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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
50 Division St, Somerville, NJ 08876-2943
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0039124
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
0.75 ac (32,800 SF)
APN
18 00117-0000-00002
UPID
US59-0039124
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
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Somerville 50 Division Street LLC · 4 yrs held
Somerville 50 Division Street LLC
since 2022
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 Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville 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
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$277,927
Tax year 2022
Assessed value
$6,798,600
Assessed 2023
Previous assessed
$6,798,600
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$1,082,400
Assessed improvement
$5,716,200
Land market value
$1,082,400
Improvement market value
$5,716,200
Total market value
$6,798,600
Applied tax rate
18.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Units
1
Lot
0.75 ac (32,800 SF)
APN
18 00117-0000-00002
UPID
US59-0039124
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
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
Heating
NONE
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Somerville 50 Division Street LLC
Entity
Mailing address
92 E MAIN ST, SOMERVILLE, NJ 08876-2319
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Somerville 50 Division Street LLC
50 Division Street LLC
Bargain And Sale Deed
$6,800,000 · 50 Division Street LLC
Aug 8, 2016
$118,228
Somerville 55 Division Street
Somerville Tic Xl LLC
Grant Deed
—
Aug 8, 2016
—
50 Division Street LLC
Somerville Tic V LLC
Grant Deed
—
Aug 8, 2016
$209,546
Sommerville 50 Division Street
Somerville Tic Vii LLC
Grant Deed
—
Aug 8, 2016
$419,092
Somerville 50 Division Street
Somerville Tic IV LLC
Grant Deed
—
Aug 8, 2016
$349,390
Somerivlle 50 Division Street
Solnerville Tic I LLC
Grant Deed
—
Aug 8, 2016
$335,274
Somerville 50 Division Street
Somerivlle Tic Viii LLC
Grant Deed
—
Aug 8, 2016
$264,690
Somerville 50 Division Street
Somerville Tic Xii LLC
Grant Deed
—
Aug 8, 2016
$333,509
Somerville 50 Division Street
Somerville Tic Ix LLC
Grant Deed
—
Aug 8, 2016
$833,773
Somerville 50 Division Street
Somerville Tic II LLC
Grant Deed
$600,000 · Martin Desapio
Aug 8, 2016
$500,264
Somerville 50 Division Street
Somerville Tic V LLC
Grant Deed
—
May 5, 2016
$144,285
Somerville Tic Xi LLC
Somerville Tic I LLC
Grant Deed
—
Jul 2, 2007
$350,000
Somerville Tic Xii LLC
Somerville Tic I LLC
Grant Deed
—
Apr 4, 2007
$255,000
Somerville Tic X LLC
Somerville Tic I LLC
Grant Deed
—
Sep 12, 2006
$400,000
Somerville Tic Viii LLC
Somerville Tic I LLC
Grant Deed
—
Sep 12, 2006
$400,131
Somerville Tic Ix LLC
Somerville Tic Ix LLC
Grant Deed
—
Sep 12, 2006
$250,000
Somerville Tic Vii LLC
Somerville Tic I LLC
Grant Deed
related
—
Apr 5, 2006
$13,325,000
Somerville Tic I LLC
Green Fund Realty Ptshp III
Grant Deed
$8,595,000 · Citigroup Global Markets Realt
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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