Individually Owned Property summary
AI-generated overview
The property is a mixed-use building in Readington Township, New Jersey, with a combined footprint of 2,899 square feet on a 0.55-acre lot. It includes a 2-bedroom, 1-bath apartment and approximately 2,300 square feet of commercial space. The commercial area retains infrastructure associated with a prior eatery, including a walk-in cooler, walk-in freezer, and a kitchen area. The site is served by a well and public sewer; public water and natural gas are available in the area, and the well system has a replaced well pump intended to support high water pressure. The building is located in a commercial setting across the street from the U.S. Post Office, and the commercial space is configured for potential retail or food-related uses such as a store, pizza place, or convenience shop.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
2,899 SF
Lot
0.55 ac (23,958 SF)
Zoning code
VR
APN
22 00089-0000-00003
UPID
US59-1629614
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$155k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$185k
Owner & transaction history
since 2021
Last sale
$185,000
3 recorded transactions
Zoning & alternative use
VR · Three Bridges, NJ
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$185k
Value range
$167k – $204k
±10% around blend
Estimated value / SF
$64 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
50
$167k
blend $185k
$204k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,899 SF
Lot area
0.55 ac
Year built
1950
APN
22 00089-0000-00003
Zoning
VR
Assessed value
$290,000
Annual tax
$7,343
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$719k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.5 mi away · 2,856 SF
8.3 mi away · 3,070 SF
9.5 mi away · 3,276 SF
10.0 mi away · 2,844 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$185k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 235 sales
$166
-62%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $64/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$185k
Move the market yield to see immediate price impact.
Value / SF
$64
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$12k
$233k
$166k
$130k
$13k
$259k
$185k
$144k
$14k
$285k
$203k
$158k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$285k
3.5 mi · Sep 2025 · $80/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,343
Tax year 2022
Assessed value
$290,000
Assessed 2023
Previous assessed
$290,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$144,400
Assessed improvement
$145,600
Land market value
$144,400
Improvement market value
$145,600
Total market value
$290,000
Applied tax rate
22.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Units
1
Total area
2,899 SF
Lot
0.55 ac (23,958 SF)
Zoning code
VR
APN
22 00089-0000-00003
UPID
US59-1629614
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
VR · Three Bridges, NJZoning VR · permitted uses
VR · Three Bridges, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Units
1
Lot
0.55 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
VR
Jurisdiction
Three Bridges, NJ
Recorded code
VR
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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