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Property profile & analytics
OFF-MARKET
Estimated value
$14,325,000
Hotels
271 Continental N Dr Budd Lake, NJ 07828
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1281202
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
85,136 SF
Lot
9.01 ac (392,476 SF)
Zoning code
FTZ4
APN
27 00204-0000-00001- 01
UPID
US59-1281202
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
Current use
Occupant on record · Public records
-
271 Continental Drive Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.33M
Owner & transaction history
Ne Stanhope Owner LLC · 6 yrs held
Ne Stanhope Owner LLC
since 2020
Last sale
$17.0M
5 recorded transactions
Zoning & alternative use
FTZ4 · Budd Lake, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.9M
+141.0%
Apartment house (5+ units)
$13.5M
+117.9%
Commercial (general)
$10.4M
+69.1%
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 Budd Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Budd Lake 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
$18,750,000
ML approach
$11,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,890,000
Change: +141% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,460,000
Change: +118% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,445,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$14.33M
Range $12.89M – $15.76M · ±10% · vs last sale $17.00M (Feb 10 2020)
Last sale anchor
$17.00M
Feb 10 2020
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
$168 / 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
$258,251
Tax year 2022
Assessed value
$7,900,000
Assessed 2023
Previous assessed
$7,900,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$3,100,000
Assessed improvement
$4,800,000
Land market value
$3,100,000
Improvement market value
$4,800,000
Total market value
$7,900,000
Applied tax rate
27.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Heating
NONE
Total area
85,136 SF
Lot
9.01 ac (392,476 SF)
Zoning code
FTZ4
APN
27 00204-0000-00001- 01
UPID
US59-1281202
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
FTZ4 · Budd Lake, NJ
Zoning FTZ4 · permitted uses
FTZ4 · Budd Lake, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Budd Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$14.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$10.4M
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
Year built
2000
Heating
NONE
Lot
9.01 ac
Current owner
From public records · entity-resolved
Ne Stanhope Owner LLC
Entity
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2023
—
Ne Stanhope Opco LLC
—
Deed
related
$120,000,000 · Ne Stanhope Owner LLC
Feb 10, 2020
$17,000,000
Ne Stanhope Owner LLC
Bre Select Hotels Properties LLC
Deed
$126,600,000 · Jpmorgan Chase Bank NA
Jun 14, 2013
—
Bre Select Hotels Properties LLC
Bre Select Hotels Pa LLC
Limited Warranty Deed
—
Oct 14, 2005
$9,508,600
Apple Six Hospitality Ownershi
Briad Lodging Group Mt Olive L
Grant Deed
—
—
—
Briad Lodging Group Mt Olive L
—
Deed Of Trust
related
$8,200,000 · Sun National 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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