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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Medical Office Space
256 Bunn Dr Ste 5 Princeton, NJ 08540-2859
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US59-2043848
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Construction
TYPE NOT SPECIFIED
Total area
6,186 SF
Lot
5.87 ac (255,697 SF)
APN
14 04301-0000-00005-0000-C05
UPID
US59-2043848
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
$905k
Owner & transaction history
Apter,jeffrey · 17 yrs held
Apter,jeffrey
since 2008
7 recorded transactions
Zoning & alternative use
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 Princeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princeton 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
$900,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$890,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$146 / 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
$26,329
Tax year 2022
Assessed value
$1,082,600
Assessed 2023
Previous assessed
$1,082,600
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$494,900
Assessed improvement
$587,700
Land market value
$494,900
Improvement market value
$587,700
Total market value
$1,082,600
Applied tax rate
14.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Construction
TYPE NOT SPECIFIED
Heating
NONE
Units
1
Total area
6,186 SF
Lot
5.87 ac (255,697 SF)
APN
14 04301-0000-00005-0000-C05
UPID
US59-2043848
Jurisdiction
MERCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$890,000
OFFICE BUILDING
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
TYPE NOT SPECIFIED
Heating
NONE
Units
1
Lot
5.87 ac
Current owner
From public records · entity-resolved
Apter,jeffrey
Individual
Mailing address
256 BUNN DR STE #5, PRINCETON, NJ 08540-2859
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2008
—
Apter,jeffrey
—
Trustees Deed
related
$300,000 · Bank Of Princeton Fsb
—
—
Apter,jeffrey
—
Deed Of Trust
related
$300,000 · Bank Of Princeton Fsb
—
—
Apter,jeffrey T
—
Deed Of Trust
related
$250,000 · Grand Bk
—
—
Princeton Psych Realty
—
Deed Of Trust
related
$700,000 · Td Bk NA
—
—
Princeton Psych Realty
—
Deed Of Trust
related
$1,523,654 · Td Bk NA
—
—
Apter,jeffrey
—
Deed Of Trust
related
$300,000 · Bank Of Princeton Fsb
—
—
Princeton Psych Realty
—
Deed Of Trust
related
$300,000 · Td Bk NA
—
—
Princeton Psych Realty
—
Deed Of Trust
related
$300,000 · Grand Bk
—
—
Apter,jeffrey
—
Loan Modification
related
$600,000 · Bank Of Princeton
—
—
Apter,jeffrey
—
Loan Modification
related
$500,000 · Bank Of Princeton
—
—
Apter,jeffery
—
Deed Of Trust
related
$300,000 · Bank Of Princeton Fsb
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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