Back to Search
Property profile & analytics
FOR LEASE
Commercial real estate
403 King George Rd Basking Ridge, NJ 07920
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0469804
For Lease
1 / 2
$20 SF/Yr
403 King George Rd, Basking Ridge, NJ 07920
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
1,976 SF
Lot
22.03 ac (959,627 SF)
Zoning code
B5
APN
02 08501-0000-00039- 01
UPID
US59-0469804
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
-
SKY Taekwondo Training Center Sports School
-
Brown & Brown LLC Insurance Agency
-
The Stone Bean: Pastry and Bubble Tea Cafe & Coffee Shop
-
Ridge Fine Wines Specialty Food Shop Wine and Liquor Store
-
John P. Gannon, CPA - Schembre & Gannon CPAs LLC Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
Bernards Plaza Associates LLC · 4 yrs held
Bernards Plaza Associates LLC
since 2022
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
B5 · Basking Ridge, 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 Basking Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Basking Ridge 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
$2,495,000
ML approach
$2,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±10% · vs last sale $2.10M (Jun 17 2022)
Last sale anchor
$2.10M
Jun 17 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
$1,134 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$864,882
Tax year 2023
Assessed value
$45,858,000
Assessed 2024
Previous assessed
$45,858,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$9,445,400
Assessed improvement
$36,412,600
Land market value
$9,445,400
Improvement market value
$36,412,600
Total market value
$45,858,000
Applied tax rate
2.0000
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
Year built
2001
Heating
NONE
Units
1
Rooms
7
Total area
1,976 SF
Lot
22.03 ac (959,627 SF)
Zoning code
B5
APN
02 08501-0000-00039- 01
UPID
US59-0469804
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B5 · Basking Ridge, NJ
Zoning B5 · permitted uses
B5 · Basking Ridge, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Basking Ridge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Units
1
Rooms
7
Lot
22.03 ac
Current owner
From public records · entity-resolved
Bernards Plaza Associates LLC
Entity
Mailing address
820 MORRIS TPKE STE #301, SHORT HILLS, NJ 07078-2619
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
—
Bernards Plaza Associates LLC
Bernards Plaza Associates LLC
Intrafamily Transfer
related
$57,500,000 · Prudential Insurance Of America
Jun 8, 2020
—
Bernards Plaza Associates LLC
—
Deed
related
$43,360,000 · Capital One NA
Apr 2, 2012
—
A & P Real Property LLC
—
Deed Of Trust
related
$375,000,000 · J P Morgan Chase Bank
—
—
A & P Real Property LLC
—
Deed Of Trust
related
—
—
—
Bernards Plaza Associates LLC
—
Deed Of Trust
related
$43,360,000 · Capital One 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
