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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Commercial real estate
32 Un St Lambertville, NJ 08530-1736
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US59-0206758
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1868
Construction
BRICK
Total area
10,032 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CBD
APN
17 01036-0000-00006
UPID
US59-0206758
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
by Request
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.64M
Owner & transaction history
Grand Depot Partners LLC · 10 yrs held
Grand Depot Partners LLC
since 2016
5 recorded transactions
Zoning & alternative use
CBD · Lambertville, 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 Lambertville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lambertville 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,775,000
6.5%
$1,635,000
7%
$1,520,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,885,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,760,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$163 / 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
$49,161
Tax year 2022
Assessed value
$2,148,200
Assessed 2023
Previous assessed
$2,148,200
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$362,500
Assessed improvement
$1,785,700
Land market value
$362,500
Improvement market value
$1,785,700
Total market value
$2,148,200
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1868
Construction
BRICK
Heating
NONE
Stories
3
Units
2
Total area
10,032 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CBD
APN
17 01036-0000-00006
UPID
US59-0206758
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lambertville, NJ
Zoning CBD · permitted uses
CBD · Lambertville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lambertville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1868
Construction
BRICK
Heating
NONE
Stories
3
Units
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Grand Depot Partners LLC
Entity
Mailing address
441 MAIN ST STE F40, METUCHEN, NJ 08840-4804
Ownership since
2016
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 8, 2016
$2,030,000
Grand Depot Partners LLC
Evans,george G III
Grant Deed
$1,624,000 · National Penn Bk
Jun 16, 2009
—
George G Evans III
—
Trustees Deed
related
$525,000 · National Penn Bank
Nov 7, 2005
$1,300,000
George G Evans III
Mathews Building LLC
Quit Claim Deed
related
$1,040,000 · First Service Bank
—
—
George G Evans III
—
Deed Of Trust
related
$1,565,000 · National Penn Bank
—
—
George G Evans III
—
Deed Of Trust
related
$1,420,791 · National Penn 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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