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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Banks
284-286 Rte 206th S Hillsborough, NJ 08844
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-0760271
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1985
Total area
1,001 SF
Lot
9.79 ac (426,278 SF)
Zoning code
OLC
APN
10 00152- 03-00013
UPID
US59-0760271
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
$3.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.70M
Owner & transaction history
Shreeman Govinda Properties LLC · 2 yrs held
Shreeman Govinda Properties LLC
since 2024
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
OLC · Hillsborough, 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 Hillsborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsborough 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
$3,700,000
ML approach
$3,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.70M (Apr 24 2024)
Last sale anchor
$3.70M
Apr 24 2024
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
$3,696 / 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
$196,031
Tax year 2022
Assessed value
$8,778,800
Assessed 2023
Previous assessed
$8,778,800
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$3,520,800
Assessed improvement
$5,258,000
Land market value
$3,520,800
Improvement market value
$5,258,000
Total market value
$8,778,800
Applied tax rate
10.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1985
Heating
NONE
Units
1
Rooms
8
Total area
1,001 SF
Lot
9.79 ac (426,278 SF)
Zoning code
OLC
APN
10 00152- 03-00013
UPID
US59-0760271
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
OLC · Hillsborough, NJZoning OLC · permitted uses
OLC · Hillsborough, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Units
1
Rooms
8
Lot
9.79 ac
Current owner
From public records · entity-resolved
Shreeman Govinda Properties LLC
Entity
Mailing address
1115 PINHORN DR, BRIDGEWATER, NJ 08807-3574
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$3,700,000
Shreeman Govinda Properties LLC
Mountainview Associates
Deed
$2,300,000 · Unity Bank
Sep 14, 2015
—
Mountainview Associates LLC
—
Trustees Deed
related
$3,750,000 · First Constitution Bk
Oct 26, 2006
$750,000
Amboy National Bank
Mountainview Associates LLC
Grant Deed
related
—
Oct 26, 2006
—
Mountainview Associates LLC
—
Trustees Deed
related
$750,000 · Amboy National Bank
Sep 1, 2006
—
Mountainview Associates LLC
—
Trustees Deed
related
$500,000 · Amboy National Bank
Jul 14, 2005
$18,100
State Of New Jersey/dept/trans
Mountainview Associates LLC
Grant Deed
—
—
—
Mountainview Associates LLC
—
Deed Of Trust
related
$2,500,000 · First Constitution Bank
—
—
Mountainview Associates LLC
—
Deed Of Trust
related
$2,000,000 · Amboy Bank
—
—
Mountainview Associates LLC
—
Deed Of Trust
related
$670,000 · First Constitution 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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