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Property profile & analytics
FOR LEASE
Commercial real estate
400 Atrium Dr Franklin Township, NJ 08873
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-3180164
For Lease
1 / 2
$50,000,000
400 Atrium Dr, Franklin Township, NJ 08873
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Lot
23.82 ac (1,037,643 SF)
Zoning code
CB
APN
08 00468- 01-00021- 06
UPID
US59-3180164
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.00M
Owner & transaction history
Ewa Somerset 400 Owner LLC · 1 yrs held
Ewa Somerset 400 Owner LLC
since 2025
Last sale
$50.0M
7 recorded transactions
Zoning & alternative use
CB · Somerset, 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 Franklin Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin Township 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$644,008
Tax year 2022
Assessed value
$31,600,000
Assessed 2023
Previous assessed
$31,600,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$4,219,000
Assessed improvement
$27,381,000
Land market value
$4,219,000
Improvement market value
$27,381,000
Total market value
$31,600,000
Applied tax rate
8.0000
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 Lease
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
23.82 ac (1,037,643 SF)
Zoning code
CB
APN
08 00468- 01-00021- 06
UPID
US59-3180164
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
CB · Somerset, NJZoning CB · permitted uses
CB · Somerset, 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
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
23.82 ac
Current owner
From public records · entity-resolved
Ewa Somerset 400 Owner LLC
Entity
Free & Clear · 1 yrs held
Ownership since
2025
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
Apr 8, 2025
—
Ewa Somerset 400 Owner LLC
Ewa Somerset 400 Owner LLC
Deed
related
—
Apr 8, 2025
$50,000,000
400 Atrium Jv LLC
Ewa Somerset 400 Owner LLC
Deed
—
May 3, 2024
—
Ewa Somerset 400 Owner LLC
Jennifer M Porter
Deed
—
Nov 21, 2018
$17,100,000
400 Atrium LLC
Sg 2007-fl14 Njop Holding LLC
Grant Deed
—
Apr 30, 2012
—
Sg 2007-fl14 Njop Holdings LLC
I & G Garden State LLC
Grant Deed
related
—
Jan 13, 2006
$102,850,000
I & G Garden State LLC
Rp Garden State LLC
Grant Deed
—
Dec 13, 2005
—
Rp Garden State LLC
Rp Gardens State LLC
Quit Claim Deed
related
—
Feb 7, 2005
$10
Rp Garden State LLC
Wellsford Of Whitehall Holdings L
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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