Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2487 Lamington Rd Bedminster, NJ 07921-2619
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2487 Lamington Rd Bedminster, NJ 07921-2619

    View on Map
    • Commercial real estate
    • 1,756 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US59-2062743
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lashology Lash Studio & Cosmetic Artistry / Hair Salon / Nail Salon
    • Lashology Xtreme Lash Studio and Spa / Hair Salon / Nail Salon
    • Doc International Inc / Business Management Consultant

    Property Details for 2487 Lamington Rd

    Year built
    1887
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    1,756 SF
    Zone code
    VN
    Property type
    Commercial real estate
    APN
    01 00027-0000-00023
    APU
    100027000000023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bedminster
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6462
    Latitude
    40.6806
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,889
    $173,500
    $193,600
    $367,100
    -
    $173,500
    $193,600
    $367,100

    Comparable in this City

    • Value Estimation by Request
      19,240 SF

      1420 Us-206

      Retail properties & Spaces • 19,240 SF
      1420 Us-206, Bedminster, NJ 07921
      View Details
    • Value Estimation by Request
      2,028 SF

      336 Main St

      COMMERCIAL (GENERAL) • 2,028 SF
      336 Main St, Bedminster, NJ 07921-2602
      View Details
    • Value Estimation
      $505,000
      2,720 SF

      100 Somerville Rd

      COMMERCIAL (GENERAL) • 2,720 SF
      100 Somerville Rd, Bedminster, NJ 07921-2636
      View Details
    • Value Estimation
      $1,265,000
      4,257 SF

      302 Rte 202206

      COMMERCIAL (GENERAL) • 4,257 SF
      302 Rte 202206, Bedminster, NJ 07921
      View Details
    • Value Estimation
      $865,000
      3,096 SF

      2085 Burnt Mls Rd

      COMMERCIAL (GENERAL) • 3,096 SF
      2085 Burnt Mls Rd, Bedminster, NJ 07921-2618
      View Details
    • Value Estimation by Request
      862 SF

      462 Main St

      COMMERCIAL (GENERAL) • 862 SF
      462 Main St, Bedminster, NJ 07921-2604
      View Details

    Similar Nearby for Sale

    • $2,900,000

      Bedminster Horse Farm with Potential

      15.55-acre property in Bedminster, NJ with commercial and residential land.
      1850 Burnt Mills Rd, Bedminster, NJ 07921
      View Details
    • $800,000

      Two-Story Building with Parking

      Two-story building with parking, business included, conversion potential.
      2087 Burnt Mills Rd, Bedminster, NJ 07921
      View Details
    • $2,900,000
      12.75 Acres

      Bedminster Twp. Land Opportunity

      12.75-acre property with commercial and residential potential in Bedminster, NJ.
      1850 Burnt Mills Rd, Bedminster, NJ 07921
      View Details
    • Contact for pricing

      Class A Office Complex

      Two-building office complex with amenities and convenient location.
      Bedminster, NJ 07921
      View Details
    • Contact for pricing
      3,010 SF

      Retail/Office Building in Bedminster

      Newly constructed retail/office building in Somerset Hills Shopping Center.
      75 Washington Valley Rd, Bedminster, NJ 07921
      View Details
    • Contact for pricing
      5,100 SF

      Two-Story Office Building in Bedminster

      Two-story office building with upscale finishes and private offices.
      211 Somerville Rd, Bedminster, NJ 07921
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Retail/Office Development in Bedminster

      New mixed-use development with high visibility and ample parking.
      2390 Lamington Rd, Bedminster, NJ 07921
      View Details
    • Contact for pricing
      34,077 SF

      Bedminster Office Space For Rent

      Modern office space with amenities in ideal New Jersey location.
      550 Hills Dr, Bedminster, NJ 07921
      View Details
    • Sponsored
      New
      Contact for pricing

      Bedminster

      Discover many ways to work your way in Pembrook Commons
      90 Washington Valley Rd, Bedminster, NJ 07921
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available Now

      Global network of workspaces offering tailored office solutions.
      1 Crossroads Dr, Bedminster, NJ 07921
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 90 Washington Valley Rd.
      90 Washington Valley Rd, Bedminster, NJ 07921
      View Details
    • Contact for pricing
      1,962 SF

      Bedminster Office Space Available

      Office space for rent in Bedminster, New Jersey.
      1 Pluckemin Way, Bedminster, NJ 07921
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2487 Lamington Rd
    Bedminster, NJ 07921-2619
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!