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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Commercial real estate
606 County Rd 519 Blairstown, NJ 07825-4035
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3133301
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
7,387 SF
Lot
1.29 ac (56,192 SF)
Zoning code
NC
APN
06 01801-0000-00006
UPID
US59-3133301
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
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$815k
Owner & transaction history
Ultimo In House LLC · 4 yrs held
Ultimo In House LLC
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
NC · Blairstown, 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 Blairstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blairstown 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
$855,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $800k (May 3 2022)
Last sale anchor
$800k
May 3 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
$110 / 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
$12,581
Tax year 2022
Assessed value
$513,700
Assessed 2023
Previous assessed
$513,700
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$90,300
Assessed improvement
$423,400
Land market value
$90,300
Improvement market value
$423,400
Total market value
$513,700
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Construction
FRAME
Heating
NONE
Stories
1
Units
2
Total area
7,387 SF
Lot
1.29 ac (56,192 SF)
Zoning code
NC
APN
06 01801-0000-00006
UPID
US59-3133301
Jurisdiction
WARREN
Zoning & alternative use
NC · Blairstown, NJZoning NC · permitted uses
NC · Blairstown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Units
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Ultimo In House LLC
Entity
Mailing address
606 612TH RTE 519, BLAIRSTOWN, NJ 07825
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$800,000
Ultimo In House LLC
State Park Enterprise LLC
Bargain And Sale Deed
—
Feb 16, 2018
—
State Park Ent LLC
—
Deed
related
$550,000 · First Hope Bk
Jul 2, 2013
$330,000
State Park Ent LLC
Predale,john & Nancy
Grant Deed
—
Jul 2, 2004
$249,000
John Predale
Smith,lyle & Emily H
Grant Deed
$65,000 · Lyle & Emily G Smith
—
—
State Park Etns LLC
—
Deed Of Trust
related
$200,000 · First Hope Bk
—
—
State Park Ent LLC
—
Deed Of Trust
related
$150,000 · First Hope Bk
—
—
State Park Ent LLC
—
Deed Of Trust
related
$339,000 · First Hope Bk
—
—
State Park Ent LLC
—
Deed Of Trust
related
$550,000 · First Hope Bk
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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