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Property profile & analytics
FOR SALE
Commercial real estate
31 Race St Frenchtown, NJ 08825
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2864074
For Sale
1 / 37
$5,899,900
31 Race St, Frenchtown, NJ 08825
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1854
Construction
FRAME
Total area
8,155 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R-4
APN
11 00041-0000-00005
UPID
US59-2864074
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
-
The National Hotel Hotel & Motel
-
Rathskeller Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$625k
Owner & transaction history
Lucky 37 Mine LLC · 4 yrs held
Lucky 37 Mine LLC
since 2022
Last sale
$740,000
7 recorded transactions
Zoning & alternative use
R-4 · Frenchtown, 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 Frenchtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frenchtown 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
$460,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $740k (Jun 7 2022)
Last sale anchor
$740k
Jun 7 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
$77 / 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
$21,578
Tax year 2022
Assessed value
$595,100
Assessed 2023
Previous assessed
$595,100
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$172,100
Assessed improvement
$423,000
Land market value
$172,100
Improvement market value
$423,000
Total market value
$595,100
Applied tax rate
11.0000
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
For Sale
Year built
1854
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
8,155 SF
Lot
0.37 ac (16,117 SF)
Zoning code
R-4
APN
11 00041-0000-00005
UPID
US59-2864074
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Frenchtown, NJ
Zoning R-4 · permitted uses
R-4 · Frenchtown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frenchtown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1854
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Lucky 37 Mine LLC
Entity
Mailing address
13 JEANETTE LN, MILFORD, NJ 08848-1903
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$740,000
Lucky 37 Mine LLC
Freedom Hotel LLC
Deed
—
Sep 4, 2009
$400,000
Freedom Hotel LLC
Stornawaye Financial Corp
Grant Deed
—
Jun 12, 2009
—
Stornwaye Financial Corp
Stornwaye Real Estate LLC
Quit Claim Deed
related
—
Jun 1, 2009
—
Stornawaye Real Estate LLC
Krams Avenue Partners
Deed In Lieu Of Foreclosure
related
—
Mar 10, 2006
$1
Ab Partners
Krams Avenue Partners
Grant Deed
related
—
—
—
Freedom Hotel LLC
—
Deed Of Trust
related
$650,000,000 · Fulton Bk/nj
—
—
Krams Avenue Partners
—
Deed Of Trust
related
$140,893 · Yardville National Bank
—
—
Freedom Hotel LLC
—
Deed Of Trust
related
$470,000 · Td Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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