. § 13-405.1 Principal Permitted Uses on the Land and in Buildings. § 13-405.2 Accessory Uses Permitted. § 13-405.3 Maximum Building Height. § 13-405.3A Maximum Building Size. § 13-405.4 Area and Ya
Zone name
Village Neighborhood
General category
RESIDENTIAL
Zone area
78.58 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$560,000
COMMERCIAL (GENERAL)
Est. value
$695,000
OFFICE BUILDING 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
1919
Heating
NONE
Stories
2
Units
1
Rooms
10
Bathrooms
1
Lot
10.01 ac
Current owner
From public records · entity-resolved
Crossroads Business Center LLC
Entity
Mailing address
47 PARSIPPANY RD #30, WHIPPANY, NJ 07981-1422
Ownership since
2014
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
May 20, 2014
$3,145,000
Crossroads Business Center LLC
Crossroads Nj LLC
Grant Deed
—
May 1, 2007
$28,460,000
Crossroads Nj LLC
Crossroads Business Ctr Assocs
Grant Deed
—
Mar 16, 1990
$3,450,000
Crossroads Business Center Assoc
Unknown
Grant Deed
—
—
—
Crossroads Nj LLC
—
Deed Of Trust
related
$16,000,000 · Wells Fargo Bank
—
—
Crossroads Business Ctr Assocs
—
Deed Of Trust
related
$14,500,000 · Pnc 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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