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Property profile & analytics
OFF-MARKET
Estimated value
$39,460,000
Commercial real estate
211 Mt Airy Rd Basking Ridge, NJ 07920-2311
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-0435491
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1981
Total area
300,000 SF
Lot
51.96 ac (2,263,378 SF)
Zoning code
E4
APN
02 02301-0000-00029
UPID
US59-0435491
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
-
Dr. Alan L. Stricoff, DO Physician
-
Daiichi Sankyo, Inc. Factory Production Facility
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$48.88M
Blend (final)
Blend
$39.46M
Owner & transaction history
Rw 211 Mount Airy LLC · 9 yrs held
Rw 211 Mount Airy LLC
since 2017
7 recorded transactions
Zoning & alternative use
E4 · Basking Ridge, 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 Basking Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Basking Ridge 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$61,865,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$39.46M
Range $35.51M – $43.41M · ±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
$132 / 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
$985,209
Tax year 2022
Assessed value
$49,603,400
Assessed 2023
Previous assessed
$48,991,000
+1.3% YoY
Effective rate
1.99%
On assessed value
Assessed land
$7,250,000
Assessed improvement
$42,353,400
Land market value
$7,250,000
Improvement market value
$42,353,400
Total market value
$49,603,400
Applied tax rate
2.0000
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
Year built
1981
Heating
NONE
Stories
3
Units
1
Total area
300,000 SF
Lot
51.96 ac (2,263,378 SF)
Zoning code
E4
APN
02 02301-0000-00029
UPID
US59-0435491
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
E4 · Basking Ridge, NJ
Zoning E4 · permitted uses
E4 · Basking Ridge, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Basking Ridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$61.9M
OFFICE BUILDING
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
1981
Heating
NONE
Stories
3
Units
1
Lot
51.96 ac
Current owner
From public records · entity-resolved
Rw 211 Mount Airy LLC
Entity
Mailing address
999 WATERSIDE DR STE #2300, NORFOLK, VA 23510-3324
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
$98,500,000
Rw 211 Mount Airy LLC
Mount Airy Investors LLC
Deed
$65,000,000 · Wells Fargo Bank NA
Aug 10, 2016
—
Mount Airy Investors LLC
—
Deed
related
$38,500,000 · Wells Fargo Bk
Oct 2, 2013
$12,210,000
Mount Airy Investors LLC
Avaya INC
Grant Deed
$5,000,000 · Rpf II Lender 1 LLC
Oct 7, 2011
—
Avaya INC
—
Deed Of Trust
related
$335,000,000 · Citicorp USA Corp
Feb 19, 2010
—
Avaya INC
—
Deed Of Trust
related
—
Nov 1, 2007
—
Avaya INC
—
Deed Of Trust
related
$335,000,000 · Citicorp USA Corp
—
—
Mount Airy Investors LLC
—
Deed Of Trust
related
$5,000,000 · Rpf II Lender I LLC
—
—
Mount Airy Investors LLC
—
Loan Modification
related
$24,850,000 · Rpf Lender 1 LLC
—
—
Avaya INC
—
Deed Of Trust
related
—
—
—
Mount Airy Investors LLC
—
Loan Modification
related
$38,500,000 · Wells Fargo Bk
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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