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Property profile & analytics
OFF-MARKET
Industrial properties
407 Bunting Ave Hamilton, NJ 08611-3207
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1094896
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Construction
CONCRETE BLOCKS
Total area
5,120 SF
Lot
0.41 ac (18,000 SF)
APN
03 02186-0000-00036- 01
UPID
US59-1094896
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
-
Professional Air duct & dryer vent cleannig of NJ Electrical Service General Contractor
-
Brower Plumbing & Heating Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nrs2 LLC · 6 yrs held
Nrs2 LLC
since 2019
7 recorded transactions
Zoning & alternative use
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 Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamilton 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
$10,322
Tax year 2022
Assessed value
$317,500
Assessed 2023
Previous assessed
$317,500
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$64,400
Assessed improvement
$253,100
Land market value
$64,400
Improvement market value
$253,100
Total market value
$317,500
Applied tax rate
3.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1950
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
5,120 SF
Lot
0.41 ac (18,000 SF)
APN
03 02186-0000-00036- 01
UPID
US59-1094896
Jurisdiction
MERCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Nrs2 LLC
Entity
Mailing address
PO BOX 878, TRENTON, NJ 08605-0878
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Oct 3, 2023
—
Nrs2 LLC
—
Deed
related
$200,000 · The Bank Of Princeton
Apr 4, 2022
—
Nrs2 LLC
—
Deed
related
$200,000 · The Bank Of Princeton
Dec 8, 2020
—
Denaka Partners LP
—
Deed
related
$100,000 · The Bank Of Princeton
Jul 26, 2019
$375,000
Nrs2 LLC
David C Carabelli
Deed
$300,000 · The Bank Of Princeton
Feb 23, 2012
—
David C Carabelli
Sass Muni V LLC
Tax Deed
related
—
Mar 21, 2006
$255,000
Leonard Lashley
Property Management Group & De
Grant Deed
—
Jun 10, 2005
$1
David C Carabelli
Professional Electric
Grant Deed
related
—
—
—
David C Carabelli
—
Deed Of Trust
related
$115,000 · Grand Bank For Savings Fsb
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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