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Property profile & analytics
OFF-MARKET
Estimated value
$9,560,000
Office buildings
331 Us Hwy 206 Hillsborough, NJ 08844-4781
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-1030518
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
1,693 SF
Lot
5.82 ac (253,519 SF)
Zoning code
HS
APN
10 00182-0000-00038
UPID
US59-1030518
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
$9.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.56M
Owner & transaction history
Saint Barnabas Realty Development C · 3 yrs held
Saint Barnabas Realty Development C
since 2023
Last sale
$10.0M
5 recorded transactions
Zoning & alternative use
HS · 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
$8,985,000
ML approach
$9,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.56M
Range $8.60M – $10.52M · ±10% · vs last sale $10.00M (May 16 2023)
Last sale anchor
$10.00M
May 16 2023
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
$5,647 / 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
$146,143
Tax year 2022
Assessed value
$6,544,700
Assessed 2023
Previous assessed
$6,544,700
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$2,184,000
Assessed improvement
$4,360,700
Land market value
$2,184,000
Improvement market value
$4,360,700
Total market value
$6,544,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Stories
2
Units
1
Rooms
10
Total area
1,693 SF
Lot
5.82 ac (253,519 SF)
Zoning code
HS
APN
10 00182-0000-00038
UPID
US59-1030518
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HS · Hillsborough, NJ
Zoning HS · permitted uses
HS · Hillsborough, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsborough. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Stories
2
Units
1
Rooms
10
Lot
5.82 ac
Current owner
From public records · entity-resolved
Saint Barnabas Realty Development C
Entity
Free & Clear · 3 yrs held
Mailing address
95 OLD SHORT HLS RD, WEST ORANGE, NJ 07052-1008
Ownership since
2023
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
May 16, 2023
$10,000,000
Saint Barnabas Realty Development C
Medicor Associate INC
Deed
—
Nov 18, 2020
$650
State Of Nj
Medicor Associate INC
Grant Deed
related
—
Mar 17, 2009
$86,000
State Of Nj
Medicor Associate INC
Grant Deed
—
Sep 2, 2005
$1,200,000
Medicor Associates INC
Decanto,fannie
Grant Deed
$8,750,000 · Somerset Valley Bank
Jun 28, 2004
$1
Fannie Decanto
Decanto Family
Quit Claim Deed
related
—
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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