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Property profile & analytics
FOR LEASE
Commercial real estate
477 Martinsville Rd Basking Ridge, NJ 07920
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1911488
For Lease
1 / 2
$10,795,000
477 Martinsville Rd, Basking Ridge, NJ 07920
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Lot
34.61 ac (1,507,612 SF)
Zoning code
E3
APN
02 11301-0000-00007
UPID
US59-1911488
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
-
Summit Bank Bank Loan Service
-
Mt Mc Kinley Managers LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.80M
Owner & transaction history
Jsm At Basking Ridge LLC · 3 yrs held
Jsm At Basking Ridge LLC
since 2022
Last sale
$10.7M
3 recorded transactions
Zoning & alternative use
E3 · 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
$12,715,000
ML approach
$10,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.80M
Range $9.72M – $11.87M · ±10% · vs last sale $10.70M (Dec 5 2022)
Last sale anchor
$10.70M
Dec 5 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
—
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
$347,680
Tax year 2022
Assessed value
$16,136,300
Assessed 2023
Previous assessed
$17,288,900
-6.7% YoY
Effective rate
2.15%
On assessed value
Assessed land
$6,247,800
Assessed improvement
$9,888,500
Land market value
$6,247,800
Improvement market value
$9,888,500
Total market value
$16,136,300
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
1991
Heating
NONE
Units
1
Lot
34.61 ac (1,507,612 SF)
Zoning code
E3
APN
02 11301-0000-00007
UPID
US59-1911488
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
E3 · Basking Ridge, NJ
Zoning E3 · permitted uses
E3 · 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
1991
Heating
NONE
Units
1
Lot
34.61 ac
Current owner
From public records · entity-resolved
Jsm At Basking Ridge LLC
Entity
Mailing address
1260 STELTON RD, PISCATAWAY, NJ 08854-5282
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
—
Jsm At Basking Ridge LLC
Jsm At Basking Ridge LLC
Intrafamily Transfer
related
$16,162,201 · Bankwell Bank
Aug 3, 2022
$10,700,000
Jsm At Basking Ridge LLC
Gregory T Maloney
Deed
—
Dec 29, 2010
$64,400,000
Arep Westgate I LLC
Otr
Deed
$44,000,000 · Ubs Real Estate Securities INC
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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