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Property profile & analytics
OFF-MARKET
Estimated value
$32,215,000
Office buildings
550 Hls Dr Bedminster, NJ 07921-1537
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-3085748
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
13.94 ac (607,401 SF)
Zoning code
PUD
APN
01 00059- 26-00011- 2
UPID
US59-3085748
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.22M
Owner & transaction history
Necg Bedminster Bh LLC · 6 yrs held
Necg Bedminster Bh LLC
since 2020
Last sale
$32.8M
2 recorded transactions
Zoning & alternative use
PUD · Bedminster, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Accessory Uses Permitted. § 13-408.3 Lot Size, Area, Yard and Building Requirements for the "P" District. § 13-409 "SFC" SINGLE-FAMILY CLUSTER DISTRICT. § 13-410 "PRD" Planned Residential Development DISTRICT. § 13-411 "PUD" PLANNED UNIT DEVELOPMENT DISTRICT. § 13-412 "SCH" SENIOR CITIZEN HOUSING DISTRICT. § 13-413 "RDOL" RESEARCH DEVELOPMENT OFFICE LABORATO…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
298.78 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 Bedminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedminster 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
$355,882
Tax year 2022
Assessed value
$26,880,000
Assessed 2023
Previous assessed
$25,920,000
+3.7% YoY
Effective rate
1.32%
On assessed value
Assessed land
$5,952,000
Assessed improvement
$20,928,000
Land market value
$5,952,000
Improvement market value
$20,928,000
Total market value
$26,880,000
Applied tax rate
1.0000
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
13.94 ac (607,401 SF)
Zoning code
PUD
APN
01 00059- 26-00011- 2
UPID
US59-3085748
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
PUD · Bedminster, NJZoning PUD · permitted uses
PUD · Bedminster, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Accessory Uses Permitted. § 13-408.3 Lot Size, Area, Yard and Building Requirements for the "P" District. § 13-409 "SFC" SINGLE-FAMILY CLUSTER DISTRICT. § 13-410 "PRD" Planned Residential Development DISTRICT. § 13-411 "PUD" PLANNED UNIT DEVELOPMENT DISTRICT. § 13-412 "SCH" SENIOR CITIZEN HOUSING DISTRICT. § 13-413 "RDOL" RESEARCH DEVELOPMENT OFFICE LABORATORY DISTRICT. § 13-413.1 Permitted Principal Uses on the Land and in Buildings. § 13
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
298.78 ac
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
13.94 ac
Current owner
From public records · entity-resolved
Necg Bedminster Bh LLC
Entity
Mailing address
1 HILLCREST CTRS310, SPRING VALLEY, NY 10977-3740
Ownership since
2020
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
Jul 23, 2020
$32,750,000
Necg Bedminster Bh LLC
Miref Bedminster LLC
Grant Deed
$26,200,000 · American Heritage FCU
Jan 5, 2007
$43,701,000
Miref Bedminster LLC
Offices At Bedminster LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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