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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Banks
5 Rte 31st N Pennington, NJ 08534-1605
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-1536238
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Total area
3,624 SF
Lot
1.03 ac (44,660 SF)
Zoning code
B-H
APN
08 00206-0000-00002
UPID
US59-1536238
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
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Starbucks Corporation · 1 yrs held
Starbucks Corporation
since 2025
Last sale
$605,000
2 recorded transactions
Zoning & alternative use
B-H · Pennington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-67 R-80 Residence Zone. § 215-68 R-100 Residence Zone. § 215-69 R-A Apartment-Townhouse Residence Zone. § 215-70 O-R Office-Residence Zone. § 215-71 TC Town Center Zone. § 215-71.1 TCB Town Center Buffer Zone. § 215-72 B-H Highway Business Zone. § 215-73 O-B Office (Building) Business Zone. § 215-74 P-O Professional Office Zone. § 215-75 E-1 Education Zone.…
Zone name
Highway Business Zone
General category
COMMERCIAL
Zone area
23.48 ac
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 Pennington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pennington 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
$660,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$530,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$500,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $605k (Feb 9 2022)
Last sale anchor
$605k
Feb 9 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
$172 / 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
$34,589
Tax year 2022
Assessed value
$1,220,500
Assessed 2023
Previous assessed
$1,220,500
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$419,700
Assessed improvement
$800,800
Land market value
$419,700
Improvement market value
$800,800
Total market value
$1,220,500
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Units
1
Total area
3,624 SF
Lot
1.03 ac (44,660 SF)
Zoning code
B-H
APN
08 00206-0000-00002
UPID
US59-1536238
Jurisdiction
MERCER
Zoning & alternative use
B-H · Pennington, NJZoning B-H · permitted uses
B-H · Pennington, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-67 R-80 Residence Zone. § 215-68 R-100 Residence Zone. § 215-69 R-A Apartment-Townhouse Residence Zone. § 215-70 O-R Office-Residence Zone. § 215-71 TC Town Center Zone. § 215-71.1 TCB Town Center Buffer Zone. § 215-72 B-H Highway Business Zone. § 215-73 O-B Office (Building) Business Zone. § 215-74 P-O Professional Office Zone. § 215-75 E-1 Education Zone. § 215-76 E-2 Education zone. § 215-77 MU-1 Mixed Use Zone. § 215-78 MU-2 Mixed Use
Zone name
Highway Business Zone
General category
COMMERCIAL
Zone area
23.48 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$500,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Starbucks Corporation
Entity
Free & Clear · 1 yrs held
Mailing address
2950 SW 27TH AVE STE #300, MIAMI, FL 33133-3793
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
—
Starbucks Corporation
5 Pennington LLC
Deed
—
Feb 9, 2022
$605,000
5 Pennington LLC
Td Bank NA
Quit Claim Arm's Length For Ne States
$453,750 · Brunswick Bank & Trust Co
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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