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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Super regional malls
318 Rte 202206 Bedminster, NJ 07921
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US59-1487831
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1887
Total area
2,343 SF
Lot
1.88 ac (81,893 SF)
Zoning code
VN
APN
01 00058-0000-00002
UPID
US59-1487831
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
$505k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Pluckemin Partners LLC · 17 yrs held
Pluckemin Partners LLC
since 2008
2 recorded transactions
Zoning & alternative use
VN · Bedminster, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Maximum Building Height. § 13-404.4 Area and Yard Requirements for the "MF" District. § 13-404.5 Minimum Off-Street Parking. § 13-404.6 Permitted Signs. § 13-404.7 Low and Moderate Income Housing Requirements. § 13-405 "VN" VILLAGE NEIGHBORHOOD. § 13-405.1 Principal Permitted Uses on the Land and in Buildings. § 13-405.2 Accessory Uses Permitted. § 13-405.3…
Zone name
Village Neighborhood
General category
RESIDENTIAL
Zone area
78.58 ac
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 Bedminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedminster 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
$505,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$450,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$400,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$226 / 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
$43,387
Tax year 2022
Assessed value
$3,265,000
Assessed 2023
Previous assessed
$3,160,000
+3.3% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,179,000
Assessed improvement
$2,086,000
Land market value
$1,179,000
Improvement market value
$2,086,000
Total market value
$3,265,000
Applied tax rate
1.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1887
Heating
NONE
Stories
2
Units
1
Rooms
9
Bathrooms
1
Total area
2,343 SF
Lot
1.88 ac (81,893 SF)
Zoning code
VN
APN
01 00058-0000-00002
UPID
US59-1487831
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
VN · Bedminster, NJZoning VN · permitted uses
VN · Bedminster, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Maximum Building Height. § 13-404.4 Area and Yard Requirements for the "MF" District. § 13-404.5 Minimum Off-Street Parking. § 13-404.6 Permitted Signs. § 13-404.7 Low and Moderate Income Housing Requirements. § 13-405 "VN" VILLAGE NEIGHBORHOOD. § 13-405.1 Principal Permitted Uses on the Land and in Buildings. § 13-405.2 Accessory Uses Permitted. § 13-405.3 Maximum Building Height. § 13-405.3A Maximum Building Size. § 13-405.4 Area and Ya
Zone name
Village Neighborhood
General category
RESIDENTIAL
Zone area
78.58 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$400,000
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
Year built
1887
Heating
NONE
Stories
2
Units
1
Rooms
9
Bathrooms
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Pluckemin Partners LLC
Entity
Mailing address
PO BOX 46, LEBANON, NJ 08833-0046
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2008
$4,000,000
Pluckemin Partners LLC
Courtyards At Pluckemin LLC
Bargain And Sale Deed
$3,200,000 · Affinity FCU
Feb 23, 1993
$2,200,000
Richard Barfuss
Unknown
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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