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Property profile & analytics
OFF-MARKET
Commercial real estate
250 State Rt 23 Franklin, NJ 07416-2141
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2207758
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
1,800 SF
Lot
0.57 ac (25,003 SF)
Zoning code
HC-1
APN
06 01101-0000-00003
UPID
US59-2207758
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T M & K Real Estate Management LLC · 4 yrs held
T M & K Real Estate Management LLC
since 2021
Last sale
$990,000
4 recorded transactions
Zoning & alternative use
HC-1 · Franklin, 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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$23,847
Tax year 2022
Assessed value
$995,800
Assessed 2023
Previous assessed
$995,800
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$430,500
Assessed improvement
$565,300
Land market value
$430,500
Improvement market value
$565,300
Total market value
$995,800
Applied tax rate
6.0000
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
1979
Heating
NONE
Total area
1,800 SF
Lot
0.57 ac (25,003 SF)
Zoning code
HC-1
APN
06 01101-0000-00003
UPID
US59-2207758
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HC-1 · Franklin, NJ
Zoning HC-1 · permitted uses
HC-1 · Franklin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
T M & K Real Estate Management LLC
Entity
Mailing address
643 ATHLONE TER, RIVER VALE, NJ 07675-6524
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
—
M & K Real Estate Management LLC
—
Deed
related
$700,000 · Harborone Bank
Jul 31, 2023
—
T M & K Real Estate Management LLC
—
Deed
related
$1,520,000 · Harborone Bank
Sep 22, 2021
$990,000
T M & K Real Estate Management LLC
The Catherine Belsante Trust
Deed
$1,620,000 · Provident Bank
Sep 22, 2021
—
T M & K Real Estate Management LLC
—
Deed
related
$1,565,700 · Provident 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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