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Property profile & analytics
OFF-MARKET
Estimated value
$2,240,000
Industrial properties
24 Arnett Ave, Lambertville, NJ 08530-1500
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US59-1231337
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
BRICK
Total area
14,429 SF
Lot
2.2 ac (95,832 SF)
Zoning code
COM
APN
17 01006-0000-00001
UPID
US59-1231337
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
$2.49M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.24M
Owner & transaction history
Route 12-1 Properties LLC · 14 yrs held
Route 12-1 Properties LLC
since 2011
7 recorded transactions
Zoning & alternative use
COM · Lambertville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+105.0%
Apartment house (5+ units)
$1.8M
+35.0%
Commercial (general)
$1.7M
+28.3%
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 Lambertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lambertville 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%
$2,700,000
6.5%
$2,490,000
7%
$2,315,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,345,000
Current use
OFFICE BUILDING
$2,755,000
Change: +105% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,815,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,725,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±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
$155 / 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
$71,564
Tax year 2022
Assessed value
$3,138,000
Assessed 2023
Previous assessed
$3,138,000
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$775,000
Assessed improvement
$2,363,000
Land market value
$775,000
Improvement market value
$2,363,000
Total market value
$3,138,000
Applied tax rate
17.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
14,429 SF
Lot
2.2 ac (95,832 SF)
Zoning code
COM
APN
17 01006-0000-00001
UPID
US59-1231337
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
COM · Lambertville, NJ
Zoning COM · permitted uses
COM · Lambertville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lambertville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Route 12-1 Properties LLC
Entity
Mailing address
280 RDG RD, FRENCHTOWN, NJ 08825-4107
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2016
—
Route 12-1 Properties LLC
—
Deed
related
$2,375,000 · Unity Bk
Oct 19, 2011
$4,000,000
Route 12-1 Properties LLC
Diamond Silver LLC
Grant Deed
$1,800,000 · Td Bank NA
Mar 20, 2006
—
Diamond Silver LLC
—
Trustees Deed
related
$950,000 · First Nat'l Bk & Tr Newtown
—
—
Diamond Silver LLC
—
Deed Of Trust
related
$9,100,000 · Third Federal Bank
—
—
Route 12-1 Properties LLC
—
Deed Of Trust
related
$63,000 · Td Bk NA
—
—
Route 12-1 Properties LLC
—
Deed Of Trust
related
$2,375,000 · Unity Bk
—
—
Diamond Silver LLC
—
Deed Of Trust
related
$3,800,000 · Commerce Bank NA
—
—
Diamond Silver LLC
—
Deed Of Trust
related
$250,000 · Bucks Cnty Bk&tr
—
—
National Penn Bank
—
Deed Of Trust
related
$850,000 · Diamond Silver LLC
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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