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Property profile & analytics
OFF-MARKET
Estimated value
$14,775,000
Commercial real estate
275 Phillips Blvd Ewing, NJ 08618-1452
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1275655
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Construction
METAL FRAME
Total area
75,889 SF
Lot
10.01 ac (436,036 SF)
Zoning code
IP-1
APN
02 00225- 02-00057
UPID
US59-1275655
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
-
Mednet Healthcare Technologies, a BioTelemetry company. Health
-
Universal Medical Inc Medical Laboratory
-
Mednet Access Medical Clinic
-
Confectionery Castle Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.87M
CAP Approach
CAP
$15.41M
Comparable Approach
Comparable
$9.27M
Blend (final)
Blend
$14.78M
Owner & transaction history
275 Phillips Blvd LLC · 3 yrs held
275 Phillips Blvd LLC
since 2022
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
IP-1 · Ewing, 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 Ewing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ewing 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
$9,865,000
CAP Approach
CAP Return
Estimation
6%
$16,695,000
6.5%
$15,410,000
7%
$14,310,000
Blend value · Realmo final
$14.78M
Range $13.30M – $16.25M · ±10% · vs last sale $20.00M (Dec 14 2022)
Last sale anchor
$20.00M
Dec 14 2022
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
$195 / 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
$213,281
Tax year 2022
Assessed value
$5,929,400
Assessed 2023
Previous assessed
$5,929,400
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$1,151,000
Assessed improvement
$4,778,400
Land market value
$1,151,000
Improvement market value
$4,778,400
Total market value
$5,929,400
Applied tax rate
2.0000
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
1970
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Total area
75,889 SF
Lot
10.01 ac (436,036 SF)
Zoning code
IP-1
APN
02 00225- 02-00057
UPID
US59-1275655
Jurisdiction
MERCER
Zoning & alternative use
IP-1 · Ewing, NJ
Zoning IP-1 · permitted uses
IP-1 · Ewing, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ewing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
10.01 ac
Current owner
From public records · entity-resolved
275 Phillips Blvd LLC
Entity
Mailing address
670 MYRTLE AVE #447, BROOKLYN, NY 11205-3923
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
$20,000,000
275 Phillips Blvd LLC
Cenlar Fsb
Deed
$13,500,000 · Bcb Community Bank
Oct 17, 2022
$2,954
Usbankcust Procap8 Procapitalmgtii
Cenlar Fsb
Redemption Deed
related
—
May 19, 2017
$8,300,000
Cenlar Fsb
275 Phillips Holdings LLC
Grant Deed
—
Apr 17, 2013
$7,800,000
275 Phillips Holdings LLC
Alliance Hsp Ewing Office LLC
Deed
—
Aug 9, 2012
$5,400,000
Hsp Evergreen Propert Alliance
275 Phillips Associaties LP
Grant Deed
—
Jul 26, 2005
—
Trinity Corp Center Associates
—
Deed Of Trust
related
$38,500,000 · General Electric Capital Corp
—
—
Alliance Hsp Ewing Office LLC
—
Deed Of Trust
related
$8,900,000 · Wells Fargo 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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